We examine the impact of corporate geographic location on tax planning in U.S. firms from 1996–2018. We find that urban firms are associated with a significantly lower level of aggressive tax planning than rural firms. Further analysis shows that the soft information advantage to investors and...

The subject of this paper is to analyze the utilization of cryptocurrencies in international business. The objectives of the research are to provide the scientific and professional public, researchers and practitioners with an overview of current research on blockchain technology in the economy...

The effect of Outward Foreign Direct Investment (OFDI) on multinational enterprises’ innovation in emerging economies remains controversial. From the perspective of motivational diversification, this study examines the impact of OFDI on a parent company’s innovation performance, using the...

Research AbstractThis study analyzes the association between income shifting incentives and share repurchases using a hand-collected sample of U.S. multinational corporations (MNCs) from 2006 to 2020. We find a significant negative association between income shifting and share repurchases....

Multinational corporations repatriate foreign profits through dividends, royalties, and interest paid by foreign affiliates to their parent firms. International tax rules concerning how to tax repatriated foreign earnings influence decisions on profit repatriation. In 2009, Japan introduced a...

Country-by-Country Reports (CbCRs) have emerged as a unique public source of information to track the country-by-country activities of multinational corporations. However, concerns about double counting and comparability have raised questions about the reliability of these reports for economic...

This study examines how foreign competition affects the capital structure of domestic firms, using Chinese firm-level data. We find that imports and inward foreign direct investment (FDI) have varying effects on a firm's leverage, indicating heterogeneity in the impact of different types of...

Good organizational capacity drives productivity and potential taxable profits, but may also enable multinationals (MNEs) to more efficiently re-allocate profits across tax jurisdictions, lowering actual taxable profits. We show that MNE subsidiaries with better organizational capacity report...

This paper examines the stock market exposures of French and German firms to the Korean won and the Japanese yen. If a European firm competes with an Asian firm, an appreciation of the euro relative to its competitors’ currency should lower its profitability and its stock price. If a European...

This paper aims to advance research on transnational corporations (TNCs) and international business policy by identifying the role and influence of foreign-owned TNCs in global value chains (GVCs) compared with those of domestically owned firms. We do this by dividing the topology of trade in...