This paper examines how the enforceability of noncompete covenants affects the creation, growth, and survival of spinouts and other new entrants. The impact of noncompete enforceability on new firms is ambiguous, since noncompetes reduce knowledge leakage but impose hiring costs. However, we...

This study examined the effect of tax planning on the financial performance of Nigerian Development Banks. The study covered the period of 2012 to 2019 (post IFRS adoption era in Nigeria). Data were sourced from the annual financial statements and reports of the selected Nigerian Development...

This paper examines the interaction between income diversion and firm performance. Using unique Russian banking transaction data, I identify 42,483 spacemen, fly-by-night firms created specifically for income diversion. Next, I build a direct measure of income diversion for 45,429 companies and...