Debt Tax, and Systematic Risk
The research finds that a rise in a company's debt share in its capital structure results in a higher required return on equity due to increased financial risk, with corporate income tax reducing the beta coefficient of debt-financed firms.
Featured in No. 91 on 2 Apr 2025 ·
- Released
- 11 Sep 2023
- First featured
- No. 91 · 2 Apr 2025
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 5200576
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