Download or read book Firm Heterogeneity and Choice of Ownership Structure written by and published by . This book was released on 2008 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investor Taxation Firm Heterogeneity and Capital Structure Choice written by Magdalena Haring and published by . This book was released on 2016 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the effect of investor level taxes, firm-specific ownership structure and firm-specific payout policy on firms' capital structure choice. Our analysis is based on data for 10,983 firms from 13 Central and Eastern European (CEE) countries over the time period 2002-2012. Our results show a significant impact of the net tax benefit of debt on the debt ratio of firms. Ignoring firm heterogeneity, an increase in the net tax benefit of debt by 10 percentage points leads to an increase in the debt ratio of 2.49 percentage points. Taking into account investor-level taxation and firm heterogeneity, an increase in the net tax benefit of debt of 10 percentage points leads to an increase in the debt ratio of only 1.27 percentage points, if the firm's largest individual domestic owner has more than 50% of the shares. If all individual domestic owners together have more than 50% of the shares, an increase in the net tax benefit of debt of 10 percentage points leads to a negligible increase in the debt ratio of 0.05 percentage points.
Download or read book Investor Taxation Firm Heterogeneity and Capital Structure Choice written by S. Rünger and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This papers analyses the effect of investor level taxes, company ownership structure and dividend payout policy on a company's capital structure choice. The analysis is based on data for 10,003 companies from 11 Central and Eastern European (CEE) countries over the period 2002-2012. The results show a positive impact from the net tax benefit of debt on the debt ratio of a company.
Download or read book Organization Design written by John Joseph and published by Emerald Group Publishing. This book was released on 2018-12-10 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Strategic Management is dedicated to communicating innovative, new research that advances theory and practice in Strategic Management. This volume focuses on organization design and collaborative ways of working.
Download or read book Firm Heterogeneity and Location Choice written by Toshihiro Okubo and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Comparative Advantage and Heterogeneous Firms written by Andrew B. Bernard and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than comparative disadvantage industries, and magnify ex ante comparative advantage to create additional welfare gains from trade. The relative ascendance of high-productivity firms within industries boosts aggregate productivity and drives down consumer prices. In contrast with the neoclassical model, these price declines dampen and can even reverse the real wage losses of scarce factors as countries liberalize.
Download or read book The Choice of Modeling Firm Heterogeneity and Trade Restrictions written by Matthew T. Cole and published by . This book was released on 2009 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Firm Heterogeneity and Multiproduct Firms in International Trade written by Hong Ma and published by . This book was released on 2009 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modeling and Control of Economic Systems 2001 written by R. Neck and published by Elsevier. This book was released on 2003-05-21 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains papers presented at the IFAC symposium on Modeling and control of Economic Systems (SME 2001), which was held at the university of Klagenfurt, Austria. The symposium brought together scientists and users to explore current theoretical developments of modeling techniques for economic systems. It contains a section of plenary, invited and contributed papers presented at the SME 2001 symposium. The papers presented in this volume reflect advances both in methodology and in applications in the area of modeling and control of economic systems.
Download or read book Capital Structure and International Debt Shifting written by Mr. Luc Laeven and published by International Monetary Fund. This book was released on 2007-02-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a model of a multinational firm''s optimal debt policy that incorporates international taxation factors. The model yields the prediction that a multinational firm''s indebtedness in a country depends on a weighted average of national tax rates and differences between national and foreign tax rates. These differences matter because multinationals have an incentive to shift debt to high-tax countries. The predictions of the model are tested using a novel firm-level dataset for European multinationals and their subsidiaries, combined with newly collected data on the international tax treatment of dividend and interest streams. Our empirical results show that corporate debt policy indeed not only reflects domestic corporate tax rates but also differences in international tax systems. These findings contribute to our understanding of how corporate debt policy is set in an international context.
Download or read book The Impact of Incomplete Contracts on Economics written by Philippe Aghion and published by Oxford University Press. This book was released on 2015-12-22 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession.
Download or read book German Multinational Firms in India written by Simon Gerschlauer and published by diplom.de. This book was released on 2010-05-05 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Introduction: Global foreign direct investment (FDI) has risen sharply in the 1990s. At the same time and even more strikingly FDI in emerging market economies has spurred dramatically. Arising at the end of the 20th century and only known from 19th century trading companies as the East India Company, FDI in developing and emerging markets represents today a new phenomenon. Traditionally, literature has mostly focused on FDI between industrialized countries, and publications on FDI in emerging markets remain relatively sparse. Yet, the rise of large emerging market countries such as China and India has attracted interest of an increasing number of multinational firms (MNFs). The combination of high real economic growth and new FDI regulation in these countries creates a specific environment where MNFs have to adjust corporate strategies for successful market penetration. Further, government s perception of FDI has changed towards increasingly attracting FDI. The present diploma thesis attempts to contribute to the broad issue of understanding why firms become multinational and why they invest in specific countries. Determinants affecting corporate strategies of MNFs and the influence of FDI related economic policies will be specifically analyzed for the case of German MNFs in India for two reasons: Firstly, India is of particular interest as its economy has been opened up remarkably for FDI as a consequence of the economic reform process in the early 1990s. FDI in India, one of the Asian emerging market countries, may therefore suitably represent recent FDI trends to developing and emerging market countries. FDI analysis in these countries often concentrates on China. Given that India is most prominently referred to the Chinese case in terms of economic perspective and potential FDI growth, the analysis allows to draw attention on a second large and prospective FDI player in the region. Secondly, a newly available firm-level dataset from the Deutsche Bundesbank provides detailed data on German FDI in India. The dataset allows to jointly analyze determinants of MNF decisions and host country location factors. The following thesis attempts to provide a (1) profound theoretical background, (2) empirical validation of theoretical predictions using firm-level data and management survey results and (3) implications on corporate strategy and economic policy. Project Organization: Section 2 provides the theoretical foundation by [...]
Download or read book The Routledge Companion to the Geography of International Business written by Gary Cook and published by Routledge. This book was released on 2018-05-08 with total page 1355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fields of Economic Geography and International Business share an interest in the same phenomena, whilst each provides both a differing perspective and different research methods in attempting to understand those phenomena. The Routledge Companion to the Geography of International Business explores the nature and scope of inter-disciplinary work between Economic Geography and International Business in explaining the central issues in the international economy. Contributions written by leading specialists in each field (including some chapters written by inter-disciplinary teams) focus on the nature of multinational firms and their strategies, where they choose to locate their activities, how they create and manage international networks and the key relationships between multinationals and the places where they place their operations. Topics covered include the internationalisation of service industries, the influence of location on the competitiveness of firms and the economic dynamism of regions and where economic activity takes place and how knowledge, goods and services flow between locations. The book examines the areas for fruitful inter-disciplinary work between International Business and Economic Geography and sets out a road map for future joint research, and is an essential resource for students and practitioners of International Business and Economic Development.
Download or read book Working Paper Series written by and published by . This book was released on 2003 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Public Economics written by Martin Feldstein and published by Elsevier. This book was released on 2002-01-25 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.
Download or read book ECIE 2017 12th European Conference on Innovation and Entrepreneurship written by Christophe Loué and published by Academic Conferences and publishing limited. This book was released on 2017-09-21 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Entrepreneurial Family Businesses written by Veland Ramadani and published by Springer Nature. This book was released on 2020-07-09 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an extensive overview of family business-related topics such as context and uniqueness, lifecycle and ownership configurations, conflict management, corporate governance, succession challenges, internationalization, innovation, and socioemotional wealth. Each chapter features clear learning objectives, key concepts and terminology, and dedicated case studies to demonstrate the main messages. The book not only considers the day-to-day dynamics in family businesses, but also places substantial emphasis on the entrepreneurial skills needed for these businesses to survive and thrive, today and tomorrow. In addition, it elaborates and discusses a number of best practice examples, which offer valuable guidance not only for scholars, but also for students who wish to study these challenges.
