Firm Financing in Chile after the 2014-15 Tax Reform : Debt or Equity?

Firm Financing in Chile after the 2014-15 Tax Reform : Debt or Equity?

This paper analyzes the effects of the 2014-15 Chilean tax reform on firms' incentives to retain earnings and finance their operations with equity versus debt. The analysis comprises a comparison with the situation of the pre-reform period, an...

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Bibliographic Details
Main Author: Hernandez T., Leonardo
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
tax reform
debt
equity
retained earnings
income tax rate
investment incentives
Online Access:http://documents.worldbank.org/curated/en/2016/10/26867940/firm-financing-chile-after-2014-15-tax-reform-debt-or-equity
http://hdl.handle.net/10986/25305

Internet

http://documents.worldbank.org/curated/en/2016/10/26867940/firm-financing-chile-after-2014-15-tax-reform-debt-or-equity
http://hdl.handle.net/10986/25305

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