This paper explores firms’ bunching responses to training expenses deduction policy using microdata on Chinese manufacturing firms from 2004 to 2007. By exploiting a bunching method, we estimate the elasticities of training intensity with respect to (one plus) the marginal tax rate at the kink...

While there is evidence that shareholders’ tax preferences influence corporate decisions, less is known about the channels that are used to impose such preferences. In our paper, we focus on whether and how tax-sensitive institutional investors (TSII) leverage on executive compensation design...

The purpose of this paper is to use patent level characteristics to estimate the survival of resident patents (filed at the Indian Patent Office (IPO) and assigned to firms’ in India). This study uses the renewal information of firm-level patents applied during 1st January 1995 and 31st...

Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to leverage R&D-driven firm performance benefits for the...

We consider an economy in which some taxpayers behave in a Kantian way in their donation behavior while others are Nash players. A Kantian taxpayer holds the norm that any suggested deviation from a proposed equilibrium profile would be adopted by him only if when all members of their community...