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A South African perspective on the existence of an interest tax shield
This paper investigates whether the use of debt in the capital structure of a company is beneficial to its shareholders. It finds that, in the South African context, gearing has no effect on the value of a company. The use of debt can increase the value of a company in a country where capital profit...
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| Main Authors: | , |
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| Format: | Artigo |
| Sprog: | Inglês |
| Udgivet: |
AOSIS
2000-06-01
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| Serier: | South African Journal of Economic and Management Sciences |
| Online adgang: | https://sajems.org/index.php/sajems/article/view/2613 |
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