Pouring Oil on Fire: Interest Deductibility and Corporate Debt

Pouring Oil on Fire: Interest Deductibility and Corporate Debt PDF

Author: Pietro Dallari

Publisher: International Monetary Fund

Published: 2018-12-07

Total Pages: 42

ISBN-13: 1484389107


This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage, for both small and medium-sized enterprises and larger firms, with its effect accounting for about a quarter of leverage. The strength of this effect differs with firm size, the availability of collateral, income and income volatility, cash flow, and capital intensity. We conclude that leveling the playing field between debt and equity finance through tax policy reform would decrease NFC leverage, reducing economic risks posited by leverage.

Insects, Fire and Conservation

Insects, Fire and Conservation PDF

Author: Tim R. New

Publisher: Springer

Published: 2014-09-03

Total Pages: 208

ISBN-13: 3319080962


A global synthesis of the impacts of wildfires and controlled burning on insects, bringing together much hitherto scattered information to provide a guide to improved conservation management practice. The great variety of responses by insect species and assemblages demonstrates the often subtle balance between fire being a severe threat and a vital management component. Examples from many parts of the world and from diverse biotopes and production systems display the increasingly detailed appreciation of fire impacts on insects in terrestrial and freshwater environments and the ways in which prescribed burning may be tailored to reduce harmful ecological impacts and incorporated into protocols for threatened species and wider insect conservation benefits.

Variation in estimates of fire intervals

Variation in estimates of fire intervals PDF

Author: Stephen F. Arno


Published: 1982

Total Pages: 12



The authors examine variation in the length of mean intervals between fires (occurring between the years 1600 and 1910) in sample units of various sizes, ranging from a point on the ground (single tree) to a large stand (200 to 800 acres; 80 to 320 hectares). Recommendations are made regarding appropriate sizes of sample units for fire history studies.

The Proceedings of 11th Asia-Oceania Symposium on Fire Science and Technology

The Proceedings of 11th Asia-Oceania Symposium on Fire Science and Technology PDF

Author: Guan-Yuan Wu

Publisher: Springer Nature

Published: 2019-09-12

Total Pages: 1061

ISBN-13: 9813291397


This book features selected papers from the 11th Asia-Oceania Symposium on Fire Science and Technology (AOSFST 2018), held in Taipei, Taiwan. Covering the entire spectrum of fire safety science, it focuses on research on fires, explosions, combustion science, heat transfer, fluid dynamics, risk analysis and structural engineering, as well as other topics. Presenting advanced scientific insights, the book introduces and advances new ideas in all areas of fire safety science. As such it is a valuable resource for academic researchers, fire safety engineers, and regulators of fire, construction and safety authorities. Further it provides new ideas for more efficient fire protection.