In this paper we show that hiring a Big 4 auditor results in substantial corporate income tax savings, compared to hiring a non-Big 4 auditor. Our results are obtained from an empirical model that controls for other factors that may affect companies' income tax burdens. We use a population of...

This paper uses a unique micro-level data-set on Chinese firms to test for the existence of a 'political-pecking order' in the allocation of credit. Our findings are threefold. Firstly, private Chinese firms are credit constrained while State-owned firms and foreign-owned firms in China are not;...

This paper develops a model where firms across countries differ in their capacity to innovate. Our main goal is to study firm level innovation under various trade policy shocks. We consider two countries where firms across countries are heterogeneous in their innovation efficiencies. We find...

In this paper we investigate to what extent firm investment in transition countries is sensitive to internal finance. We use accounts data of over 4000 companies in four countries at different stages of transition. We find that firms in Bulgaria and Romania are less sensitive to internal...

Advocates of antidumping (AD) laws downplay their effects by arguing that the trade flows that are subject to AD are small and their distortions negligible.This paper is the first to counter that notion by quantifying the worldwide effect of AD laws on aggregate trade flows.The recent...

In this paper, the authors consider a European industry characterized by vertical product differentiation. Using a two-stages model with quality choice made before price competition takes place, the authors show that EU antidumping policy that takes the form of price-undertaking offers a...

In dit artikel rapporteren we de resultaten van een schriftelijke rondvraag bij 370 Belgische bedrijven naar prijszetting en kostprijsberekening in de praktijk. Hierover bestaan er reeds verscheidene internationale studies, maar voor België is dit niet het geval. De ondernemingen in onze...