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Taxing mobile and overconfident top earners

Haufler, Andreas; Nishimura, Yukihiro - 2022 - Revised version, February 2022

are not. When governments maximize tax revenues, we show that overconfidence unambiguously reduces the bonus tax rate that … overconfidence is increased. …

Persistent link: https://www.econbiz.de/10013193271

Overconfidence and bailouts

Gietl, Daniel - 2018

Empirical evidence suggests that managerial overconfidence and government guarantees contribute substantially to … excessive risk-taking in the banking industry. This paper incorporates managerial overconfidence and limited bank liability into … overestimates the returns to effort and risk. We find that managerial overconfidence necessitates an intervention into banker pay …

Persistent link: https://www.econbiz.de/10011975913

Matching for risk-taking : overconfident bankers and government-protected banks

Haufler, Andreas; Kassner, Bernhard - 2024

that have different degrees of overconfidence. The channel through which the matching occurs is the share of bonus payments …

Persistent link: https://www.econbiz.de/10015065269

Managerial overconfidence and bank bailouts

Gietl, Daniel; Kassner, Bernhard - In: Journal of economic behavior & organization : JEBO 179 (2020), pp. 202-222

Persistent link: https://www.econbiz.de/10012486749

The Uses of Trusts in Income Tax Planning

Richardson, Ivor - 2015

Evident on both sides of the Tasman has been an increase in the use of trusts for tax planning purposes, brought about by high tax rates in the middle income ranges. This article seeks to answer why the trust is such a successful vehicle for income tax planning, discussing the scheme and...

Persistent link: https://www.econbiz.de/10013036241

Taming overconfident CEOs through stricter financial regulation

Kassner, Bernhard - 2023

A large body of literature finds that managerial overconfidence increases risk-taking by financial institutions. This … introduced after the financial crisis as a natural experiment, I find that overconfidence-induced risk-taking decreases in … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …

Persistent link: https://www.econbiz.de/10014477386

Societal Trust and Corporate Tax Avoidance

Kanagaretnam, Kiridaran (Giri) - 2019

Using an international sample of firms from 25 countries and a country-level index for societal trust, we document that societal trust is negatively associated with tax avoidance, even after controlling for other institutional determinants such as home country legal institutions and tax system...

Persistent link: https://www.econbiz.de/10012898901