Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/18718
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Ramb, Fred | en |
dc.contributor.author | Weichenrieder, Alfons J. | en |
dc.date.accessioned | 2009-01-28T15:52:23Z | - |
dc.date.available | 2009-01-28T15:52:23Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18718 | - |
dc.description.abstract | The paper analyses the financial structure of German inward FDI. From a tax perspective,intra-company loans granted by the parent should be all the more strongly preferred overequity the lower the tax rate of the parent and the higher the tax rate of the German affiliate.From our study of a panel of more than 8,000 non-financial affiliates in Germany, we findonly small effects of the tax rate of the foreign parent. However, our empirical results showthat subsidiaries that on average are profitable react more strongly to changes in the Germancorporate tax rate than this is the case for less profitable firms. This gives support to thefrequent concern that high German taxes are partly responsible for the high levels of intracompanyloans. Taxation, however, does not fully explain the high levels of intra-companyborrowing. Roughly 60% of the cross-border intra-company loans turn out to be held by firmsthat are running losses. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1355 | en |
dc.subject.jel | H25 | en |
dc.subject.jel | F23 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | foreign direct investment | en |
dc.subject.keyword | financial structure | en |
dc.subject.keyword | taxation | en |
dc.subject.keyword | Germany | en |
dc.subject.stw | Direktinvestition | en |
dc.subject.stw | Internationale Finanzierung | en |
dc.subject.stw | Kapitalstruktur | en |
dc.subject.stw | Auslandsniederlassung | en |
dc.subject.stw | Steuerbelastung | en |
dc.subject.stw | Deutschland | en |
dc.title | Taxes and the financial structure of German inward FDI | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 477479529 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.