Repatriation taxes, internal agency conflicts, and subsidiary-level investment efficiency
Using a global sample of multinational corporations (MNCs) and their foreign subsidiaries, we find that repatriation taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central management of the MNC and the manager of the foreign subsidiary bein...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1974 https://ink.library.smu.edu.sg/context/soa_research/article/3001/viewcontent/RepatriationTaxes_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |