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Screen Now, Save Later? The Trade-Off between Administrative Ordeals and Fraud

Aman-Rana, Shan; Gingerich, Daniel W.; Sukhtankar, Sandip - National Bureau of Economic Research - 2023

Screening requirements are common features of fraud and corruption mitigation efforts around the world. Yet imposing these requirements involves trade-offs between higher administrative costs, delayed benefits, and exclusion of genuine beneficiaries on one hand and lower fraud on the other. We...

Persistent link: https://www.econbiz.de/10014322752

Dividend Taxes and the Allocation of Capital

Boissel, Charles; Matray, Adrien - National Bureau of Economic Research - 2022

higher dividend taxes increase the cost of capital and show that the tax-induced increase in liquidity relaxes credit …

Persistent link: https://www.econbiz.de/10013334318

Non-Profit Hospital Governance, Conduct, and CEO Pay

Kessler, Daniel P.; Wygal, William - National Bureau of Economic Research - 2024

We investigate whether two characteristics of non-profit hospital boards - the number of board members and whether the CEO is a board member - are associated with CEO pay and several measures of hospital performance, including price, operating margin, quality, and service to low-income patients....

Persistent link: https://www.econbiz.de/10015171681

Corporate Social Responsibility

Hong, Harrison G.; Shore, Edward P. - National Bureau of Economic Research - 2022

Is shareholder interest in corporate social responsibility driven by pecuniary motives (abnormal rates of return) or non-pecuniary ones (willingness to sacrifice returns to address various firm externalities)? To answer this question, we categorize the literature into seven tests: (1) costs of...

Persistent link: https://www.econbiz.de/10013477263

The Effect of Non-Wage Competition on Corporate Profits

Branikas, Ioannis; Chang, Briana; Hong, Harrison G.; Li, Nan - National Bureau of Economic Research - 2025

Most S&P 500 corporations disclose that their profits depend on non-wage competition for worker talent via workplace amenities like work-life balance. We quantify this dependence using a labor market matching model with endogenous amenities. When productive (unproductive) firms provide the...

Persistent link: https://www.econbiz.de/10015409903

Learning Firm Conduct : Pass-Through as a Foundation for Instrument Relevance

Dearing, Adam; Magnolfi, Lorenzo; Quint, Daniel; … - National Bureau of Economic Research - 2024

Researchers often test firm conduct models using pass-through regressions or instrumental variables (IV) methods. The former has limited applicability; the latter relies on potentially irrelevant instruments. We show the falsifiable restriction underlying the IV method generalizes the...

Persistent link: https://www.econbiz.de/10015056190

Why do firms hold so much cash? A tax-based explanation

Foley, C. Fritz - 2006

U.S. corporations hold significant amounts of cash on their balance sheets, and these cash holdings have been justified in the existing empirical literature by transaction costs and precautionary motives. An additional explanation, considered in this study, is that U.S. multinational firms hold...

Persistent link: https://www.econbiz.de/10012466012

Competition, Harmonization and Redistribution : Corporate Taxes in Switzerland

Brülhart, Marius; Köthenbürger, Marko; Krapf, Matthias; … - National Bureau of Economic Research - 2023

Switzerland could be considered as a test case for international corporate-tax policy coordination. It is a federation of 26 fiscally autonomous cantons that have been taxing corporate profits more or less independently for over a century. We document and discuss corporate taxation in...

Persistent link: https://www.econbiz.de/10014436961

International Trade Responses to Labor Market Regulations

Muñoz, Mathilde - National Bureau of Economic Research - 2023

variation in labor taxes and minimum wages faced by exporting firms engaged in a large European trade program. Firms from … different payroll taxes and minimum wages. These rules varied across countries, sectors, and over time. Reduced-form country … case-studies as well as model-implied gravity estimates show evidence of large trade responses to lower labor taxes and …

Persistent link: https://www.econbiz.de/10014437007

Evaluating Tax Harmonization

Hines, James R. - National Bureau of Economic Research - 2023

Tax harmonization entails a uniform rate that may not suit all governments. Harmonization can advance collective governmental objectives only if the standard deviation of tax rates is less than the average downward effect of tax competition on rates. Since an efficient harmonized tax rate undoes...

Persistent link: https://www.econbiz.de/10014437031