Tax Asymmetries, the Cost of Capital and Investment: Some Evidence from United Kingdom Panel Data

1989 ◽  
Vol 99 (395) ◽  
pp. 103 ◽  
Author(s):  
Michael Devereux
Keyword(s):  
United Kingdom ◽  
Panel Data ◽  
Cost Of Capital ◽  
The Cost

scholarly journals At A Cost

2021 ◽  
Vol 21 (23) ◽  
Author(s):  
Ruud A. Mooij ◽  
Li Liu
Keyword(s):  
Panel Data ◽  
Multinational Corporations ◽  
Cost Of Capital ◽  
Multinational Companies ◽  
Safe Haven ◽  
Corporate Tax ◽  
Profit Shifting ◽  
Tax Rate ◽  
The Cost ◽  
Thin Capitalization

Thin capitalization rules (TCRs) aim to mitigate profit shifting by multinational corporations (MNCs) but, by raising the cost of capital for affected affiliates, can also negatively affect real investment. Exploiting unique panel data on multinational companies in 34 countries during 2006-2014, we estimate that the size of this adverse investment effect can be large, and dependent on the statutory corporate tax rate and the tightness of the safe-haven ratio. Negative investment effects are more pronounced for highly-levered firms for which TCRs are more likely to be binding.

scholarly journals Pengaruh Informasi Asimetri dan Voluntary Disclosure terhadap Cost of Capital pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

2013 ◽  
Vol 3 (1) ◽  
Author(s):  
Indayani, Dewi Mutia
Keyword(s):  
Panel Data ◽  
Voluntary Disclosure ◽  
Cost Of Capital ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Listed Companies ◽  
Population Total ◽  
Asymmetry Information ◽  
The Cost

The aim of this research is to examine the influence of asymmetry information and voluntarydisclosure, both simultaneously and partially, toward cost of capital on listed companies fromthe manufacturing sector at the Indonesia Stock Exchange (BEI) for the year 2007-2010. Byusing census method and balanced panel data, there are 26 of the population total from companiesof manufacturing sector fulfill the population criteria during 4 years of the observation. Theresults show that (1) asymmetry information and voluntary disclosure simultaneously haveinfluence toward the cost of capital on listed companies from the manufacturing sector at theIndonesia Stock Exchange (2) asymmetry information has influence toward the cost of capital onlisted companies from the manufacturing sector at the Indonesia Stock Exchange (3) voluntarydisclosure has influence toward the cost of capital on listed companies from the manufacturingsector at the Indonesia Stock Exchange.Keywords: Cost of capital, asymmetry information, and voluntary disclosure

An Introduction to the Cost of Capital

2010 ◽  
Author(s):  
Ignacio Velez-Pareja ◽  
Joseph Tham
Keyword(s):  
Cost Of Capital ◽  
The Cost

Institutional Investors, Private Information, and the Cost of Capital

2011 ◽  
Author(s):  
Huong Giang (Lily) Nguyen ◽  
Xiangkang Yin ◽  
Luong Hoang Luong
Keyword(s):  
Private Information ◽  
Institutional Investors ◽  
Cost Of Capital ◽  
The Cost
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