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Using accounting data in cartel damage calculations : blessing or menace?
Paha, Johannes - 2009
can consistently be estimated from accounting data. An estimation of cartel-damages is performed for four vitamins …-frequency of accounting data pose a challenge to the estimation of cartel damages. A further challenge is to appropriately reflect …Standard methods for calculating cartel-damages rely on data of prices charged and quantity sold. Such data may not …
Persistent link: https://www.econbiz.de/10003852266
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International Cartels and Bilateral Trade : An Empirical Investigation
Agnosteva, Delina - 2016
model of trade and the Poisson Pseudo Maximum Likelihood (PPML) estimator. Using a rich cartel data set that contains … OECD countries for the period from 1988 until 2012, I estimate the effect of each cartel on trade individually and find … being positive. In a preliminary second-stage analysis, I also examine the potential determinants of these deferring cartel …
Persistent link: https://www.econbiz.de/10014143050
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Product Market Threats and the Value of Corporate Cash Holdings
Chi, J. Daniel - 2020
We construct a model to show that predatory strategies by a financially strong rival can cause a financially weak firm to underinvest. This threat intensifies when the two firms produce similar products and share similar future investment opportunities. We show that cash holdings become more...
Persistent link: https://www.econbiz.de/10012857111
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Thin capitalization rules and multinational firm capital structure
Blouin, Jennifer L.; Huizinga, Harry; Laeven, Luc; … - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10010256736
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Does Corporate Taxation Affect Cross-Country Firm Leverage?
De Socio, Antonio - 2013
We evaluate the relation between firm leverage and taxation of corporate income using a dataset of mostly unlisted European corporations, highly representative of medium-sized and large firms. We use a correlated random effect approach in order to take into account unobserved heterogeneity and...
Persistent link: https://www.econbiz.de/10013088007
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The Levered Returns of Leveraged Buyouts : The Impact of Competition
Braun, Reiner - 2017
This paper investigates the relationship between leverage and returns in private equity buyout transactions. In contrast to the predictions of traditional capital structure theory, we find that transactions financed with large amounts of debt are associated higher transaction prices and lower...
Persistent link: https://www.econbiz.de/10012970922
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Thin Capitalization Rules and Multinational Firm Capital Structure
Blouin, Jennifer - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10013055986
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Thin Capitalization Rules and Multinational Firm Capital Structure
Blouin, Jennifer - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10013058436
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Thin Capitalization Rules and Multinational Firm Capital Structure
Blouin, Jennifer - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10013060793
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Employee Satisfaction, Labor Protection, and Firm Leverage Around the World
Li, Lucius - 2022
This paper studies the effect of labor protection on the relation between employee satisfaction and firm capital structure across 32 countries. The stakeholder theory of capital structure states that firms whose values are derived largely from their human capital tend to maintain a lower debt...
Persistent link: https://www.econbiz.de/10013404241