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On the equivalence of location choice models : conditional logit, nested logit and poisson

Schmidheiny, Kurt; Brülhart, Marius - 2009

It is well understood that the two most popular empirical models of location choice - conditional logit and Poisson - return identical coefficient estimates when the regressors are not individual specific. We show that these two models differ starkly in terms of their implied predictions. The...

Persistent link: https://www.econbiz.de/10003871985

How low business tax rates attract multinational headquarters : municipality-level evidence from Germany

Becker, Sascha O.; Egger, Peter; Merlo, Valeria - 2009

,000 municipalities in Germany to analyze the sensitivity of the location decisions of foreign MNEs with respect to business tax rates …

Persistent link: https://www.econbiz.de/10003806078

The effects of taxation on the location decision of multinational firms : M&A vs. Greenfield investments

Hebous, Shafik; Ruf, Martin; Weichenrieder, Alfons J. - 2010

In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...

Persistent link: https://www.econbiz.de/10003974552

The impact of thin capitalization rules on the location of multinational firms' foreign affiliates

Merlo, Valeria; Riedel, Nadine; Wamser, Georg - 2015

This paper examines how restrictions on the tax-deductibility of interest cost affect location choices of multinational corporations (MNCs). Many countries have introduced so-called thin-capitalization rules (TCRs) to prevent MNCs from shifting tax base to countries with lower tax rates. As of...

Persistent link: https://www.econbiz.de/10011300391

Do stringent environmental policies deter FDI? : M&A versus Greenfield

Bialek, Sylwia; Weichenrieder, Alfons J. - 2015

This study examines how environmental stringency affects the location decision of foreign direct investments. We analyze a firm-level data set on German outbound FDI and innovate on previous studies by controlling for the mode of entry and applying the mixed-logit analysis. The results show that...

Persistent link: https://www.econbiz.de/10010496988

The hardships of long distance relationships : time zone proximity and knowledge transmission within multinational firms

Bahar, Dany - 2018

Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary's economic activity, emerging from dynamics related to...

Persistent link: https://www.econbiz.de/10011864328

Management incentives under formula apportionment : tax-induced distortions of effort and compensation in a principal-agent setting

Martini, Jan T.; Niemann, Rainer; Simons, Dirk - 2014

compensation to managers in low-tax jurisdictions, if payroll enters the FA formula. Managers in high-tax jurisdictions face the …

Persistent link: https://www.econbiz.de/10010383849

What explains the rise in CEO pay in Germany? : a panel data analysis for 1977-2009

Fabbri, Francesca; Marin, Dalia - 2012

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypothesis in …

Persistent link: https://www.econbiz.de/10009508092

Total costs and budgetary effects of adaptation to climate change : an assessment for the European Union

Osberghaus, Daniel; Reif, Christiane - 2010

adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of …

Persistent link: https://www.econbiz.de/10003994554

Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

spending, Germany is urged to reduce its current account surplus by increasing wages to forestall a new build-up of …

Persistent link: https://www.econbiz.de/10008798227

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