Using the operationalization of cross-border, intragroup hybrid finance, we experimentally investigate the effect of legal uncertainty and of cost of tax complexity on the decision to engage in tax planning. Our results show that overall tax complexity costs do have a negative effect on the choice of a hybrid finance instrument. However, the decision maker’s risk preferences moderate the impact of the two variables.
|Pages (from-to)||169 - 186|
|Journal||Die Betriebswirtschaft (DBW)|
|Publication status||Published - 2016|
Austrian Classification of Fields of Science and Technology (ÖFOS)
- 502052 Business administration
- 502035 Auditing and trusts
- 502038 Taxation