Becht, Marco; Mayer, Colin; Wagner, Hannes - C.E.P.R. Discussion Papers - 2006
cross-border mobility in incorporation. In this paper we explore how deregulation and the costs of regulation have affected … States following the ECJ rulings. We find that incorporation costs, in particular minimum capital requirements, and delays in … incorporation are significant influences on firms’ location decisions. Our results confirm the relevance of price to firms’ choice …