... corporations. Short-term debt is found to represent an important financing source for corporations in Iran. The results of the present research are consistent with some capital structure theories. Research limitations/implications – In general, the results provide evidence that the five theories...

.... The clause is related to “thin capitalization”, and aims at preventing that the financing arrangements between a parent company and its worldwide affiliates can be a source of tax minimization. Design/methodology/approach The economic and tax justification for such a clause is presented, and its...