We measure U.S. publicly traded companies’ exposures to skilled labor risk, i.e., the potential failure in attracting and retaining skilled labor, by the intensity of their discussions on this issue in their 10-K filings. We show that this measure effectively captures firm risk due to the mobility of skilled labor. We find that skilled labor risk is an important determinant of corporate compens...

We study how Chinese private entrepreneurs benefit from participating in politics. Using original hand-collected data on listed firms controlled by private entrepreneurs, we document a significant positive relationship between political participation and change in firm performance. We also provide evidence that the change in social status cannot explain the change in performance. We then identi...

Why Corporate Taxes May Rise: The Case of Trade Liberalization and Foreign Ownership* Almost all the literature on tax competition in the presence of multinationals (MNCs) and profit shifting ignores trade costs. This Paper studies how economic integration, in terms of reduced trade costs and internationalization of ownership, affects tax competition and equilibrium corporate taxes. We find tha...

The tax challenges of digitalization have been to the forefront national and international discussions on public revenues in recent years. digital transformation is seen as being an exacerbating factor erosion bases shifting profits low jurisdictions, particularly by multinational companies, thus reducing for governments. While there a large literature examining role ICT raising economic growth...

Tax and economy go hand in hand, whenever any overhaul tax structure takes place, it becomes essential to evaluate its effect on sector concerned businesses. The present study examines the of Goods Service (GST) Indian Micro, Small Medium Enterprises (MSMEs) business performance. Data were collected through a structured questionnaire from 404 registered MSMEs. partial least square equation mode...

Holtz, F., Behrens, H., Dingwell, D.B. and Taylor, R.P., 1992. Water solubility in aluminosilicate melts of haplogranite composition at 2 kbar. In: Y. Bottinga, D.B. Dingwell and P. Richet (Guest-Editors), Silicate Melts. Chem. Geol., 96: 289-302. The compositional dependence of H20 solubility was investigated at 2 kbar and 800 °C in haplogranite melts (system SiO2-NaAISi3Os-KA1Si308 or Qz-Ab-O...

Thermophysical properties of dense supercriiicai water with special emphasis on dielectric permittivity are discussed. Phase diagrams and some critical curves of the binary systems H20—H2, H2O—N, H20—02, H20-CH4 and H20-He to 450 °C and 200 MPa are shown. H20-He tas a type I critical curve. A rational equation of state to calculate phase diagrams and critical curves for polar—non polar systems ...

The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...