Narrow search
Showing 1 - 10 of 17,807
Cover Image
Konzessionsmodelle für Fernstraßen in Deutschland : eine ökonomische Analyse der Risikoallokation beim F- und A-Modell
Beckers, Thorsten; Hirschhausen, Christian R. von - 2003
This paper analyzes the risk allocation in concession models for German highways, according to the "F-Model" and the "A … concession models. Next, theoretical backgrounds and rules of thumb for risk allocation in concessions for road infrastructure … are presented and applied to the F- and A-Model. Both models show significant weaknesses with regard to risk allocation …
Persistent link: https://www.econbiz.de/10011439406
Cover Image
Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong decreasing age-dependent trend in it. To understand...
Persistent link: https://www.econbiz.de/10012583062
Cover Image
Boon or bane of advance tax rulings as a measure to mitigate tax uncertainty and foster investment
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2015
Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used as a measure to provide tax certainty. Rulings are currently controversially discussed in the context of tax planning activities of multinational firms (Luxembourg Leaks). We analyze ATRs as tax...
Persistent link: https://www.econbiz.de/10010511375
Cover Image
Do investors request advance tax rulings to alleviate tax risk (and do tax authorities provide them)? : a joint taxpayers' and tax authorities' view on investment behavior
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2014
Politicians and tax practitioners often claim that tax uncertainty negatively affects investment. In many countries, firms can request fee-based Advance Tax Rulings (ATRs) to mitigate tax uncertainty. We analyze theoretically the circumstances under which investors request ATRs, how tax...
Persistent link: https://www.econbiz.de/10010422137
Cover Image
Do investors request advance tax rulings to alleviate tax risk (and do tax authorities provide them)? : a joint taxpayers' and tax authorities' view on investment behavior
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2014
Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used to provide tax certainty. We analyze ATRs from the taxpayers' and tax authorities' perspectives. Investors request ATRs if the fee does not exceed a certain threshold. We integrate this finding into...
Persistent link: https://www.econbiz.de/10010357916
Cover Image
Pay for tax certainty? : advance tax rulings for risky investment under multi-dimensional tax uncertainty
Chen, An; Hieber, Peter; Sureth, Caren - 2022
In this study, we use advance tax rulings (ATR) to investigate the impact of fee-based tax certainty on risky investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multi-dimensional nature of tax uncertainty from tax reforms and tax audits in expected...
Persistent link: https://www.econbiz.de/10013460094
Cover Image
Pay for Tax Certainty? Advance Tax Rulings for Risky Investment under Multi-Dimensional Tax Uncertainty
Chen, An; Hieber, Peter; Sureth-Sloane, Caren - 2022
In this study, we use advance tax rulings (ATR) to investigate the impact of fee-based tax certainty on risky investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multidimensional nature of tax uncertainty from tax reforms and tax audits in expected...
Persistent link: https://www.econbiz.de/10014244659
Cover Image
Strategic Disclosures of Litigation Loss Contingencies When Customer–Supplier Relationships Are at Risk
Cen, Ling - 2017
In the presence of litigation facing suppliers, the supply-chain relationship is at risk. Suppliers with principal customers (dependent suppliers) have a higher concentration of sales to customers, and they are more at risk relative to suppliers without principal customers (non-dependent...
Persistent link: https://www.econbiz.de/10012974094
Cover Image
Signalling under Uncertainty : The Case of IFRS Adoption
Ghani, Osman - 2019
This paper examines the liquidity, Tobin's Q, and cost of equity effects from voluntary and mandatory IFRS adoption. In contrast to prior work, we focus on the firm level heterogeneity in the economic consequences, recognising that the level of uncertainty avoidance (UAI) in a country will...
Persistent link: https://www.econbiz.de/10012905363
Cover Image
Idiosyncratic risk and the cost of capital : the case of electricity networks
Schober, Dominik; Schäffler, Stephan; Weber, Christoph - 2014
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities … regulation. In contrast, it is common to apply only a single benchmark, the weighted average cost of capital (WACC), uniformly to ….0 percentage points depending on the size of the firm (in the range of 3% to 40% of total cost of capital). Regulation of …
Persistent link: https://www.econbiz.de/10010234037