Using a new measure on the concentration of controlling shareholders’ wealth within a business group (i.e., controlling shareholders’ value), this paper investigates whether and how controlling shareholders’ value affects corporate tax planning. Based on a sample of Korean business groups...

This paper studies strategic consumer shopping behavior in response to a macroeconomic policy in the case of currency reform, and quantifies its unintended consequences for retailers vis-a-vis the policy goal. Using transaction-level data from a large retail chain in India, we document consumer...