Taxes and Capital Structure

By Mara Faccio, Jin Xu. Journal of Financial and Quantitative Analysis, 2015

165 citations recorded by the source corpus.

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An empirical investigation of capital structure and firm value in Vietnam (2017, background): “Since the pioneering research of Modigliani and Miller (1958) , researchers have been following and extending their work to develop theories that explain capital structure decisions; most recently Xu (2012) , Faccio and Xu (2015) , Fauver and McDonald (2015) and Serfling (2016) .”
As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes (2015, unknown): “Faccio and Xu (2013) use variation in tax rates across and”
Dividends and economic policy uncertainty: International evidence (2021, unknown): “We adjust standard errors for clustering at the country level in Model 5, and use two-way clustering at both the country-year and the firm level in Model 6 following Faccio and Xu (2015). We find that EPU loads significantly positively in Models 1 to 6, suggesting that our previous findings are not ”