As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes
Chapter in NBER book New Perspectives on Corporate Capital Structure (2015), Viral V. Acharya, Heitor Almeida, and Malcolm Baker, organizers
---- Disclosure of Financial Relationships for Alexander Ljungqvist ----
Ljungqvist gratefully acknowledges the generous hospitality of the European Central Bank while working on this project. The views expressed in this paper do not necessarily reflect those of the ECB or the Eurosystem.