The Law and Finance account of the ubiquity of controlling shareholders in developing markets is based on conditions in the capital market: poor shareholder protection law prevents controlling shareholders from parting with control out of fear of exploitation by a new controlling shareholder who...

Tax sparing occurs when a country with a worldwide tax system grants its citizens foreign tax credits for the taxes that they would have paid on income earned abroad, but that escapes taxation by virtue of foreign tax incentives. The supporters of tax sparing argue that it is a form of foreign...

Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam's conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of independence fostered by the free city-states...

This is a theoretical paper to analyze possible bias against daughters in the provision of healthcare. Women once married become part of in-laws' families, leading to certain inter-family externalities in household decision making, which in turn result in gender bias in healthcare. We also find...

This article proposes a conceptual foundation for the field of international tax law. The article refers to this foundation as the institutional competence of nations in global economic development. A nation's institutional competence is its discretion to make decisions in pursuit of our...

The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) essentially halved the tax rate on dividends and reduced the top tax rate on capital gains. This paper explores the likely effect of JGTRRA on the composition of returns on corporations' common stock. Both larger corporations'...

This research identifies the suburban typology of San Diego through a study of the social and fiscal disparities within the region. Municipal tax base and other demographic data, such as poverty rates measured at the school-level, are used to show wide variations in the capacities of suburban...

This research identifies the suburban typology of Erie through a study of the social and fiscal disparities within the region. Municipal tax base and other demographic data, such as poverty rates measured at the school-level, are used to show wide variations in the capacities of suburban...

This research identifies the suburban typology of Wisconsin through a study of the social and fiscal disparities within the state. Municipal tax base and other demographic data, such as poverty rates measured at the school-level, are used to show wide variations in the capacities of suburban...

Recent empirical studies have shown that external investors' protection from expropriation is the single most important factor to explain the large cross countries differences in the access of firms to external finance. This paper analyzed the consequences of poor external investors' protection...