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Profit Shifting in the EU : Evidence from Germany

Weichenrieder, Alfons J. - 2021

correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that … tax rate changes in the host country lead to a stronger change in after-tax profitability for affiliates that are wholly …

Persistent link: https://www.econbiz.de/10013316976

Foreign Ownership and Skillbiased Technological Change

Koch, Michael - 2019

We conduct an empirical investigation into the effects of foreign ownership on worker skills using firm-level data from Spain. To control for endogeneity bias due to selection into foreign ownership, we combine a difference-in-differences approach with a propensity score weighting estimator. Our...

Persistent link: https://www.econbiz.de/10012892251

Firm Exports, Foreign Ownership, and the Global Financial Crisis

Eppinger, Peter; Smolka, Marcel - 2021

The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...

Persistent link: https://www.econbiz.de/10013251264

Multinational Production and Global Shock Propagation During the Great Recession

Li, Haishi - 2023

Did multinational production (MP) exacerbate or mitigate the collapse of international trade during the Great Recession? What role did MP and trade links play in propagating economic shocks across countries? I resolve the “Multinationals’ Resilience Puzzle” during the Great Recession by...

Persistent link: https://www.econbiz.de/10014358332

Optimal Ownership and Firm Performance : An Analysis of China's FDI Liberalization

Eppinger, Peter; Ma, Hong - 2023

Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first quantification of the gains from optimal ownership within...

Persistent link: https://www.econbiz.de/10014346399

Do Multinational Firms Use Tax Havens to the Detriment of Other Countries?

Dharmapala, Dhammika - 2020

The use of tax havens by multinational corporations (MNCs) has attracted increasing attention and scrutiny in recent years. This paper provides an exposition of the academic literature on this topic. It begins with an overview of the basic facts regarding MNCs' use of havens, which are...

Persistent link: https://www.econbiz.de/10012834357

The Structure of Multinational Firms' International Activities

Davies, Ronald B. - 2020

The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...

Persistent link: https://www.econbiz.de/10012839765

Where Does Multinational Profit Go with Territorial Taxation? Evidence from the UK

Langenmayr, Dominika - 2020

In 2009, the United Kingdom abolished the taxation of profits earned abroad and introduced a territorial tax system. Under the territorial system, firms have strong incentives to shift profits abroad. Using a difference-in-differences research design, we show that profits of UK subsidiaries in...

Persistent link: https://www.econbiz.de/10012842969

Switching from Worldwide to Territorial Taxation : Empirical Evidence of FDI Effects

Buettner, Thiess - 2019

This paper explores empirically whether and how FDI is affected if multinationals’ home countries change taxation of foreign earnings by switching from worldwide to territorial taxation. Our analysis employs data for German inbound FDI based on the ultimate investing country concept. We use a...

Persistent link: https://www.econbiz.de/10012892126

Investor-State Dispute Settlement and Multinational Firm Behavior

Schjelderup, Guttorm - 2020

This paper shows that Investor-State Dispute Settlements (ISDS) makes multinational firms more aggressive by increasing cost-reducing investments with the aim to enlarge the potential compensation an ISDS provision may offer. While a larger investment reduces the market distortion, it will also...

Persistent link: https://www.econbiz.de/10012823148

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