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Global Evidence on Profit Shifting Within Firms and Across Time
Delis, Fotis; Delēs, Manthos D.; Laeven, Luc; Ongena, … - 2022
estimation techniques within a mainstay model of profit shifting, we examine the subsidiary-year responses of earnings to the … other parts of the world where taxation policies are less stringent on average, consistent with tax arbitrage strategies. We …
Persistent link: https://www.econbiz.de/10014238187
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'Globalization' and Relocation in a Vertically Differentiated Industry
Grilo, Isabel - 2013
In this paper, we adopt the vertical differentiation duopoly framework to give a full description of firms' relocation decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (globalization) allows them to serve the domestic market through foreign...
Persistent link: https://www.econbiz.de/10014215860
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Tax Activists and the Global Movement for Development Through Transparency
Christians, Allison - 2016
Activists around the world seek to expose a global system that fails to tax multinationals adequately and thus deprives … governments of needed revenues, with profound effects for development in the world's poorest nations. These tax activists have … sparked a global movement, with groups all over the world seeking progress for development in poor countries by demanding …
Persistent link: https://www.econbiz.de/10013008182
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Do civil and political repression really boost foreign direct investments?
Harms, Philipp; Ursprung, Heinrich W. - 2001
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular political repression boosts FDI hypothesis and arrives...
Persistent link: https://www.econbiz.de/10011397998
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Measuring firm activity from outer space
Bilicka, Katarzyna; Seidel, André - 2022 - This draft: April 2022
To understand how global firm networks operate, we need consistent information on their activities, unbiased by their reporting choices. In this paper, we collect a novel dataset on the light that factories emit at night for a large sample of car manufacturing plants. We show that nightlight...
Persistent link: https://www.econbiz.de/10013177119
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Global Diversification Discount and Its Discontents : A Bit of Self-Selection Makes a World of Difference
Chang, Sungyong - 2018
The documented discount on globally diversified firms is often cited, but a correlation is not per se evidence that global diversification destroys firm value. Firms choose to globally diversify based on their firm attributes, some of which may be unobservable. Given these exogenous firm...
Persistent link: https://www.econbiz.de/10012937736
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Globalisation and the mix of wage and profit taxes
Haufler, Andreas; Klemm, Alexander; Schjelderup, Guttorm - 2006
This paper analyses the development of the ratio of corporate taxes to wage taxes using a simple political economy model with internationally mobile and immobile firms. Among other results, our model predicts that countries reduce their corporate tax rate, relative to the wage tax, either when...
Persistent link: https://www.econbiz.de/10010439368
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Organizing the global value chain : a firm-level test
Del Prete, Davide; Rungi, Armando - In: Journal of international economics 109 (2017), pp. 16-30
Persistent link: https://www.econbiz.de/10011916395
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Internationalization, Diversification and Risk in Multinational Banks
Gulamhussen, Azzim - 2013
Since the beginning of the financial crisis, multinational banks have been accused of being among the major causes of the financial system's destabilization. But the available empirical evidence on the relationship between international diversification, value creation and riskiness of financial...
Persistent link: https://www.econbiz.de/10013089079
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Globalization and Location Choice : An Analysis of US Multinational Firms in 1980 and 2000
Flores, Ricardo G. - 2008
In this paper we examine foreign location choices of the top 100 US multinational corporations (MNCs) in 1980 and 2000. We first ask whether there has been a change in MNC foreign location choice in this two-decade period. Second, we explore the underlying reasons of location change by focusing...
Persistent link: https://www.econbiz.de/10012773443