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An Equilibrium Analysis of Debt Financing under Costly Tax Arbitrage and Agency Problems

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  • Barnea, Amir
  • Haugen, Robert A
  • Senbet, Lemma W
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    Article provided by American Finance Association in its journal Journal of Finance.

    Volume (Year): 36 (1981)
    Issue (Month): 3 (June)
    Pages: 569-81

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    Handle: RePEc:bla:jfinan:v:36:y:1981:i:3:p:569-81

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    Cited by:
    1. Broll, Udo & Wong, Keith K.P., 2010. "The firm under uncertainty: capital structure and background risk," Dresden Discussion Paper Series in Economics 04/10, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
    2. David DeBoskey & Peter Gillett, 2013. "The impact of multi-dimensional corporate transparency on us firms’ credit ratings and cost of capital," Review of Quantitative Finance and Accounting, Springer, vol. 40(1), pages 101-134, January.
    3. A. A. Bevan & J. Danbolt, 2004. "Testing for inconsistencies in the estimation of UK capital structure determinants," Applied Financial Economics, Taylor & Francis Journals, vol. 14(1), pages 55-66.
    4. Yair E. Orgler & Robert A. Taggart, Jr., 1981. "Implications of Corporate Capital Structure Theory for Banking Institutions," NBER Working Papers 0737, National Bureau of Economic Research, Inc.
    5. Hasan, Iftekhar & Hoi, Chun-Keung (Stan) & Wu, Qiang & Zhang, Hao, 2014. "Beauty is in the eye of the beholder: The effect of corporate tax avoidance on the cost of bank loans," Research Discussion Papers 3/2014, Bank of Finland.
    6. Anderson, Ronald C. & Mansi, Sattar A. & Reeb, David M., 2003. "Founding family ownership and the agency cost of debt," Journal of Financial Economics, Elsevier, vol. 68(2), pages 263-285, May.
    7. Ettore Crocia & John A. Doukas & Halit Gonenc, 2010. "Family Control and Financing Decisions," Koç University-TUSIAD Economic Research Forum Working Papers 1004, Koc University-TUSIAD Economic Research Forum.
    8. Picou, Armand & McDaniel, William R. & Rosenberg, Sidney, 1996. "Resolving international agency cost in East/West joint ventures," Global Finance Journal, Elsevier, vol. 7(1), pages 115-127.
    9. Strulik, Holger, 2003. "Capital tax reform, corporate finance, and economic growth and welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 28(3), pages 595-615, December.
    10. Murizah Osman Salleh & Aziz Jaafar & M. Shahid Ebrahim, 2011. "The Inhibition of Usury (Riba An-Nasi'ah) and the Economic Underdevelopment of the Muslim World," Working Papers 11002, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    11. Broll, Udo & Wong, Kit Pong, 2003. "Capital structure and the firm under uncertainty," Dresden Discussion Paper Series in Economics 20/03, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
    12. Christopher James, 1987. "Off-balance sheet banking," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 21-36.
    13. Wald, John K. & Long, Michael S., 2007. "The effect of state laws on capital structure," Journal of Financial Economics, Elsevier, vol. 83(2), pages 297-319, February.
    14. Douglas Gale & Piero Gottardi, 2013. "Capital Structure and Investment Dynamics with Fire Sales," Economics Working Papers ECO2013/09, European University Institute.
    15. Robert S. Chirinko, 1986. "Tobin's Q and Financial Policy," NBER Working Papers 2082, National Bureau of Economic Research, Inc.
    16. Simon, David P., 1996. "An empirical reconciliation of the Miller model and the generalized capital structure models," Journal of Banking & Finance, Elsevier, vol. 20(1), pages 41-56, January.
    17. Holger Strulik, 2003. "Supply-Side Economics of Germany's Year 2000 Tax Reform: A Quantitative Assessment," German Economic Review, Verein für Socialpolitik, vol. 4(2), pages 183-202, 05.
    18. Clara Cardone & María J. Casasola, 2003. "What Do We Know About The Financial Behaviour Of The Spanish Sme?: An Empirical Analysis," Business Economics Working Papers wb033708, Universidad Carlos III, Departamento de Economía de la Empresa.

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