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Replication data for: Corporate Taxes and Internal Borrowing within Multinational Firms

Version
1
Resource Type
Dataset
Creator
  • Egger, Peter
  • Keuschnigg, Christian
  • Merlo, Valeria
  • Wamser, Georg
Publication Date
2014-01-01
Description
  • Abstract

    This study develops a theoretical model of a multinational firm with an internal capital market. Hypotheses regarding the role of local versus foreign characteristics such as profit tax rates, lack of institutional quality, financial underdevelopment, and productivity for internal debt financing at the level of foreign affiliates are derived and assessed empirically in a panel dataset covering the universe of German multinationals. We show that differences in nontax incentives given by fundamentals in local and foreign markets can offset or reinforce tax incentives. The results point at a many times higher tax-sensitivity of internal debt financing compared to previous research.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/pol.6.2.54 (Text)
Publications
  • Egger, Peter, Christian Keuschnigg, Valeria Merlo, and Georg Wamser. “Corporate Taxes and Internal Borrowing within Multinational Firms.” American Economic Journal: Economic Policy 6, no. 2 (May 2014): 54–93. https://doi.org/10.1257/pol.6.2.54.
    • ID: 10.1257/pol.6.2.54 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Egger, Peter; Keuschnigg, Christian; Merlo, Valeria; Wamser, Georg (2014): Replication data for: Corporate Taxes and Internal Borrowing within Multinational Firms. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114863V1