This paper analyzes the impact of countries' tax attractiveness on the allocation of risk within multinational groups. Our dataset contains subsidiaries located in 32 European countries and owned by parents from 90 different countries globally. We show that tax symmetry positively influences the...

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...

Die Internationalisierung der Wirtschaft ist ein Phänomen unserer Zeit, das die Gesellschaft prägt und sich im täglichen Leben jedes Einzelnen niederschlägt. Auch in der akademischen Lehre beschäftigt sich eine Vielzahl von Studiengängen mit der Internationalisierung der Wirtschaft und...

This paper explores the extent to which emissions limits on stack concentrations under the Large Combustion Plant (LCP) Directive succeeded in mitigating local air pollutants from thermal power stations in the European Union. We take advantage of the discontinuities in regulation status to show...