Real Effects of Private Country-by-Country Disclosure

نویسندگان

چکیده

ABSTRACT We investigate the effects of mandatory private Country-by-Country Reporting (CbCR) to European tax authorities on multinational firms' capital and labor investments, as well their organizational structures. exploit threshold-based application this 2016 disclosure rule conduct difference-in-differences regression discontinuity tests. document increases in expenditures Europe, but these are more pronounced countries with preferential regimes. Cross-sectional tests analysis using consolidated financial data provide evidence consistent firms reallocating across Europe mitigate increased enforcement risk, CbCR hindering investment efficiency. also find responding by reducing complexity. Collectively, our results support conclusion that causes change real activities substantiate avoidance while appearance aggressive practices. JEL Classifications: H20; H25; H26; H32; K22; L51; M41; M48; O47.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Public and Private Insurance Cross country evidence and a model

Insurance provision di¤ers across developed countries both in terms of total amounts expended, and of whether it is supplied via public schemes or private contractual arrangements. We propose a model where insurance is limited by the need to elicit unobservable e¤ort; entails implementation costs that may di¤er for public and private entities; and tends to be more desirable when liquidity const...

متن کامل

Modelling Country Reliability in Public Private Partnership Infrastructure Proejcts

Most Public Private Partnership (PPP) infrastructure projects especially in emerging markets carry a high amount of economic foreign exchange (FX) exposure. Risk mitigation instruments (RMI) are frequently implemented by governments to compensate FX loss in the Special Purpose Company (SPC). The experience of many investors is an underestimation of the risk that governments would refuse to read...

متن کامل

Lowering private investor risk to build a healthier country.

A slew of highly inno vative, private local and international, socially conscious companies are starting to improve health care outcomes in southern Africa – with some garnering investor returns of between 8% and 10% on debt funds and up to 35% in equity returns. This emerged in a panel discussion entitled ‘Investing for impact’ during the Inclusive Healthcare Innovation Summit organised late l...

متن کامل

Country-of-origin Effects on Product Evaluations

This article reviews the literature regarding the effect of country of origin on buyer evaluations of products. The issue is important for countries (especially resource-poor, developing countries) that need to increase manufactured exports and for firms that source products in countries different from where sold. Marketing inferences are drawn, and implications for future research are develope...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: The Accounting Review

سال: 2021

ISSN: ['1558-7967', '0001-4826']

DOI: https://doi.org/10.2308/tar-2020-0714