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Foreign Ownership and the Extensive Margins of Exports : Evidence for Manufacturing Enterprises in Germany
Raff, Horst; Wagner, Joachim - 2021
exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with …
Persistent link: https://www.econbiz.de/10013315735
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Margins of Multinational Labor Substitution
Muendler, Marc-Andreas - 2008
Multinational labor demand responds to wage differentials at the extensive margin, when a multinational enterprise (MNE) expands into foreign locations, and at the intensive margin, when an MNE operates existing affiliates across locations. We derive conditions for parametric and nonparametric...
Persistent link: https://www.econbiz.de/10012774187
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The Effects of Taxation on the Location Decision of Multinational Firms : M&A vs. Greenfield Investments
Hebous, Shafik - 2013
In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...
Persistent link: https://www.econbiz.de/10013094651
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Tax Revenue Losses Through Cross-Border Loss Offset : An Insurmountable Hurdle for Formula Apportionment?
Mardan, Mohammed - 2017
This paper analyzes the relevance of firm losses for tax revenues and welfare when switching from separate accounting to a system of tax base consolidation with formula apportionment. We find that a system change unambiguously decreases tax revenues in the short run, in which neither firms nor...
Persistent link: https://www.econbiz.de/10012960117
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Firms, Trade and Profit Shifting : Evidence from Aggregate Data
Laffitte, Sébastien - 2018
Using aggregate data on U.S. multinational firms' activities, we document the impact of tax havens on the organization and trade of multinational firms. Conventional wisdom says that MNEs set up foreign sales platforms close to large markets to benefit from the proximity to consumers. We show,...
Persistent link: https://www.econbiz.de/10012910882
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How Low Business Tax Rates Attract Multinational Headquarters : Municipality-Level Evidence from Germany
Becker, Sascha O. - 2009
,000 municipalities in Germany to analyze the sensitivity of the location decisions of foreign MNEs with respect to business tax rates …
Persistent link: https://www.econbiz.de/10012765355
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The Organization of Knowledge in Multinational Firms
Gumpert, Anna - 2015
This paper provides the first in-depth study of the organization of knowledge in multinational firms. The paper develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production plants if communication costs impede the access of...
Persistent link: https://www.econbiz.de/10013020512
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Intercompany Loans and Profit Shifting - Evidence from Company-Level Data
Buettner, Thiess; Wamser, Georg - 2021
This paper is concerned with tax-planning strategies of multinational corporations. A theoretical analysis discusses the choice of the capital structure in a setting where intercompany loans can be used to shift profits to low-tax countries. Empirical evidence is provided using micro-level panel...
Persistent link: https://www.econbiz.de/10013317154
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What Explains the Rise in CEO Pay in Germany? A Panal Data Analysis for 1977-2009
Fabbri, Francesca - 2012
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypothesis in … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …
Persistent link: https://www.econbiz.de/10013109325
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Tear Down this Wall : On the Persistence of Borders in Trade
Nitsch, Volker - 2009
Why do borders still matter for economic activity? The reunification of Germany in 1990 provides a unique natural … to trade between East Germany and West Germany were eliminated completely within a very short period of time. The …
Persistent link: https://www.econbiz.de/10013154269