Dyreng, Scott D.; Lindsey, Bradley P.; Markle, Kevin S.; … - In: Journal of Accounting and Economics 59 (2015) 2, pp. 182-202
We examine the global equity supply chains of U.S. multinationals to explore how tax and nontax country characteristics affect whether firms use foreign holding companies and where they locate them. We find that U.S. multinationals supply equity from headquarters to their foreign operating...