Multinationals, minority ownership and tax-efficient financing structures
MetadataVis full innførsel
- Discussion papers (FOR) 
We model how multinationals structure their borrowing and lending transactions and find that affiliates in high-tax countries have higher internal and overall debt ratios and lower rental rates of physical capital than comparable domestic firms. We also show that affiliates with minority owners have less debt than wholly owned affiliates.
UtgiverNorwegian School of Economics and Business Administration. Department of Finance and Management Science