LAUSR

Bank Taxes, Leverage, and Risk

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2 Published in 2018 at "Journal of Financial Services Research"

DOI: 10.1007/s10693-016-0265-y

Abstract: We use staggered changes in the taxation of banks by U.S. states to show how banks adjust their capital structure in response to taxes. A one percentage point increase in the income tax rate leads… read more here.

Keywords: risk; taxes leverage; leverage risk; leverage ... See more keywords