This book provides a comprehensive overview of the implications of tax avoidance for a firm’s capital structure, highlighting the key role played by free cash flow and agency conflicts. The book explores the role of free cash flow and agency conflicts in the relationship between tax avoidance and capital structure.
Alessandro Gabrielli is a postdoctoral researcher in the Department of Economics and Management at the University of Pisa, Italy. His main research interests concern the role of tax losses in businesses’ corporate reorganization decisions, the relationship between tax avoidance and capital structure and the assessment of tax information as bankruptcy predictors.