gearing ratio Archives - IREF Europe https://en.irefeurope.org/tag/gearing-ratio/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Mon, 22 Apr 2013 16:04:20 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png gearing ratio Archives - IREF Europe https://en.irefeurope.org/tag/gearing-ratio/ 32 32 Effects of taxation on European multi-nationals’ financing and profits https://en.irefeurope.org/publications/online-articles/article/effects-of-taxation-on-european-multi-nationals-financing-and-profits-2/?utm_source=rss&utm_medium=rss&utm_campaign=effects-of-taxation-on-european-multi-nationals-financing-and-profits-2 https://en.irefeurope.org/publications/online-articles/article/effects-of-taxation-on-european-multi-nationals-financing-and-profits-2/#respond Mon, 22 Apr 2013 16:04:20 +0000 https://en.irefeurope.org/publications/online-articles/effects-of-taxation-on-european-multi-nationals-financing-and-profits-2/ The new IREF paper of Stefan Lutz, from the University of Manchester, UK, and the Universidad Complutense de Madrid, Spain, points out that if it is apparent that companies do not welcome taxation, the main reason is that taxes reduce profits: shareholders are disappointed and the prospects for investments and development are penalized. This paper, however, concentrates on how companies react to taxation by changing their “gearing ratio”, i.e. the compositions of the financial resources at their disposal by investigating a panel of 240,000 European firms during the 1985-2010 period.

The post Effects of taxation on European multi-nationals’ financing and profits appeared first on IREF Europe.

]]> https://en.irefeurope.org/publications/online-articles/article/effects-of-taxation-on-european-multi-nationals-financing-and-profits-2/feed/ 0