Employee Stock Options, Corporate Taxes, and Debt Policy

By J. D. Villiers. 2005

162 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a20fc645fc1c69b0c715ec9be1a8940e03255f72

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In Strategy and Management

Citations in the corpus

How Do Pensions Affect Corporate Capital Structure Decisions (2010, unknown): “Graham, Lang, and Shackelford (2004) show that tax deductions for employee stock options explain why high growth companies in the NASDAQ 100 use little debt.”
Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking (2017, unknown): “2015), dividend payouts (Moser 2007), compensation (Graham, Lang, and Shackelford 2004; Dhaliwal, Erickson, and Heitzman 2009), hedging policies (Graham and Smith 1999; Graham and Rogers 2002), and organizational form and corporate restructuring (Shevlin 1987; Ayers, Cloyd, and Robinson 1996;…”
Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income (2003, background): “Mills and Plesko 17 3/4/2003 in the stockholders equity accounts, and described in the related footnote (see also Graham et al. 2003, Manzon and Plesko 2002 and Shevlin 2002).”
Capital Structure Choice and Company Taxation: A Meta-Study (2013, unknown): “While, for example, Gordon and Lee (2001) have estimated tax coefficients based on data for a period from 1954 to 1995, other studies, e.g. Graham et al. (2004), provide evidence based on year 2000 data.”
Using tax return data to simulate corporate marginal tax rates (2008, unknown): “current tax expense (Hanlon and Shevlin 2002; Graham 2003; Graham et al. 2004).”
The Mystery of Zero-Leverage Firms (2013, unknown): “Graham and Narasimhan (2004) and Malmendier, Tate, and Yan (2011) show that CEO characteristics such as overconfidence and Great Depression experience cause managers to reduce leverage.”
Employee Treatment and Firm Leverage: A Test of the Stakeholder Theory of Capital Structure (2011, unknown): “Fifth, Graham (1996) finds that a firm’s marginal tax rate is positively related to its debt issuances, and Graham, Lang, and Shackelford (2004) find that, at least for some firms, a deduction in employee stock options reduces the marginal tax rate.”