The article refers to the interplay between deregulation resp. liberalization of the telecommunications sector and the market behaviour of TC-firms. In the past monopolization of the sector left the PTTs in a comfortable national monopolistic situation, but substantially confined their scope of...

This article examines the location choices of cross-border Mergers and Acquisitions (M&A) between OECD members´ firms in the 1990`s. In addition to traditional determinants of FDI, we estimate the impact of specific factors affecting the M&A location pattern. Two distinct econometric methods...

I provide evidence on the group structures of multinationals and analyze to what extent these structures are tax efficient. While the corporate income tax can hardly be avoided if a subsidiary is active in a country, withholding taxes depend on the structure in which the subsidiary is embedded....

In diesem Beitrag wird aufgezeigt, dass die Harmonisierung der Gewinnermittlung innerhalb der EU zahlreiche Zusatzvorteile aufweist und dass es sich lohnt, die Arbeiten an der GKB / GUB zu einem erfolgreichen Abschluss zu bringen. Mit einer GKB / GUB lassen sich für zahlreiche, seit langem...

We analyze the impact of changes in thin capitalization rules on corporations' capital structure. Thin capitalization rules prevent firms from deducting excessive interest expenses from their tax base. As of 2008, Germany has severely changed its thin capitalization rule by targeting interest...

The scientific literature provides evidence for an impact of company taxes on investments. Practitioners, however, have a skeptical view on the meaning of this effect. This paper builds the bridge between research and the interested practice by providing detailed descriptives and clearly showing...

Can multinational firms exert more power than national firms by influencing politics through lobbying? To answer this question, we analyze the extent of national environmental regulation when policy is determined in a lobbying game between a government and firm. We compare the resulting...

Ebben a tanulmányban az innováció és a vállalati teljesítmény közötti kapcsolatot vizsgáljuk az EU-tagállamok rendszeres közösségi innovációs felmérésének (CIS) magyar adatai segítségével. Az innovációs adatokat összekötjük a mérlegadatokkal, valamint a...

This paper surveys tax haven legislation and links the literature on tax havens to the literature on asymmetric information. I argue that the core aim of tax haven legislation is to create private information (secrecy) for the users of tax havens. This leads to moral hazard and transaction costs...

This book explores the relationship between the material standard of living and health, both across countries and over time. Above all, Deaton is interested in the question of whether income growth contributes significantly to better health. His answer is no: saving lives in poor countries is...