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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Portal, M. T.  & Laureano, L. (2017). Does Brazilian allowance for corporate equity reduce the debt bias? Evidences of rebound effect and ownership-induced ACE clientele. Research in International Business and Finance. 42, 480-495
Exportar Referência (IEEE) 
M. T. Portal and L. M. Laureano,  "Does Brazilian allowance for corporate equity reduce the debt bias? Evidences of rebound effect and ownership-induced ACE clientele", in Research in Int. Business and Finance, vol. 42, pp. 480-495, 2017
Exportar BibTeX 
@article{portal2017_1732198628813,
	author = "Portal, M. T.  and Laureano, L.",
	title = "Does Brazilian allowance for corporate equity reduce the debt bias? Evidences of rebound effect and ownership-induced ACE clientele",
	journal = "Research in International Business and Finance",
	year = "2017",
	volume = "42",
	number = "",
	doi = "10.1016/j.ribaf.2016.12.005",
	pages = "480-495",
	url = "http://www.sciencedirect.com/science/article/pii/S027553191630099X"
}
Exportar RIS 
TY  - JOUR
TI  - Does Brazilian allowance for corporate equity reduce the debt bias? Evidences of rebound effect and ownership-induced ACE clientele
T2  - Research in International Business and Finance
VL  - 42
AU  - Portal, M. T. 
AU  - Laureano, L.
PY  - 2017
SP  - 480-495
SN  - 0275-5319
DO  - 10.1016/j.ribaf.2016.12.005
UR  - http://www.sciencedirect.com/science/article/pii/S027553191630099X
AB  - We analyse if the Brazilian Allowance for Corporate Equity (ACE-type system) reduces the debt tax bias. Specifically, we study if the continuous treatment effect of interest on equity negatively affects the level of financial leverage. We find that the tax policy implemented is similar to the deductible cash dividends and not to an ACE. The empirical implication is that the interest on equity treatment increases the debt tax bias, producing a rebound effect to what is expected for this policy on the risk-taking behaviour and corporate capital structure. This rebound effect is homogeneous in firms with different financial constraints status. There are evidences that shareholders influence the cash distribution policy, adjusting the later to their own tax preferences. Therefore, there may be an “ACE clientele effect” induced by heterogeneity in tax preferences among shareholders.
ER  -