Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking
收藏数据链接：
官方服务：
资源简介：
Using 113 staggered changes in corporate income tax rates across U.S. states, we provide evidence on how taxes affect corporate risk-taking decisions. Higher taxes reduce expected profits more for risky projects than for safe ones, as the government shares in a firms upside but not in its downside.
提供机构：
美国国家经济研究局创建时间：
2016-01-01
