Tax provisioning by extractive industry multinational subsidiaries

Internal capital markets and lending by multinational bank subsidiaries

We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the largest multinational bank holdings to analyze what determines the credit growth of their subsidiaries. We find evidence for the existence of internal capital markets through which multinational banks manage the credit growth of their subsidiaries. Multinational bank subsidiaries with financially st...

Multinational Firms Mitigate Tax Competition

An increase in the taxation of foreign affi liates reduces domestic investment, as has recently been empirically shown in Becker and Riedel (2012). This paper investigates the implication of this finding for tax competition. It is shown that an increase in the number of multinational firms (in contrast to purely national firms) may actually mitigate tax competition — counter to the popular opin...

The Evolution of Innovative Competencies in Subsidiaries of Multinational Companies

In order to better understand the competitiveness of companies and with this their surrounding regions, economic geographers have focused on competencies in manufacturing companies for more than two decades. This paper discusses the development of innovative competencies at plant level. Using subsidiaries of international automotive supply companies in Poland as an example, we analyze and typif...

Entrepreneurship in Multinational Subsidiaries: the Effects of Corporate and Local Environmental Contexts 2 Entrepreneurship in Multinational Subsidiaries: the Effects of Corporate and Local Environmental Contexts

Book-Tax Conformity: Implications for Multinational Firms

This paper examines the implications for multinational firms of recent proposals to conform tax and financial reporting (i.e., book-tax conformity). Proponents of book-tax conformity argue that the current dual system in the U.S. allows firms to simultaneously manage their taxable income down while managing their book income upward. By requiring book-tax conformity, they contend that firms will...