Chapter
Sep 25, 2015
Correlation of Corporate Income Tax and Debt Financing: An Analysis for the Real Estate Industry
Publication: ICCREM 2015
Abstract
The real estate industry is characterized by high investment and high fund demand. As a result, a reasonable capital structure is very important to it. Based on the analysis of current research about the corporate income tax and debt financing at home and abroad, combined with the amended Modigliani-Miller, trade-off and pecking order theories, this paper selects the real estate company data from 2009 to 2013 as research samples and analyzes the correlation between the corporate income tax burden and debt financing through empirical study. Moreover, the correlation between no-debt tax shield and debt financing is studied at the same time. This study aims to help the real estate industry ensure its reasonable proportion of financing and optimize its capital structure.
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Published In
ICCREM 2015
Pages: 1063 - 1069
Copyright
© 2015 American Society of Civil Engineers.
History
Published online: Sep 25, 2015
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Postgraduate, Department of Accounting, Harbin Institute of Technology, Harbin 150001, China. E-mail: [email protected]
Associate Professor, Department of Accounting, Harbin Institute of Technology, Harbin 150001, China. E-mail: [email protected]
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.