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findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …
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This study examines the role of managers’ political campaign contributions in relation to their firms’ tax benefits … firm. Using a major tax law change, we find that firms’ political action committee contributions and individual managers … contributions to be an increasing function of managers’ wealth effects through the existence of bonus plans that are based on after …
Persistent link: https://www.econbiz.de/10014034995
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This paper analyzes the relevance of firm losses for tax revenues and welfare when switching from separate accounting to a system of tax base consolidation with formula apportionment. We find that a system change unambiguously decreases tax revenues in the short run, in which neither firms nor...
Persistent link: https://www.econbiz.de/10012960117
This paper analyzes the relevance of firm losses for tax revenues and welfare when switching from separate accounting to a system of tax base consolidation with formula apportionment. We find that a system change unambiguously decreases tax revenues in the short run, in which neither firms nor...
Persistent link: https://www.econbiz.de/10011611957
Persistent link: https://www.econbiz.de/10011975579
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