Rossi, Valerio (A.A. 2024/2025) Capital structure strategies and tax advantages: an empirical analysis of the impact of debt on firms. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 86. [Master's Degree Thesis]

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Abstract/Index

Theoretical foundation. Theories of capital structure. Modigliani & Miller theorem (1958;1963). Trade-off theory. Pecking order theory. Market timing theory. The role of fiscal policies in corporate financial decisions. Tax policies, tax shields, and capital structure. Definition and mechanisms of tax shields. The impact of tax policies on corporate capital structure. Effects of tax reforms on debt financing decisions. Relationship between corporate tax rate and leverage decisions. Sectoral analysis: the influence of industry characteristics on tax shield utilization. Methodology of analysis. Purpose of the analysis. Database construction. Variables overview. Methodological framework. Data limitations. Empirical analysis. Descriptive statistics and sample composition. Theoretical framework and model specification. Regression analysis for ROA. Regression analysis for ROE. Size analysis. Regression results for ROE by sector. Growth metrics by size: linking with previous analyses.

References

Bibliografia: pp. 82-86.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree Program in Strategic Management (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Murro, Pierluigi
Thesis Co-Supervisor:	Rossi, Matteo
Academic Year:	2024/2025
Session:	Summer
Deposited by:	Alessandro Perfetti
Date Deposited:	30 Sep 2025 10:21
Last Modified:	30 Sep 2025 10:21
URI:	https://tesi.luiss.it/id/eprint/43376

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