The Effect of Shareholder Taxation on Corporate Ownership by Silke Rünger

By Silke Rünger

Silke Rünger goals at investigating the impact of shareholder taxation on company possession with admire to the extent of possession focus in addition to alterations in company possession. The empirical investigations exhibit that shareholder taxes are chanced on to persuade either, the extent of possession focus in addition to the divestiture collection of unmarried vendors and a transformation in company ownership.

Show description

Read or Download The Effect of Shareholder Taxation on Corporate Ownership Structures PDF

Best nonfiction_9 books

Ciba Foundation Symposium 81 - Peptides of the Pars Intermedia

Content material: bankruptcy 1 Chairman's advent (pages 1–2): G. M. BesserChapter 2 The Intermediate Lobe of the Pituitary Gland: advent and historical past (pages 3–12): Aaron B. LernerChapter three constitution and Chemistry of the Peptide Hormones of the Intermediate Lobe (pages 13–31): Alex N. EberleChapter four comparability of Rat Anterior and Intermediate Pituitary in Tissue tradition: Corticotropin (ACTH) and ?

Practitioner’s Guide to Empirically Based Measures of Anxiety

Regardless of the excessive incidence (as many as one in 4) and serious impairment usually linked to anxiousness issues, those that endure are frequently undiagnosed, and will fail to obtain applicable therapy. the aim of this quantity is to supply a unmarried source that includes info on just about all of the measures that experience established usefulness in measuring the presence and severity of tension and comparable issues.

Long-Range Dependence and Sea Level Forecasting

​This examine exhibits that the Caspian Sea point time sequence own lengthy diversity dependence even after removal linear developments, in accordance with analyses of the Hurst statistic, the pattern autocorrelation capabilities, and the periodogram of the sequence. Forecasting functionality of ARMA, ARIMA, ARFIMA and pattern Line-ARFIMA (TL-ARFIMA) blend versions are investigated.

Extra info for The Effect of Shareholder Taxation on Corporate Ownership Structures

Example text

If banks are not allowed to hold shares in public corporations or if the maximum block size held by banks is limited. 53 La Porta / Lopez de Silanes / Shleifer / Vishny (1998) examine the influence of legal rules on ownership concentration in 49 countries. They distinguish between shareholder rights (voting procedures such as proxy by mail allowed, antidirector rights, right to a mandatory dividend), creditor rights (legal reserve requirement, filing for reorganization) and enforcement of legal rules (quality of enforcement, quality of accounting standards, corruption).

Osiris is only available since 2001, which is why 2001 is the starting point for the analysis. The latest version available is December 2008, which allows to cover eight subsequent years for the analysis. Osiris includes information about financial data as well as detailed ownership information. All owners of the company are listed separately and information about their name, country of origin as well as the size of the direct holding is available. 1% and single blocks beyond this threshold are summed up and disclosed as free float.

1), taking the value 1 if the tax system is used in the country in the given year and zero otherwise. F I is chosen as the reference category and omitted in the analyses. 2. The size of the company, Sizejt is measured as the normal log of total assets. Control potential, ConP otjt , of the owners is measured as the normal log of the 75 Note that this assumption implies that corporate owners are holding blocks below the threshold of tax exemption and vice versa for individual investors. In addition, shareholders are assumed to belong to the top tax bracket.

Download PDF sample

Rated 4.06 of 5 – based on 12 votes