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A Note on the Time Series Measure of Conservatism

Brauer, Sebastian - 2010

Asymmetric persistence of accounting income is often tested in a regression of changes in earnings on lagged changes in earnings, including an interaction term for negative changes (see Basu [1997] or Ball et al. [2009] for a recent overview). In this note we propose an alternative, but closely...

Persistent link: https://www.econbiz.de/10013147269

Trade, Wages, and Profits

Egger, Hartmut - 2012

This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...

Persistent link: https://www.econbiz.de/10013101194

Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits

Koethenbuerger, Marko - 2018

profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …

Persistent link: https://www.econbiz.de/10012921411

Taxes and Financial Reporting : Evidence from Discretionary Investment Write-Offs in Italy

Arachi, Giampaolo - 2010

This paper provides further empirical evidence on the relationship between taxes and financial reporting by focusing on accounting decisions to write-offs equity investments. The analysis is based on panel data for Italian companies. In the period 1998-2006 the Italian corporate income tax has...

Persistent link: https://www.econbiz.de/10013135525

Tax Overpayments, Tax Evasion, and Book-Tax Differences

Goerke, Laszlo - 2021

A strictly risk-averse manager makes joint decisions on a firm's tax payments and book profit declarations according to … making untruthful profit declarations, and (4) the tax rate. If the firm's owner or the government takes into account these … effects when pursuing his own objectives, the changes in tax payments and book profit declarations become theoretically more …

Persistent link: https://www.econbiz.de/10013316588

Firm Wage Premia, Industrial Relations, and Rent Sharing in Germany

Hirsch, Boris; Müller, Steffen - 2021

This paper investigates the influence of industrial relations on firm wage premia in Germany. OLS regressions for the firm effects from a two-way fixed effects decomposition of workers’ wages by Card, Heining, and Kline (2013) document that average premia are larger in firms bound by...

Persistent link: https://www.econbiz.de/10013315426

Earnings Shocks and Tax-Motivated Income-Shifting : Evidence from European Multinationals

Dharmapala, Dhammika - 2012

This paper presents a new approach to estimating the existence and magnitude of tax-motivated income shifting within multinational corporations. Existing studies of income shifting use changes in corporate tax rates as a source of identification. In contrast, this paper exploits exogenous...

Persistent link: https://www.econbiz.de/10013107348

The Impact of Fiscal Policy on Profits

Katsimi, Margarita - 2009

during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our …

Persistent link: https://www.econbiz.de/10013154254

VAT Notches

Liu, Li - 2015

We develop a conceptual framework which captures the effect of the VAT system on profit by two effective taxes. This …

Persistent link: https://www.econbiz.de/10013021432

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

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