Finance and Accounting: Recent submissions
Now showing items 51-55 of 396
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Corporate Diversification and Stock Risk: Evidence from a Global Shock
(Elsevier, 20 December 2021)We investigate the impact of corporate diversification on stock risk. For identification, we exploit an exogenous shock on volatility expectations related to COVID-19 lockdowns resulting in a period of high volatility. We ... -
Political affinity and investors' response to the acquisition premium in cross‐border M&A transactions — A moderation analysis
(Wiley / Strategic Management Society, 20 July 2021)This article investigates the moderating effect of political affinity between countries on investors' reactions to the premium in cross-border acquisitions (CBAs). Based on a sample of 1,183 CBAs between 1999 and 2018, we ... -
Natural disasters and economic growth: The role of banking market structure
(Elsevier, 21 October 2021)Following a natural disaster, the rate of economic growth recovers faster in less competitive banking markets. A 10% reduction in competition increases the rate of economic growth by 0.3%. In less competitive markets, banks ... -
What Tax Morale? A Moral Anthropological Stance on a Failed Cooperative Compliance Initiative
(University of Exeter / Chartered Institute of Taxation, 11 February 2019)This article sheds light on why cooperative compliance initiatives can fail even when introduced in a country where tax compliance is deemed to be high and which has a “successful” tax administration that scores high on ... -
Taxing Large Businesses: Cooperative Compliance in Action
(Springer / Centre for European Policy Studies / German National Library of Economics, 31 May 2019)Cooperative compliance represents a shift in thinking for tax administrations, away from a deterrence approach where taxpayers are coerced to comply with tax rules and threatened by audits and penalties, toward a more ...