International debt shifting and multinational firms in developing economies

Fuest, Clemens, Hebous, Shafik and Riedel, Nadine (2011) International debt shifting and multinational firms in developing economies. Economics Letters, 113 (2). pp. 135-138.

Abstract

We present empirical evidence suggesting that the effect of the host country corporate tax rate on the debt ratio of multinational affiliates in developing economies is positive and larger than the same effect for affiliates in developed economies.

Item Type: Article
Keywords: International debt shifting; Capital structure; Corporate taxation; Developing economies
Subject(s): Taxation
Centre: Oxford University Centre for Business Taxation
Date Deposited: 28 May 2012 13:07
Last Modified: 23 Oct 2015 14:07
URI: http://eureka.sbs.ox.ac.uk/id/eprint/3422

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