| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7196 |
| DP7196 International Labor Standards and the Political Economy of Child Labor Regulation | |
| Fabrizio Zilibotti; Matthias Doepke | |
| 发表日期 | 2009-03-01 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Cross-border M&As can trigger a higher international taxation of the target?s income. Non-resident dividend withholding taxes may be imposed by the target country, while additional corporate income taxation can be imposed by the acquiring country. Our evidence suggests that takeover premiums fully reflect non-resident dividend withholding taxes, while there is some evidence that they reflect corporate income taxation by the acquiring country as well. In contrast, acquiring firm stock market returns around the bid announcement do not appear to reflect either type of taxation. These results are consistent with previous findings that the gains of M&As primarily accrue to target shareholders. |
| 主题 | Public Economics |
| 关键词 | International taxation Takeover premiums |
| URL | https://cepr.org/publications/dp7196 |
| 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/536033 |
| 推荐引用方式 GB/T 7714 | Fabrizio Zilibotti,Matthias Doepke. DP7196 International Labor Standards and the Political Economy of Child Labor Regulation. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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