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The Effect of Corporate Taxation and Ownership on Raising Shareholder Capital

Krämer, Robert - 2013

We analyze how interactions between corporate taxation and corporate governance affect shareholder capital. Using a model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the corporate tax rate decreases shareholder capital, an...

Persistent link: https://www.econbiz.de/10013073608

Stock Market Returns, Corporate Governance and Capital Market Equilibrium

Parigi, Bruno Maria; Pelizzon, Loriana; von Thadden, … - 2021

governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that …

Persistent link: https://www.econbiz.de/10013315674

Ownership and Control in a Competitive Industry

Karle, Heiko; Klein, Tobias J.; Stahl, Konrad O. - 2021

We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...

Persistent link: https://www.econbiz.de/10013316050

Investor Protection and Foreign Stakeholders

Giofré, Maela - 2014

Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable "cross" effects on foreign portfolio investment and the direction of...

Persistent link: https://www.econbiz.de/10013069664

World Market Access of Emerging-Market Firms : The Role of Foreign Ownership and Access to External Finance

Raff, Horst - 2013

This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …

Persistent link: https://www.econbiz.de/10013078522

Incorporation and Taxation : Theory and Firm-Level Evidence

Egger, Peter H. - 2009

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

Persistent link: https://www.econbiz.de/10013158386

Political Booms, Financial Crises

Herrera, Helios - 2014

We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...

Persistent link: https://www.econbiz.de/10013047326

Government Decentralization as a Disincentive for Transnational Terror? An Empirical Analysis

Dreher, Axel; Fischer, Justina A. V. - 2021

Using panel data for a maximum of 109 countries over the years 1976-2000, we empirically analyze the impact of decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of transnational terror events in a country, while...

Persistent link: https://www.econbiz.de/10013316345

Does Membership on the Un Security Council Influence IMF Decisions? Evidence from Panel Data

Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2021

We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using panel data for 191 countries over the period 1951 to 2004. Our results indicate a robust positive relationship between temporary UN Security Council membership and participation in...

Persistent link: https://www.econbiz.de/10013317395

Budget Institutions and Government Effectiveness

Dahan, Momi - 2017

Do budget institutions play a role in explaining why government effectiveness is higher in some advanced countries than … budget centralization has a negative and significant effect on government effectiveness in OECD countries after accounting … for a list of control variables such as GDP per capita and government expenditure in addition to country and year fixed …

Persistent link: https://www.econbiz.de/10012965640

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