{"id":"https://openalex.org/W1520100628","doi":"https://doi.org/10.2139/ssrn.1102168","title":"Leverage Dynamics, the Endogeneity of Corporate Tax Status and Financial Distress Costs, and Capital Structure","display_name":"Leverage Dynamics, the Endogeneity of Corporate Tax Status and Financial Distress Costs, and Capital Structure","publication_year":2008,"publication_date":"2008-01-01","ids":{"openalex":"https://openalex.org/W1520100628","doi":"https://doi.org/10.2139/ssrn.1102168","mag":"1520100628"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.1102168","doi":"https://doi.org/10.2139/ssrn.1102168","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1102168","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1102168","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045150154","display_name":"Evangelos C. Charalambakis","orcid":"https://orcid.org/0000-0001-6484-4956","observed_orcids":["https://orcid.org/0000-0001-6484-4956"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Evangelos Charalambakis","raw_affiliation_strings":["Bank of Greece, 21 E. Venizelos Avenue, GR 102 50 Athens, Greece","Bank of Greece"],"raw_orcid":"https://orcid.org/0000-0001-6484-4956","affiliations":[{"raw_affiliation_string":"Bank of Greece, 21 E. Venizelos Avenue, GR 102 50 Athens, Greece","institution_ids":[]},{"raw_affiliation_string":"Bank of Greece","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5048765184","display_name":"Susanne K. Espenlaub","orcid":"https://orcid.org/0000-0003-1020-9820","observed_orcids":["https://orcid.org/0000-0003-1020-9820"]},"institutions":[{"id":"https://openalex.org/I28407311","display_name":"University of Manchester","ror":"https://ror.org/027m9bs27","country_code":"GB","type":"education","lineage":["https://openalex.org/I28407311"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Susanne Espenlaub","raw_affiliation_strings":["University of Manchester - Manchester Business School, Booth Street West, Manchester, M15 6PB, United Kingdom","University of Manchester - Manchester Business School"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Manchester - Manchester Business School, Booth Street West, Manchester, M15 6PB, United Kingdom","institution_ids":["https://openalex.org/I28407311"]},{"raw_affiliation_string":"University of Manchester - Manchester Business School","institution_ids":["https://openalex.org/I28407311"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5082477964","display_name":"Ian Garrett","orcid":"https://orcid.org/0000-0002-5634-1088","observed_orcids":["https://orcid.org/0000-0002-5634-1088"]},"institutions":[{"id":"https://openalex.org/I28407311","display_name":"University of Manchester","ror":"https://ror.org/027m9bs27","country_code":"GB","type":"education","lineage":["https://openalex.org/I28407311"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Ian Garrett","raw_affiliation_strings":["Manchester Business School, Manchester, United Kingdom","Manchester Business School"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Manchester Business School, Manchester, United Kingdom","institution_ids":["https://openalex.org/I28407311"]},{"raw_affiliation_string":"Manchester Business School","institution_ids":["https://openalex.org/I28407311"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5045150154"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9520999789237976,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9520999789237976,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.015699999406933784,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.009200000204145908,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9359999895095825},{"id":"https://openalex.org/keywords/leverage-dynamics","display_name":"leverage dynamics","score":0.9800000190734863},{"id":"https://openalex.org/keywords/corporate-tax-rates","display_name":"corporate tax rates","score":0.7850000262260437},{"id":"https://openalex.org/keywords/financial-distress-costs","display_name":"financial distress costs","score":0.7689999938011169},{"id":"https://openalex.org/keywords/endogeneity","display_name":"endogeneity","score":0.6460000276565552},{"id":"https://openalex.org/keywords/tax-shields","display_name":"tax shields","score":0.4480000138282776},{"id":"https://openalex.org/keywords/trade-off-theory","display_name":"trade-off theory","score":0.8569999933242798},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.6079999804496765}],"concepts":[{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.8336343169212341},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.764161229133606},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.710019588470459},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.7078868746757507},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5018770694732666},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4966731667518616},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49027112126350403},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.4510275423526764},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3723219931125641},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.33371502161026},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.151035875082016},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.1448570191860199},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.1102168","doi":"https://doi.org/10.2139/ssrn.1102168","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1102168","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1102168","doi":"https://doi.org/10.2139/ssrn.1102168","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1102168","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W1495656322","https://openalex.org/W1997500202","https://openalex.org/W2000578291","https://openalex.org/W2048801439","https://openalex.org/W2071659251","https://openalex.org/W2115846503","https://openalex.org/W2124532504","https://openalex.org/W2143437037","https://openalex.org/W2167351159","https://openalex.org/W2232999985","https://openalex.org/W3122589234","https://openalex.org/W3124408334","https://openalex.org/W3125168868"],"related_works":["https://openalex.org/W2566947950","https://openalex.org/W1590286693","https://openalex.org/W4400120901","https://openalex.org/W4246259718","https://openalex.org/W1579131333","https://openalex.org/W1686590679","https://openalex.org/W7162105330","https://openalex.org/W1978374797","https://openalex.org/W7098175743","https://openalex.org/W2347304137"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2016-06-24T00:00:00"}
