The boom in corporate restructuring, accompanied by large increases in debt finance, was one of the most important developments in the U.S. economy in the 1980s. Financial and tax specialists analyze how the U.S. tax system-especially in its bias toward debt financing-has affected corporate financial decisions and influenced the recent wave of corporate restructuring. The authors evaluate the hypothesis that the rise in the cost of capital during the 1980s helped stimulate the surge in corporate takeovers. They analyze ...

Debt, Taxes and Corporate Restructuring 1990, Brookings Institution Press, Washington, DC

ISBN-13: 9780815778837

Trade paperback

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Debt, Taxes and Corporate Restructuring 1990, Brookings Institution Press, Washington, DC

ISBN-13: 9780815778844

Hardcover

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