Curbing Corporate Debt Bias /

Tax provisions favoring corporate debt over equity finance ('debt bias') are widely recognized as a risk to financial stability. This paper explores whether and how thin-capitalization rules, which restrict interest deductibility beyond a certain amount, affect corporate debt ratios and mi...

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Bibliographic Details
Main Author: Mooij, Ruud A.
Other Authors: Hebous, Shafik
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/022
Online Access:Full text available on IMF