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Corporate deductibility provisions and managerial incentives
Köthenbürger, Marko; Stimmelmayr, Michael - 2013
Using an agency model of firm behavior, the paper analyzes whether the cost of investment should be tax exempt. The findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is tax deductible, as commonly advocated. The extent to...
Persistent link: https://www.econbiz.de/10010227267
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A theory of tax avoidance : managerial incentives for tax planning in a multi-task principal-agent model
Ewert, Ralf; Niemann, Rainer - 2014
We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent’s action portfolio. Our model shows novel and apparently...
Persistent link: https://www.econbiz.de/10010367166
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Superstar economists : coauthorship networks and research output
Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong; … - 2018
We study the impact of research collaborations in coauthorship networks on research output and how optimal funding can … the RePEc Author Service. We rank the authors and research institutions according to their contribution to the aggregate … research output and thus provide a novel ranking measure that explicitly takes into account the spillover effect generated in …
Persistent link: https://www.econbiz.de/10011925969
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Undergraduate gender diversity and the direction of scientific research
Truffa, Francesca; Wong, Ashley - 2024
Can diversity lead to greater research focus on populations underrepresented in science? Between 1960 and 1990, 76 all … coeducation led to a 44% increase in gender-related research publications. This increase is driven by research focused on female … gender topics, much of the increase comes from male incumbent researchers shifting their research focus toward gender …
Persistent link: https://www.econbiz.de/10015050783
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Corporate taxation and corporate governance
Köthenbürger, Marko; Stimmelmayr, Michael - 2009
The effects of corporate taxation on firm behavior have been extensively discussed in the neoclassical model of firm behavior which abstracts from agency problems. As emphasized by the corporate governance literature, corporate investment behavior is however crucially influenced by diverging...
Persistent link: https://www.econbiz.de/10003923146
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Research governance in academia : are there alternatives to academic rankings?
Osterloh, Margit; Frey, Bruno S. - 2009
Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take … scholarly research is a mainly curiosity driven endeavor, we include intrinsic motivation and supportive feedback by the peers … offers an alternative to the present regime of academic rankings. -- peer reviews ; rankings ; research governance ; agency …
Persistent link: https://www.econbiz.de/10003887431
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The efficiency costs of dividend taxation with managerial firms : presented at CESifo Area Conference on Public Sector Economics, April 2015
Köthenbürger, Marko; Stimmelmayr, Michael - 2015
The paper analyzes the efficiency costs of dividend taxation in an effort-based corporate agency model in which non-verifiable managerial effort enhances taxable profits. We show that investment changes following a rise in dividend taxes might not be sufficient to infer the efficiency cost of...
Persistent link: https://www.econbiz.de/10011374208
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Market competition or family ties : which prevails on Italian CEOs pay?
Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015
The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...
Persistent link: https://www.econbiz.de/10011280832
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What is the relation (if any) between a firm's corporate governance arrangements and its financial performance?
Wessels, Roberto E.; Wansbeek, Tom - 2014
This paper presents estimates from a latent variables model of the relation between corporate governance and financial performance. We use data on large US corporations to estimate the correlation, conditional on the firms' investment opportunity set, between governance and performance. We find...
Persistent link: https://www.econbiz.de/10010235838
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The effect of corporate taxation and ownership on raising shareholder capital
Krämer, Robert; Lipatov, Vilen - 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/10010199748