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This paper provides further empirical evidence on the relationship between taxes and financial reporting by focusing on accounting decisions to write-offs equity investments. The analysis is based on panel data for Italian companies. In the period 1998-2006 the Italian corporate income tax has...
Persistent link: https://www.econbiz.de/10008799740
quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …
Persistent link: https://www.econbiz.de/10010948811
Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively meas-uring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper pre-sents more...
Persistent link: https://www.econbiz.de/10010948870
I critically review recent studies that estimate those costs of violence and conflict that can emerge among organized political groupings, from states, religious and ethnic organizations to guerillas and paramilitaries. The review includes studies that estimate direct and indirect costs due to...
Persistent link: https://www.econbiz.de/10005013055
We analyze whether or not the globalization of capital, ‘disciplines’ governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country’s vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …
Persistent link: https://www.econbiz.de/10009645630
’s moral hazard behavior (i.e., improvement in the level of governance) leads to a fall in the proportion of tied aid. We test …
Persistent link: https://www.econbiz.de/10005765770
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...
Persistent link: https://www.econbiz.de/10005766195
This paper discusses rising enrolment rates, access, governance, underperformance in research and teaching, lack of … governance, more competition and internationalisation. Apart from providing mutual policy learning opportunities, cross …
Persistent link: https://www.econbiz.de/10005094228
and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the … supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a …
Persistent link: https://www.econbiz.de/10005051557
and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation …
Persistent link: https://www.econbiz.de/10005034637