Professor of Finance, Universidad Tecnologica de Bolivar Department of Finance and International Business - Instituto de Estudios para el Desarrollo (IDE), Colombia

5 years
Risky Tax Shields and Risky Debt: An Exploratory Study

Abstract This paper identifies three sources of risk for tax shields (TS): two of them associated with debt risk and one associated to operating risk. A set of conditions for defining risky debt as...

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