La déduction des intérêts notionnels et son impact sur le coût du capital

Nathalie Eyckmans, Olivier Meunier, Michel Mignolet

    Research output: Contribution to journalArticle


    Through the legislation of notional interests, the Belgian public authorities aim at reducing the tax discrimination between equity funding and debt. What is the impact of such a legislation on firms' cost of capital? The effective taxation literature - and its key parameter, called the cost of capital - provides us with a useful framework in order to answer this question. We assume the case of a firm financed by an individual, both residing in Belgium.
    Original languageFrench
    Pages (from-to)98-101
    Number of pages4
    JournalRevue bancaire et financière
    Publication statusPublished - 2006

    Cite this