Delis, Fotis; Delis, Manthos D.; Laeven, Luc; Ongena, Steven - 2023
We provide estimates of profit shifting for over 2 million firm-year observations in 100 countries over the period 2009-2020. Employing nonparametric estimation techniques within a mainstay model of profit shifting, we examine how profits for both parent and subsidiary firms within a...