Showing 1 - 10 of 475
This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
Persistent link: https://www.econbiz.de/10012762547
This report examines how oil and gas production generates revenue for local governments in eight states through four key mechanisms: (i) state taxes or fees on oil and gas production; (ii) local property taxes on oil and gas property; (iii) leasing of state-owned land; and (iv) leasing of...
Persistent link: https://www.econbiz.de/10013013934
This paper presents a novel methodology for estimating impacts on domestic supply of oil and natural gas arising from changes in the tax treatment of oil and gas production. It corrects a downward bias when the ratio of aggregate tax expenditures to domestic production is used to measure the...
Persistent link: https://www.econbiz.de/10012984755
Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and...
Persistent link: https://www.econbiz.de/10013047033
Russia is often considered a perfect example of the so-called "resource curse"--the argument that natural resource … around the world suggests that for countries like Russia with an established oil industry, even large increases in the scale … of mineral incomes have only a minor effect on the political regime. In addition, Russia--a country with an …
Persistent link: https://www.econbiz.de/10013148670
We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This …
Persistent link: https://www.econbiz.de/10012760634
This paper examines governance explanations for the discount of preferred shares to common shares in the Russian market. conflicts between shareholder classes may help explain the discount. However, for this to be the sole explanation the estimated models suggest that the magnitude of future...
Persistent link: https://www.econbiz.de/10012767772
which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … investment. While financial globalization always improves the welfare of a developed country with a good financial system, its …
Persistent link: https://www.econbiz.de/10012776812
financial globalization. Poor governance has implications for corporate finance as well as for macroeconomics. I show that poor …
Persistent link: https://www.econbiz.de/10013218982
Natural gas has emerged as an increasingly attractive source of energy since it is highly efficient, abundant, and cleaner than any other fossil fuel. In this paper, we examine the impact of widespread adoption of natural gas as a source of fuel on infant mortality in Turkey, using variation...
Persistent link: https://www.econbiz.de/10013087782