Taxes and Corporate Finance: A Review

By John R. Graham. 2003

744 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/dcf04b26fa3307565995b87d582b89084fda5428

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Citations in the corpus

Trade-Off and Pecking Order Theories of Debt (2007, background): “Graham (2003) provides a useful review of the literature on the tax effects.”
Company stock price reactions to the 2016 election shock: Trump, taxes, and trade (2018, background): “not all unremitted foreign earnings are designated as indefinitely reinvested, Graham et al. (2011) survey tax executives and find that more”
Carbon risk and corporate capital structure (2020, positive): “Since the relation between carbon risk and market leverage could be driven by the fluctuation in stock prices rather than the change in financing policies (Welch 2004) and managers typically rely on book leverage to make capital structure decisions (Graham 2003; Serfling 2016), we use book leverage ”
Firing Costs and Capital Structure Decisions (2016, neutral): “Under the traditional trade-off theory of capital structure, firms weigh the benefits from tax shields against financial distress costs (e.g., Kraus and Litzenberger (1973), Scott (1976), Bradley, Jarrell, and Kim (1984), Graham (2003)).”
Determinants of capital structure: evidence from Turkish lodging companies. (2009, background): “EFT and debt level (Brigham and Houston, 2004; DeAngelo and Masulis, 1980; Graham, 2003; Qian et al., 2007).”
Capital Structure Decisions: Which Factors are Reliably Important? (2009, neutral): “As discussed by Myers (1984), market timing is a relatively old idea that is having a new surge of popularity in the academic literature.”
Taxes and Corporate Policies: Evidence from a Quasi Natural Experiment: Taxes and Corporate Policies (2015, neutral): “Without a sizable and unambiguous change in tax policy, it is also difficult to examine the impact on a range of interrelated corporate policies, which as Graham (2003) suggests, offers significant potential to separate tax from nontax interpretations.”
Corporate tax, capital structure, and the accessibility of bank loans: Evidence from China (2009, background): “1 For more details on theories of the relationship between tax and capital structure, please refer to Graham (2003). and Zingales (1995) indicate that different measurements of personal tax will substantially affect the conclusions.2 In this paper, we examine a unique circumstance in China in which…”
Tax Rates and Corporate Decision Making (2017, neutral): “Taxes represent a significant cost for most profitable corporations and, thus, are an important input into many corporate decisions (see Shackelford and Shevlin (2001), Graham (2003), and Hanlon and Heitzman (2010) for reviews).”
Capital Structure Choice and Company Taxation: A Meta-Study (2013, neutral): “Finally, we clearly benefit from insightful work put forward by, for example, Graham (2003), Frank and Goyal (2007) or Lemmon et al. (2008).”
INTERNAL DEBT AND MULTINATIONAL PROFIT SHIFTING: EMPIRICAL EVIDENCE FROM FIRM-LEVEL PANEL DATA (2013, background): “As a result, the value of a firm depends on its leverage (see Myers, 2001; Auerbach, 2002; Graham, 2003).”
Corporate Tax Avoidance and Stock Price Crash Risk: Firm-Level Analysis (2011, neutral): “…book-tax differences and declining effective tax rates for U.S. public corporations since the mid-1990s have stimulated researchers to investigate the determinants and consequences of corporate tax avoidance activities (Desai and Dharmapala, 2009b; Graham, 2003; Shackelford and Shevlin, 2001).”
Corporate Zombies: Anatomy and Life Cycle (2020, background): “Indeed, empirical evidence suggests that leverage tends to be positively related to the corporate tax rate (Graham (2003), Feld et al.”
Taxes, Theft, and Firm Performance (2011, neutral): “I would also like to thank financial support from the Spanish Ministry of Science and Innovation Research #ECO201017625 The role of taxation constitutes a core research area in corporate finance (see Graham (2003) for a literature review).”
Optimal Bank Capital (2013, neutral): “financial structure (Auerbach, 2002; Graham, 2003; Cheng and Green, 2008).”