Narrow search
Showing 1 - 10 of 464
Cover Image
Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits
Koethenbuerger, Marko - 2018
Recent empirical research documents a tendency of affiliates of multinational enterprises to bunch around zero reported profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit shifting to a low-tax country as well as a loss-related,...
Persistent link: https://www.econbiz.de/10012921411
Cover Image
Demographic Change and Bank Profitability - Empirical Evidence from German Savings Banks
Berlemann, Michael - 2013
, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the … the population reduces the customer base, ageing per se increases profitability as older customers typically generate …
Persistent link: https://www.econbiz.de/10013095185
Cover Image
Electoral Cycles in Savings Bank Lending
Englmaier, Florian - 2013
We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...
Persistent link: https://www.econbiz.de/10013075619
Cover Image
Tax Competition in a Simple Model with Heterogeneous Firms : How Larger Markets Reduce Profit Taxes
Haufler, Andreas - 2009
simultaneously risen in most countries. Moreover, the gross profitability of firms seems to be lower in high-tax countries, even …
Persistent link: https://www.econbiz.de/10013153228
Cover Image
The Information Content of Dividends : Safer Profits, Not Higher Profits
Michaely, Roni - 2018
Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the Campbell (1991) decomposition, we are able to estimate...
Persistent link: https://www.econbiz.de/10012930075
Cover Image
Mergers and Partial Ownership
Foros, Øystein - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …
Persistent link: https://www.econbiz.de/10013148773
Cover Image
There's No Place Like Home : The Profitability Gap between Headquarters and their Foreign Subsidiaries
Dischinger, Matthias; Riedel, Nadine - 2021
quantitatively large. Our findings suggest that the profitability gap is partly driven by agency costs which arise if value … communication and travel costs over the last decade, the profitability gap is shown to decline over time. Apart from that, our … profitability gap. We discuss various implications of our findings …
Persistent link: https://www.econbiz.de/10013316283
Cover Image
Labour Demand in Germany: An Assessment of Non-Wage Labour Costs
Chen, Yu-Fu; Funke, Michael - CESifo - 2003
The data indicate that non-wage labour costs in Germany have reached a record high in recent years. From 1972 to 2001, the ratio of non-wage labour costs to direct compensation in West German manufacturing industry rose from 55.6 per cent to 81.2 per cent. The topic of non-wage labour costs is...
Persistent link: https://www.econbiz.de/10005406193
Cover Image
Gravity Estimation of the Intensive and Extensive Margins of Trade : An Alternative Procedure with Alternative Data
Flam, Harry - 2011
. By using data on the number of bilaterally traded products we improve on identification and allow estimation of the …
Persistent link: https://www.econbiz.de/10013128040
Cover Image
Monetary Policy Analysis in Real-Time : Vintage Combination from a Real-Time Dataset
Altavilla, Carlo - 2011
This paper provides a general strategy for analyzing monetary policy in real time which accounts for data uncertainty without explicitly modelling the revision process. The strategy makes use of all the data available from a real-time data matrix and averages model estimates across all data...
Persistent link: https://www.econbiz.de/10013128542