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Corporate Financing & Taxation: A Dynamic Panel Data Modelling

The International Journal of Financial Management

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Title Corporate Financing & Taxation: A Dynamic Panel Data Modelling
 
Creator Tripathi, Vanita; Assistant Professor, Department of Commerce, Delhi School of Economics, University of Delhi, Delhi, India. Email: vanitatripathi1@yahoo.co.in
Kumar, Lalit; Research Scholar, Department of Commerce, Delhi School of Economics, University of Delhi, Delhi, India. Email: lalitdse@gmail.com
 
Subject Corporate Financing Decision, Taxation, Emerging Economies, Speed of Adjustment
 
Description Do prevailing corporate tax rates have any significant impact on corporate financing decision? This is the most controversial question in corporate finance. Theories suggest a positive impact of corporate tax on debt financing as interest is a tax deductible expense and many empirical studies favour this. However, factors dominating in Emerging economies differ from those in developed economies as the priorities of the two are different. Under situation where external capital inflow plays a vital role in the development of the economy, it would be interesting to see whether corporate tax maintains its dominating position as suggested by earlier studies. This paper examines this issue in detail through dynamic panel data model for firms in India.
 
Publisher Publishing India Group
 
Date 2015-07-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/IJFM/article/view/3085
 
Source International Journal of Financial Management; Vol 4, No 1 (2014)
2229-5682
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/IJFM/article/view/3085/3013
 
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International Journal of Financial Management