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具有抵税效应同时带来杠杆利益的是什么

2024-01-24   Meteor

既具有抵税效应,又能带来杠杆利益的筹资方式是发行债券。
发行债券的利息支出是可以在税前扣除的,有抵税效应,另外,还可以影响财务杠杆系数,财务杠杆系数=息税前利润/[息税前利润-利息支出-优先股股利/(1-所得税率)]。发行普通股虽然也可以带来杠杆利益,但却不具有抵税效应。因其股利支付不可以税前扣除。
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