We investigate whether banks in more heavily regulated markets are more likely to suffer from capital shortfall and thus contribute more to systemic (in)stability. Our cross-country empirical findings show that bank activity restriction, initial capital stringency and prompt corrective action...

Many U.S. IT companies began to realize the important role of tax planning in recent years and started strategically establishing retail subsidiaries in favorable tax jurisdictions. Significant increase of after-tax profits can be achieved by internally trading their own intellectual properties,...

Nowadays, to achieve sustainable development, many developing countries are worrying about the deteriorating lock-in issues of high carbon. Therefore, policies including tax break, consumer green education, and subsidy for green production are set out to motivate multinational firms (MNFs) to...