Tax benefits (or "tax expenditures") are important, broadly applicable and potentially efficient instruments for creating incentives for private activities and for promoting numerous policy objectives (for…

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Using a lab experiment, we investigate the real-life performance of envy-free and proportional cake-cutting procedures with respect to fairness and preference manipulation. We find that envy-free…

Voluntary environmental management programs for firms are a popular instrument of environmental policy. However, the effectiveness of such programs is ambiguous based on the existing literature. We evaluate the…

• Expectations for Chinese Economy Recovering: CEP Indicator Falls to a New Reading of Minus 5.8 Points
• 26 analysts participated in the October survey, which was conducted during the period 8 till 17 October 2019

• Erwartungen gehen leicht zurück, Exportaussichten belasten deutsche Wirtschaft
• Eurozone: Konjunkturelle Lage verschlechtert sich
• USA: Konjunkturerwartungen gehen leicht zurück
• Japan: Lage- und…

This study elucidates the mixed gamble confronting family firms when considering a related firm acquisition. The socioemotional and financial wealth trade-off associated with related firm acquisitions as well as…

Functioning markets for technology are an important determinant for the type, scope and distribution of innovation activities in an economy. However, markets for technology are often underdeveloped or…

We create a novel database of hand-collected information from the country-by-country reports (CbCRs) of more than 100 multinational bank groups headquartered in the EU for 2014-2016. We compare this new dataset…