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L'incidence de la fiscalité sur l'évolution des structures d’endettement des entreprises françaises - The incidence of the corporate income taxes on the evolution of capital structure

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  • Evelyne Poincelot

    (Université de Bourgogne)

Abstract

(VF) L’objectif principal de l’article est de déterminer l'incidence de la fiscalité sur l’évolution des structures d’endettement des entreprises françaises sur la période 1988-1998. Nous souhaitons vérifier le conditionnement externe de la structure d’endettement, en traitant de l'influence directe de la fiscalité puis de son influence indirecte en étudiant le rôle de la variable fiscale sur les déterminants “traditionnels” de la structure de financement. Nous développons en conclusion une piste de recherche pour expliquer que des entreprises présentent une évolution de la structure financière contraire ou atténuée par rapport à la tendance générale.(VA)The principal purpose of this paper is to determine the incidence of the corporate income taxes which explains directly or indirectly (with an incidence on the traditional variables of the determination of capital structures) the global evolution of capital structures of french firms over the period 1988 and 1998. We provide too the possible reason which justifies why some firms have an evolution of capital structure in the opposite direction or in attenuated way in comparison with the general tendency.

Suggested Citation

  • Evelyne Poincelot, 2004. "L'incidence de la fiscalité sur l'évolution des structures d’endettement des entreprises françaises - The incidence of the corporate income taxes on the evolution of capital structure," Working Papers CREGO 1040901, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    • Handle: RePEc:dij:wpfarg:1040901
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    structure de financement; endettement; fiscalité;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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