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Theft and Taxes
Desai, Mihir A. - 2004
This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
Persistent link: https://www.econbiz.de/10012467710
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The Impact of Removing Tax Preferences for U.S. Oil and Natural Gas Production : Measuring Tax Subsidies by an Equivalent Price Impact Approach
Metcalf, Gilbert E. - 2016
This paper presents a novel methodology for estimating impacts on domestic supply of oil and natural gas arising from changes in the tax treatment of oil and gas production. It corrects a downward bias when the ratio of aggregate tax expenditures to domestic production is used to measure the...
Persistent link: https://www.econbiz.de/10012456142
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Oil and Gas Revenue Allocation to Local Governments in Eight States
Newell, Richard G. - 2015
This report examines how oil and gas production generates revenue for local governments in eight states through four key mechanisms: (i) state taxes or fees on oil and gas production; (ii) local property taxes on oil and gas property; (iii) leasing of state-owned land; and (iv) leasing of...
Persistent link: https://www.econbiz.de/10012457054
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Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
Allcott, Hunt - 2014
Do natural resources benefit producer economies, or is there a "Natural Resource Curse,"0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and gas...
Persistent link: https://www.econbiz.de/10012458159
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Oil and Democracy in Russia
Treisman, Daniel - 2010
Russia is often considered a perfect example of the so-called "resource curse"--the argument that natural resource … around the world suggests that for countries like Russia with an established oil industry, even large increases in the scale … of mineral incomes have only a minor effect on the political regime. In addition, Russia--a country with an …
Persistent link: https://www.econbiz.de/10012462985
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The Corporate Governance Role of the Media : Evidence from Russia
Dyck, Alexander - 2006
We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This …
Persistent link: https://www.econbiz.de/10012466140
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Modeling and Measuring Russian Corporate Governance : The Case of Russian Preferred and Common Shares
Goetzmann, William N. - 2003
This paper examines governance explanations for the discount of preferred shares to common shares in the Russian market. conflicts between shareholder classes may help explain the discount. However, for this to be the sole explanation the estimated models suggest that the magnitude of future...
Persistent link: https://www.econbiz.de/10012469234
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Domestic Institutions and the Bypass Effect of Financial Globalization
Ju, Jiandong - 2007
which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … investment. While financial globalization always improves the welfare of a developed country with a good financial system, its …
Persistent link: https://www.econbiz.de/10012465505
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Financial Globalization, Corporate Governance, and Eastern Europe
Stulz, Rene M. - 2006
financial globalization. Poor governance has implications for corporate finance as well as for macroeconomics. I show that poor …
Persistent link: https://www.econbiz.de/10012466759
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$2.00 Gas! Studying the Effects of a Gas Tax Moratorium
Doyle, Joseph J, Jr - 2006
There are surprisingly few estimates of the effect of sales taxes on retail prices, especially at the firm level. Further, along both sides of a state border, a change in one state's sales tax can shed light on the nature of competition, as a subset of firms effectively experiences a change in...
Persistent link: https://www.econbiz.de/10012466402