Narrow search
Showing 1 - 10 of 301
Cover Image
The Location of Cross-Border Mergers & Acquisitions in the USA
Brakman, Steven - 2015
The research on the location choice for Foreign Direct Investment (FDI) is traditionally restricted to a choice between countries. The within-country location choice is less prominent in the literature. If within-country location decisions are considered it is mostly limited to Greenfield...
Persistent link: https://www.econbiz.de/10013023112
Cover Image
Tax Competition : Greenfield Investment Versus Mergers and Acquisitions
Becker, Johannes; Fuest, Clemens - 2021
In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...
Persistent link: https://www.econbiz.de/10013316566
Cover Image
Cross-Border Mergers & Acquisitions : The Facts as a Guide for International Economics
Brakman, Steven; Garretsen, Harry; van Marrewijk, Charles - 2021
Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory and observed empirical characteristics: (i) most FDI is in the form of M&As, (ii) firms engaged in M&As seem to be 'market-seeking', (iii) M&As come in waves (the most recent...
Persistent link: https://www.econbiz.de/10013317375
Cover Image
The Trade and Welfare Effects of Mergers in Space
Egger, Hartmut; Egger, Peter H. - 2021
This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...
Persistent link: https://www.econbiz.de/10013316578
Cover Image
Electoral Competition as a Determinant of Fiscal Decentralization
Jametti, Mario - 2011
Fiscal decentralization is high on the agenda in policy fora. This paper empirically investigates the underlying causes … of fiscal decentralization, based on the predictions of a simple political economy model. We argue that the likeliness … support the relevance of political factors as determinants of fiscal decentralization. The relationship between central …
Persistent link: https://www.econbiz.de/10013120275
Cover Image
Decentralization and Natural Disasters
Goodspeed, Timothy - 2013
This paper surveys recent research on decentralization and natural disasters. The first part discusses results from …
Persistent link: https://www.econbiz.de/10013083868
Cover Image
Decentralization and Foreign Aid Effectiveness : Do Aid Modality and Federal Design Matter in Poverty Alleviation?
Lessmann, Christian - 2014
This paper empirically studies the impact of decentralization on foreign aid effectiveness. For this purpose, we … decentralization. Our panel estimations reveal that fiscal decentralization negatively impacts aid effectiveness, while measures of … political decentralization have no significant effect or even a positive one. This result is robust for grants and overall ODA …
Persistent link: https://www.econbiz.de/10013069925
Cover Image
Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2013
This paper explores the role of information transmission in explaining donors' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...
Persistent link: https://www.econbiz.de/10013073609
Cover Image
Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel - 2013
explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …
Persistent link: https://www.econbiz.de/10013075612
Cover Image
New Evidence on Fiscal Decentralization and the Size of Government
Fiva, Jon H. - 2006
This paper adds to the literature by utilizing improved data on tax revenue decentralization to re-examine the … relationship between fiscal decentralization and the size of government. An econometric analysis using panel data from 18 OECD … countries shows that fiscal decentralization matters for both the size and composition of government spending. Tax revenue …
Persistent link: https://www.econbiz.de/10012783397