We analyze the determinants of R&D cooperation for SMEs in Italy. We introduce in the literature human capital as one of the main determinants of R&D cooperation, concentrating on its moderating role, and specifically focusing on the high-tech sector. Using an extremely rich dataset, we improve...

Tax-motivated profit shifting is an increasingly important element in the agenda of academics and policy-makers in the effort to understand tax-planning behavior and to promote tax fairness. In this research, we view profit shifting as the outcome of corporate governance characteristics of...

We investigate the impact of social activism on financial system stability. Financial stability was analysed from two complementary perspectives: bank-led financial stability and financial system stability driven by sector-wide credit supply. Social activism was analysed from three perspectives:...

This paper analyses the determinants of business R&D choices. In particular, it provides new empirical evidence on the effectiveness of fiscal policies aimed at driving companies to invest in R&D activity. By computing two very accurate proxies for firm-specific tax savings achievable when...

Presumptive taxation methods are policy tools widespread adopted by fiscal authorities with the aim to improve voluntary tax compliance and to fight tax evasion. Such methods allow authorities to uncover firms’ under-reporting, but face several limits. In particular, presumptive taxation...

How does corporate taxation affect the life cycle of firms? A change in profit-tax rates affects the life cycle of firms through wages and through firm selection. We quantify these effects by looking at the average size of young and mature US firms 30 years after the Reagan Tax Cuts. We...

Purpose: Sustainable Finance (SF) contributes to better development and better Finance for Economic growth. Sustainable development is protecting and restoring the ecological system. SIDBI, NITI Aayog, and World Bank facilitate Sustainable Finance to encourage businesses to grow from Small...

Tax incentives are a common policy to attract investment and create formal employment in developing countries. However, scarce evidence is available that study the impact of such reforms. This paper estimates the effect of the Organic Law for Productive Development, Attraction of Investments,...

This article studies the effects of tax thresholds on the behavior of small firms using the tax administration data of the universe of the Albanian firms during and after the anti-informality campaign of the year 2015. The main comparisons are between the year 2014, 2015 and 2016. The features...

Belgium met its Europe 2020 target that Research and Development (R&D) expenditures should equal 3% of Gross Domestic Product. This report presents the results of an evaluation of the extent to which public support to business R&D has been instrumental in reaching this target, by stimulat-ing...