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Taxation and Capital Structure Choice – Evidence from a Panel of German Multinationals
Buettner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - CESifo - 2006
This paper analyzes the impact of taxes and lending conditions on the financial structure of multinationals' foreign affiliates. The empirical analysis employs a large panel of affiliates of German multinationals in 26 countries in the period from 1996 until 2003. In accordance with the...
Persistent link: https://www.econbiz.de/10005181569
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The Impact of Thin-Capitalization Rules on Multinationals’ Financing and Investment Decisions
Büttner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - CESifo - 2006
This paper analyzes the role of Thin-Capitalization rules for capital structure choice and investment decisions of multinationals. A theoretical analysis shows that the imposition of such rules tends to affect not only the leverage and the level of investment but also their tax-sensitivity. An...
Persistent link: https://www.econbiz.de/10005405727
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Corporate Income Taxation of Multinationals in a General Equilibrium Model
Eichner, Thomas; Runkel, Marco - CESifo - 2008
taxation of multinational enterprises (MNEs). The innovation of the analysis is that we consider a general equilibrium tax …
Persistent link: https://www.econbiz.de/10005405983
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Tax Competition with Formula Apportionment: The Interaction between Tax Base and Sharing Mechanism
Kolmar, Martin; Wagener, Andreas - CESifo - 2007
The EU Commission is advocating a common consolidated tax base for the corporate income tax, accompanied by a revenue sharing mechanism based on formula apportionment. We analyse tax competition in such a regime, focussing on the interaction between the definition of the tax base and the...
Persistent link: https://www.econbiz.de/10005416470
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Capital Structure Choice and Company Taxation: A Meta-Study
Feld, Lars P.; Heckemeyer, Jost Henrich; Overesch, Michael - CESifo - 2011
This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 46 previous studies, we find that this impact is substantial. In particular, the tax rate proxy determines the outcome of primary analyses. Measures...
Persistent link: https://www.econbiz.de/10008914267
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The Role of the Corporate Income Tax as an Automatic Stabilizer
Buettner, Thiess; Fuest, Clemens - CESifo - 2009
This paper analyses the effectiveness of the corporate income tax as an automatic stabilizer. It employs a unique firm-level dataset of German manufacturers combining financial statements with firm-specific information about credit market restrictions. The results show that approximately 20 per...
Persistent link: https://www.econbiz.de/10008583645
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Digitale Geschäftsmodelle im Gesundheitswesen : Persönlichkeiten. Zukunftsperspektiven.
Altun, Emek; Aulenkamp, Jana - 2020
Digitale Geschäftsmodelle im Gesundheitswesen verändern sich rasant und bekannte Arbeitsweisen in Unternehmen werden auf links gedreht. Die digitale Transformation wird die nächsten Jahrzehnte das Kernthema im Gesundheitswesen sein. Es stellen sich für die Akteure und Akteurinnen die...
Persistent link: https://www.econbiz.de/10012133894
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Strategic Approaches to CO2 Emissions - The Case of the Cement Industry and of the Chemical Industry
Arjaliès, Diane Laure; Goubet, Cécile; Ponssard, … - CESifo - 2014
The ability of companies to turn an environmental constraint into a source of strategic opportunities is a controversial topic in published research. The article, which is based on a comparative study of the CO2 emission reduction strategies implemented by the cement and chemical industries,...
Persistent link: https://www.econbiz.de/10010877636
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How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013
that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …
Persistent link: https://www.econbiz.de/10010877694
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Innovation Contests
Pérez-Castrillo, David; Wettstein, David - CESifo - 2014
We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …
Persistent link: https://www.econbiz.de/10010877748