Merz, Julia, Overesch, Michael and Wamser, Georg (2017). The location of financial sector FDI: Tax and regulation policy. J. Bank Financ., 78. S. 14 - 27. AMSTERDAM: ELSEVIER. ISSN 1872-6372
Full text not available from this repository.Abstract
This paper analyzes how corporate taxation and regulatory requirements affect the location of financial sector FDI. We use novel information on new financial services entities established by multinational firms in 83 host countries. We find a negative effect of host country taxes on the probability of choosing a particular host location. We can also confirm a significant influence of the regulatory environment. For example, stricter (equity) capital requirements negatively affect location probabilities. Our empirical approach allows us to provide new insight in how a policy measure of a given country affects other countries by estimating cross-country tax and regulation elasticities. (C) 2017 Elsevier B.V. All rights reserved.
Item Type: | Journal Article | ||||||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-232991 | ||||||||||||||||
DOI: | 10.1016/j.jbankfin.2017.01.001 | ||||||||||||||||
Journal or Publication Title: | J. Bank Financ. | ||||||||||||||||
Volume: | 78 | ||||||||||||||||
Page Range: | S. 14 - 27 | ||||||||||||||||
Date: | 2017 | ||||||||||||||||
Publisher: | ELSEVIER | ||||||||||||||||
Place of Publication: | AMSTERDAM | ||||||||||||||||
ISSN: | 1872-6372 | ||||||||||||||||
Language: | English | ||||||||||||||||
Faculty: | Unspecified | ||||||||||||||||
Divisions: | Unspecified | ||||||||||||||||
Subjects: | no entry | ||||||||||||||||
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Refereed: | Yes | ||||||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/23299 |
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