ABSTRACT Although determinants of cross-border merger and acquisitions (M&As) have received substantial attention in the literature, research examining effect tax system characteristics on M&As is more limited. Cross-border implications for both acquiring firm target firm. Because firms evaluate investments based expected after-tax returns, I expect that managers consider potential savi...

ABSTRACT Securities litigation is relatively rare, but can significantly affect sued firms. We extend this research by examining the spillover effect of securities on industry peers using a sample disclosure-related litigation—distinct from events such as restatements and SEC enforcement. find investors respond immediately exhibit negative abnormal returns before after case filings. Additionall...

ABSTRACT The Tax Cuts & Jobs Act of 2017 (TCJA) limited interest deductibility. Using a difference-in-differences design, we show that following the enactment new limitations, affected firms significantly decrease their leverage. Specifically, find relative to unaffected U.S. firms, leverage by 7.6 percent assets, corresponding $330 million per firm and $84.8 billion for treatment sample. T...

Abstract MWC 349A is a massive star with well-known circumstellar disk rotating following Keplerian law, and an ionized wind launched from the surface. Recent observations Atacama Large Millimeter/submillimeter Array (ALMA) carried out toward this system, however, have revealed additional high-velocity component in strong, maser emission of hydrogen radio recombination lines (RRLs), suggesting ...

This study uses " Multiple Indicators – Multiple Causes" (MIMIC) approach to model the causal relations between main variables, which determine the underground economy in Iran. we Basically, it examines the relationship between underground and official GDP in Iran, using annual time-series data for Iran during 1965 – 2005. Accordingly, it is found that the estimated size of the underground ...

Longitudinal torsional coupled rotary ultrasonic–assisted drilling (LTC-RUAD) technology is introduced to improve the surface roughness of hole-wall and solve tear, burr, delamination carbon fiber–reinforced polymers (CFRPs) induced by large thrust force torque during conventional (CD). An experiment scale-span numerical investigation CFRPs were presented for both CD LTC-RUAD processes in this ...

This paper examined the nexus between tax havens and illicit financial flow of funds with particular reference to capital flows out African continent. Qualitative content analysis method supported empirical data obtained from multilateral agencies was used for study. The dataset covered forty-four (44) countries period 2005-2014 respectively. Results revealed that absence political will, weak i...