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Leverage: The Tax Incentives

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  • Harold M. Somers

    (UCLA)

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  • Harold M. Somers, 1991. "Leverage: The Tax Incentives," UCLA Economics Working Papers 625, UCLA Department of Economics.
    • Handle: RePEc:cla:uclawp:625
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    File URL: http://www.econ.ucla.edu/workingpapers/wp625.pdf
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    References listed on IDEAS

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    1. David A. Butz, 1989. "A Theory of Bust-Up Takeovers and Takeover Defenses," UCLA Economics Working Papers 567, UCLA Department of Economics.
    2. Auerbach, Alan J, 1991. "Retrospective Capital Gains Taxation," American Economic Review, American Economic Association, vol. 81(1), pages 167-178, March.
    3. Michael C. Jensen, 2010. "Active Investors, LBOs, and the Privatization of Bankruptcy," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 77-85, January.
    4. Gerardi, Geraldine & Graetz, Michael J. & Rosen, Harvey S., 1990. "Corporate Integration Puzzles," National Tax Journal, National Tax Association, vol. 43(3), pages 307-14, September.
    5. Stephen F. LeRoy, 1990. "Capital market efficiency: an update," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 29-40.
    6. Merton H. Miller, 1989. "The Modigliani‐Miller Propositions After Thirty Years," Journal of Applied Corporate Finance, Morgan Stanley, vol. 2(1), pages 6-18, March.
    7. Steven N. Kaplan, 1993. "The Staying Power Of Leveraged Buyouts," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(1), pages 15-24, March.
    8. Bagwell, Laurie Simon & Shoven, John B, 1989. "Cash Distributions to Shareholders," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 129-140, Summer.
    9. Gerald E. Auten & Joseph J. Cordes, 1991. "Policy Watch: Cutting Capital Gains Taxes," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 181-192, Winter.
    10. James M. Poterba, 1991. "Dividends, Capital Gains, and the Corporate Veil: Evidence from Britain, Canada, and the United States," NBER Chapters, in: National Saving and Economic Performance, pages 49-74, National Bureau of Economic Research, Inc.
    11. Steven N. Kaplan & Jeremy C. Stein, 1990. "How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations," NBER Working Papers 3390, National Bureau of Economic Research, Inc.
    12. Poterba, J.M., 1989. "Dividends, Capital Gains, & The Corporate Veil: Evidence From Britain, Canada, And The United States," Working papers 519, Massachusetts Institute of Technology (MIT), Department of Economics.
    13. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    14. Frederic S. Mishkin, 1990. "Financial Innovation and Current Trends in U.S. Financial Markets," NBER Working Papers 3323, National Bureau of Economic Research, Inc.
    15. Gerardi, Geraldine & Graetz, Michael J. & Rosen, Harvey S., 1990. "Corporate Integration Puzzles," National Tax Journal, National Tax Association;National Tax Journal, vol. 43(3), pages 307-314, September.
    16. Scholes, Myron S & Wolfson, Mark A, 1990. "The Effects of Changes in Tax Laws on Corporate Reorganization Activity," The Journal of Business, University of Chicago Press, vol. 63(1), pages 141-164, January.
    17. Myron S. Scholes & Mark A. Wolfson, 1989. "Converting Corporations to Partnerships through Leverage: Theoretical and Practical Impediments," NBER Working Papers 3092, National Bureau of Economic Research, Inc.
    18. Kaplan, Steven N & Weisbach, Michael S, 1992. "The Success of Acquisitions: Evidence from Divestitures," Journal of Finance, American Finance Association, vol. 47(1), pages 107-138, March.
    19. Paul M. Healy & Krishna G. Palepu & Richard C. Rubak, 1990. "Does Corporate Performance Improve After Mergers?," NBER Working Papers 3348, National Bureau of Economic Research, Inc.
    20. Andrei Shleifer & Robert W. Vishny, 1991. "Asset Sales and Debt Capacity," NBER Working Papers 3618, National Bureau of Economic Research, Inc.
    21. Frederick T. Furlong & Michael R. Weiss, 1990. "Corporate cash flow and investment," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may11.
    22. Richard H. Jefferis, 1990. "The high-yield debt market: 1980-1990," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
    23. Kaplan, Steven N. & Stein, Jeremy C., 1990. "How risky is the debt in highly leveraged transactions?," Journal of Financial Economics, Elsevier, vol. 27(1), pages 215-245, September.
    24. Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-275, May.
    25. Kiefer, Donald W., 1990. "Lock-in Effect Within a Simple Model of Corporate Stock Trading," National Tax Journal, National Tax Association;National Tax Journal, vol. 43(1), pages 75-94, March.
    26. Frederick T. Furlong, 1989. "Corporate debt," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue nov24.
    27. Rama Seth, 1990. "Is rising leverage a problem?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar30.
    28. Jensen, Michael C, 1988. "Takeovers: Their Causes and Consequences," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 21-48, Winter.
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