| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2543 |
| DP2543 Why Pay More? Corporate Tax Avoidance Through Transfer Pricing in OECD Countries | |
| Roel Beetsma; Eric J Bartelsman | |
| 发表日期 | 2000-08-29 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper studies the link between public trading and the activity of a firm's large shareholder who can affect firm value. Public trading results in the formation of a stock price that is informative about the large shareholder's activity. This increases the latter's incentives to engage in value increasing activities. Indeed, if he has to liquidate part of his stake before the effect of his activity is publicly observed, a more informative price rewards him for his activity. Implications of this perspective are derived for the decision to go public and security design. |
| 主题 | Financial Economics |
| 关键词 | Public trading Stock price information Blockholder incentives |
| URL | https://cepr.org/publications/dp2543 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531617 |
| 推荐引用方式 GB/T 7714 | Roel Beetsma,Eric J Bartelsman. DP2543 Why Pay More? Corporate Tax Avoidance Through Transfer Pricing in OECD Countries. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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