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Vertical Integration and Valuation of International Oil Companies

Misund, Bard - 2014

This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...

Persistent link: https://www.econbiz.de/10013043599

When Taxation Changes the Course of the Year - Fiscal Year Adjustments and the German Tax Reform 2000/2001

Blasch, Frank; Weichenrieder, Alfons J. - 2021

The paper examines 157 German listed corporations that had the option of changing their fiscal year to achieve a possible tax reduction in connection with the major tax reform of 2000/2001. The tax reduction from a change was larger, the larger the expected profits. However, with costs of...

Persistent link: https://www.econbiz.de/10013317314

Dividend Taxation and the Cost of New Share Issues

Lindhe, Tobias - 2014

This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not … shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative … that the shareholders cannot recover their original equity injections without being subject to the dividend tax …

Persistent link: https://www.econbiz.de/10013045348

Dividend Taxation, Share Repurchases and the Equity Trap

Lindhe, Tobias; Södersten, Jan Edvin - 2021

This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the "equity trap …

Persistent link: https://www.econbiz.de/10013316375

A Simple Model of Health Insurance Competition

Kemnitz, Alexander - 2010

This paper investigates competition between health insurance companies under different financing regulations. We consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health contributions) and by fees (health premia). We find that...

Persistent link: https://www.econbiz.de/10013136650

Exchange Rate Expectations of Chartists and Fundamentalists

Dick, Christian David - 2013

This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...

Persistent link: https://www.econbiz.de/10013083266

Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters

Dippel, Christian - 2018

This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...

Persistent link: https://www.econbiz.de/10012927102

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2015

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

Persistent link: https://www.econbiz.de/10013038262

Divided Government Versus Incumbency Externality Effect - Quasi-Experimental Evidence on Multiple Voting Decisions

Ade, Florian - 2012

election outcomes based on municipal level data for Germany. We find that the party of the mayor can receive a bonus of 4 … the findings can be related to an incumbency externality effect and to the theory of voter preferences for divided …

Persistent link: https://www.econbiz.de/10013112896

The Bazaar Effect, Unbundling of Comparative Advantage, and Migration

Kohler, Wilhelm - 2007

Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this …

Persistent link: https://www.econbiz.de/10012777491

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