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United v. Federal Election Commission ruling provides an exogenous shock to corporate campaign spending, allowing …
Persistent link: https://www.econbiz.de/10013362006
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This paper investigates the value of firm political connections to US congressional candidates using a regression discontinuity design. In a sample of close special elections occurring at times unrelated to firm-specific economic events or broader political events, I compare the abnormal returns...
Persistent link: https://www.econbiz.de/10013074944
candidates and find that post-election abnormal equity returns are 3% higher for firms donating to winning candidates …
Persistent link: https://www.econbiz.de/10013037151
This paper investigates the value of firm political connections to US congressional candidates using a regression discontinuity design. In a sample of close special elections occurring at times unrelated to firm-specific economic events or broader political events, I compare the abnormal returns...
Persistent link: https://www.econbiz.de/10013078734
Studies of spatial policy interdependence in (local) public policies usually concentrate on the relations between jurisdictions within a single analysed region, and disregard possible extra-regional effects. However, the theoretical spatial statistics literature shows that biased estimates might...
Persistent link: https://www.econbiz.de/10009687952
East Germany exhibit low tax revenues per capita of only about 50 % of the German average. A study of the Dresden … channels which cause lower tax revenues in East Germany. These are the deadlock GDP gap to the West German economy, federal tax …. The authors conclude that the main sources of the disproportionately low fiscal capacity of East Germany cannot be …
Persistent link: https://www.econbiz.de/10011856718
This paper addresses the question of how firms react to tax incentives in a formula apportionment (FA) tax regime. Under FA, profits of all consolidated entities of a business group are summed and then allocated according to a formula based on FA factors. We hypothesize that firms may change the...
Persistent link: https://www.econbiz.de/10011401184
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