International debt shifting and multinational firms in developing economies

Clemens Fuest (), Shafik Hebous () and Nadine Riedel

Economics Letters, 2011, vol. 113, issue 2, pages 135-138

Abstract: We present empirical evidence suggesting that the effect of the host country corporate tax rate on the debt ratio of multinational affiliates in developing economies is positive and larger than the same effect for affiliates in developed economies.

Keywords: International debt shifting; Capital structure; Corporate taxation; Developing economies (search for similar items in EconPapers)
JEL-codes: H O O (search for similar items in EconPapers)
Date: 2011
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:2:p:135-138

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