Risky tax shields and risky debt: An exploratory study
This article (1) identifies three sources of risk for tax shields (TS): Two of them are associated with debt risk and one is associated with operating risk. (2) A set of conditions for defining risky debt associated with cash flow, not with earnings, is presented. (3) It further shows that realizati...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2010
- Institución:
- Universidad Tecnológica de Bolívar
- Repositorio:
- Repositorio Institucional UTB
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.utb.edu.co:20.500.12585/9119
- Acceso en línea:
- https://hdl.handle.net/20.500.12585/9119
- Palabra clave:
- Cash flows
Discount rate for tax shields
Firm valuation
Montecarlo simulation
Tax shields
Weighted average cost of capital
- Rights
- restrictedAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/