Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?
NBER Working Paper No. 17169
---- Acknowledgements ----
We would like to acknowledge our appreciation to the workshop participants at the University of Frankfurt, the Max Planck Institute for Tax Law and Public Finance, and the Vienna University of Economics and Business for their helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.