Three Essays in Corporate Finance and Banking

Chapter III examines how a firm's financial decisions are influenced by both its corporate tax status as well as the personal tax status of its particular investors. Using the Tax Reform Act of 1986 as exogenous shock to firms' tax status, I model how a firm with a specific investor tax clientele should react to such changes if it sought to minimize its clientele's overall tax burden. The model is tested and shows strong evidence that firms indeed minimize taxes in a way that recognizes their investors' particular tax clientele.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Finance

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Campello, Murillo Netto Carneiro

Contributors dc:contributor

• Michael S. Weisbach
• Pennacchi, George G.

• Business Administration, Banking

Language dc:language

eng

Identifier

(MiAaPQ)AAI9989949

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/87451