This paper establishes optimal rules for capital income and profits taxation in the open economy with or without foreign ownership of domestic firms. We show that if there are constraints on the feasibility of profits taxation, both saving and investment taxes generally enter the optimal tax package...
allowing them to apply for up to 51% ownership in a Chinese fund management firm. In addition, the regulator said it intended to remove the 51% cap by 2021, allowing foreign firms 100% ownership of domestic asset managers.
Production under foreign ownership and domestic volatility: An empirical investigation at the sector level The main goal of this paper is to assess empirically to which extent the volatility of production is due to activities of firms under foreign ownership. Fo... S Levasseur - 《Documents De Tr...
typically by controlling ownership in a foreign company. This form of investment is characterized by significant control over the foreign enterprise, often defined as owning 10% or more of the voting stock. FDI is usually part of a long-term commitment. It can take various forms, ...
We use a unique panel dataset to test the foreign ownership premium by comparing our sample of firms based in Italy and owned by a foreign subject with a sample of purely domestic firms that, in order to have a proper counterfactual, were selected using propensity score matching. Our ...
Foreign ownership and firm value: Evidence from Australian firms. Asia- Pacific Financial Markets, 21, 69-96.Ferris, Stephen P., and Kwangwoo Park, 2005, Foreign ownership and firm value: Evidence from Japan, in Mark Hirschey, Kose John, Anil K. Makhija (ed.) Corporate Governance, Advances...
This paper explores how industrial linkages, firm capabilities, and the geographic location of domestic firms affect the diffusion of technology brought by foreign direct investment. I hypothesize that local firms are more likely to improve efficiency when they receive better product inputs from foreign...
-ownedforeignfirmsandthosewithjointdomesticandforeignownership.Keywords:spillovers,foreigndirectinvestment,technologytransferJELclassification:F23WorldBankPolicyResearchWorkingPaper2923,October2002ThePolicyResearchWorkingPaperSeriesdisseminatesthefindingsofworkinprogresstoencouragetheexchangeofideasaboutdevelopmentissues.An...
The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign multinati...
BEIJING, May 12 (Xinhua) -- China will lift the foreign ownership caps of certain shipping firms in the Hainan free trade port as part of efforts to boost the port's development, an official statement said Wednesday. The removal of the limits, effective from May 5, will apply only to sh...