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-listed enterprises. The resulting risk premia of the local and global CAPM are compared. Additionally, it is shown that the global CAPM …The article proposes to apply the global CAPM instead of the traditional CAPM (local CAPM) used in the practice of … the local CAPM only assumes an exclusively national context. The global CAPM is presented as an alternative to account for …
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This paper elaborates on the emergence of so-called Advance Pricing Agreements (APA) in international taxation and corresponding APA programs in individual countries. It refers to how globalizing business processes trigger governance change on the nation state level regarding the identification...
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This Article examines global destination sales-based formulary apportionment (“DSFA”). It questions whether unilateral U.S. adoption of a DSFA tax would prompt other countries to follow suit, identifying on one hand factors that could encourage a productive capacity shift to the...
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