Showing 1 - 10 of 223
This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...
Persistent link: https://www.econbiz.de/10012841927
We analyze the short and long-run performance of firms that were differentially affected by a new tax on dividends in the lead-up to the Global Financial Crisis. We use exogenous policy variation for firms with different legal statuses and financial year-end dates to causally identify the...
Persistent link: https://www.econbiz.de/10014263915
-intensive, mining booms cause virtually no upward pressure on manufacturing earnings per worker, and both producers of traded and local … goods benefit from mining booms in terms of employment. In contrast, labour-intensive mining booms drive up local …
Persistent link: https://www.econbiz.de/10012892288
to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas …. We demonstrate that the gravity equation is well suited to model bilateral trade in mining and find that sanctions have … been effective in impeding mining trade. Our analysis reveals that complete trade sanctions have reduced bilateral mining …
Persistent link: https://www.econbiz.de/10013246911
curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable …
Persistent link: https://www.econbiz.de/10014239209
. We study whether and where mining is possible in such countries without raising the risk of civil conflict. We proceed in … (planned and unplanned) mining projects in Sierra Leone. A crucial insight is that new mining projects do not necessarily …
Persistent link: https://www.econbiz.de/10014262694
The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...
Persistent link: https://www.econbiz.de/10011307062
We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...
Persistent link: https://www.econbiz.de/10011307119
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. The analysis can easily be reinterpreted as a model of the monopolistic provision of excludable public goods under private information. An entrepreneur has to meet some capital requirement in order...
Persistent link: https://www.econbiz.de/10011388225
The OECD in its BEPS action plan 4 addresses tax base erosion by profit shifting through the use of tax deductible interest payments. Their main concern is interest deductions between outbound and inbound investment by groups. Studies of multinational firms show that the tax sensitivity of debt...
Persistent link: https://www.econbiz.de/10011388269