%0 Journal Article 
%T Tax shields in Colombia and their effect on leverage and investments
%D 2014
%@ 1012-8255
%U http://hdl.handle.net/10906/79784
%X The is article studies the determin ing factors of leverage and investment for Colombian companies between 1995 and 2009. Regarding leverage we test ed the predictions of the t rade - o ff and p ecking o rder t heories, particularly the impact of tax incentives and interest rates. We f ou nd that leverage decreased after enacting the tax incentive of 2003 and tha t interest rate s increase leverage. We d id not find any strong evidence of greater investment as a result of tax incentives.
%K Economía
%K Negocios y management
%K Economics
%K Business
%K Capital
%K Financiación
%K Inversión
%K Ahorro
%~ GOEDOC, SUB GOETTINGEN