We examine the impact of R&D intensity and agency costs on the value of firms across 13 economies. We find that R&D adds value while high agency costs reduce value. R&D adds value, however, even when agency costs are high. We show that in those firms where agency costs are high and R&D intensity...

Purpose: This study aims to analyze tax revenue in the presence of double tax treaties affecting social welfare of the inhabitants in the Sub-Saharan African (SSA) developing economies, whose fiscal regimes are being branded as responsible for exacerbating poverty for the inhabitants. This...

Mark Stewart is professor of civil engineering and director of the Centre for Infrastructure Performance and Reliability at University of Newcastle, Australia. He is currently a visiting scholar at the Mershon Center for International Security Studies. In his presentation, Stewart will discuss...