---
_id: '15392'
abstract:
- lang: eng
  text: "Employing a sample of 492 merger and acquisition (M&A) announcements from\r\n284
    acquirers across North America and Europe between 2005 and 2018, this study\r\nanalyzes
    the impact of M&A announcements on an acquirers abnormal CDS spread\r\nchanges.
    We \fnd that spreads from CDS which are written on acquirers increase\r\nby 310
    bps during a symmetric \fve-day event window suggesting that investors\r\nexpect
    an increase in the acquirers credit risk exposure due to M&As. Next to\r\nthis
    baseline \fnding, we conduct a large variety of sensitivity analyses to gain more\r\ninsight
    into the driving factors of the rising risk perception of CDS investors due to\r\nM&A
    announcements."
author:
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
  orcid: https://orcid.org/0000-0002-8058-8857
- first_name: Benjamin
  full_name: Hippert, Benjamin
  id: '48476'
  last_name: Hippert
citation:
  ama: Uhde A, Hippert B. <i>The Relationship between Announcements of Complete Mergers
    and Acquisitions and Acquirers’ Abnormal CDS-Spread Changes</i>.; 2019.
  apa: Uhde, A., &#38; Hippert, B. (2019). <i>The relationship between announcements
    of complete mergers and acquisitions and acquirers’ abnormal CDS-Spread changes</i>.
  bibtex: '@book{Uhde_Hippert_2019, title={The relationship between announcements
    of complete mergers and acquisitions and acquirers’ abnormal CDS-Spread changes},
    author={Uhde, André and Hippert, Benjamin}, year={2019} }'
  chicago: Uhde, André, and Benjamin Hippert. <i>The Relationship between Announcements
    of Complete Mergers and Acquisitions and Acquirers’ Abnormal CDS-Spread Changes</i>,
    2019.
  ieee: A. Uhde and B. Hippert, <i>The relationship between announcements of complete
    mergers and acquisitions and acquirers’ abnormal CDS-Spread changes</i>. 2019.
  mla: Uhde, André, and Benjamin Hippert. <i>The Relationship between Announcements
    of Complete Mergers and Acquisitions and Acquirers’ Abnormal CDS-Spread Changes</i>.
    2019.
  short: A. Uhde, B. Hippert, The Relationship between Announcements of Complete Mergers
    and Acquisitions and Acquirers’ Abnormal CDS-Spread Changes, 2019.
date_created: 2019-12-18T15:53:47Z
date_updated: 2024-04-17T13:35:41Z
department:
- _id: '19'
- _id: '186'
jel:
- G14
- G34
keyword:
- credit default swaps
- risk perception of CDS investors
- mergers and acquisitions
- event study
language:
- iso: eng
status: public
title: The relationship between announcements of complete mergers and acquisitions
  and acquirers' abnormal CDS-Spread changes
type: working_paper
user_id: '36049'
year: '2019'
...
---
_id: '37346'
author:
- first_name: Jens
  full_name: Müller, Jens
  id: '1245'
  last_name: Müller
- first_name: Vanessa
  full_name: Gawehn, Vanessa
  id: '52547'
  last_name: Gawehn
citation:
  ama: Müller J, Gawehn V. <i>Tax Avoidance - Are Banks Any Different?</i>; 2019.
  apa: Müller, J., &#38; Gawehn, V. (2019). <i>Tax Avoidance - Are Banks Any Different?</i>
  bibtex: '@book{Müller_Gawehn_2019, title={Tax Avoidance - Are Banks Any Different?},
    author={Müller, Jens and Gawehn, Vanessa}, year={2019} }'
  chicago: Müller, Jens, and Vanessa Gawehn. <i>Tax Avoidance - Are Banks Any Different?</i>,
    2019.
  ieee: J. Müller and V. Gawehn, <i>Tax Avoidance - Are Banks Any Different?</i> 2019.
  mla: Müller, Jens, and Vanessa Gawehn. <i>Tax Avoidance - Are Banks Any Different?</i>
    2019.
  short: J. Müller, V. Gawehn, Tax Avoidance - Are Banks Any Different?, 2019.
date_created: 2023-01-18T12:11:27Z
date_updated: 2023-01-24T10:31:34Z
department:
- _id: '189'
- _id: '635'
language:
- iso: eng
status: public
title: Tax Avoidance - Are Banks Any Different?
type: working_paper
user_id: '83776'
year: '2019'
...
---
_id: '14903'
author:
- first_name: Stefan
  full_name: Asenkerschbaumer, Stefan
  last_name: Asenkerschbaumer
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
  orcid: ' 0000-0002-8183-5901'
citation:
  ama: Asenkerschbaumer S, Sureth-Sloane C. Aus Daten müssen Informationen werden.
    <i>Frankfurter Allgemeine Zeitung</i>. 2019.
  apa: Asenkerschbaumer, S., &#38; Sureth-Sloane, C. (2019). Aus Daten müssen Informationen
    werden. <i>Frankfurter Allgemeine Zeitung</i>, <i>209</i>.
  bibtex: '@article{Asenkerschbaumer_Sureth-Sloane_2019, title={Aus Daten müssen Informationen
    werden}, number={209}, journal={Frankfurter Allgemeine Zeitung}, author={Asenkerschbaumer,
    Stefan and Sureth-Sloane, Caren}, year={2019} }'
  chicago: Asenkerschbaumer, Stefan, and Caren Sureth-Sloane. “Aus Daten müssen Informationen
    werden.” <i>Frankfurter Allgemeine Zeitung</i>, 2019.
  ieee: S. Asenkerschbaumer and C. Sureth-Sloane, “Aus Daten müssen Informationen
    werden,” <i>Frankfurter Allgemeine Zeitung</i>, no. 209, 2019.
  mla: Asenkerschbaumer, Stefan, and Caren Sureth-Sloane. “Aus Daten müssen Informationen
    werden.” <i>Frankfurter Allgemeine Zeitung</i>, no. 209, 2019.
  short: S. Asenkerschbaumer, C. Sureth-Sloane, Frankfurter Allgemeine Zeitung (2019).
date_created: 2019-11-13T08:16:56Z
date_updated: 2023-07-13T13:10:29Z
department:
- _id: '187'
issue: '209'
language:
- iso: ger
page: '18'
publication: Frankfurter Allgemeine Zeitung
publication_date: 2019-09-09
publication_status: published
status: public
title: Aus Daten müssen Informationen werden
type: newspaper_article
user_id: '68544'
year: '2019'
...
---
_id: '20688'
abstract:
- lang: eng
  text: We offer the first empirical analysis connecting the timing of general partner
    (GP) compensation to private equity fund performance. Using detailed information
    on limited partnership agreements between private equity limited and general partners,
    we find that “GP-friendly” contracts—agreements that pay general partners on a
    deal-by-deal basis instead of withholding carried interest until a benchmark return
    has been earned—are associated with higher returns, both gross and net of fees.
    This is robust to measures of performance persistence, time period effects, and
    other contract terms and is related to exit-timing incentives. Timing practices
    balance GP incentives against limited partner downside protection.
article_type: original
author:
- first_name: Niklas
  full_name: Hüther, Niklas
  last_name: Hüther
- first_name: David T.
  full_name: Robinson, David T.
  last_name: Robinson
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: Thomas
  full_name: Hartmann-Wendels, Thomas
  last_name: Hartmann-Wendels
citation:
  ama: 'Hüther N, Robinson DT, Sievers S, Hartmann-Wendels T. Paying for Performance
    in Private Equity: Evidence from Venture Capital Partnerships. <i>Management Science
    (VHB-JOURQUAL 4 Ranking A+)</i>. 2019;66(4):1756-1782. doi:<a href="https://doi.org/10.1287/mnsc.2018.3274">10.1287/mnsc.2018.3274</a>'
  apa: 'Hüther, N., Robinson, D. T., Sievers, S., &#38; Hartmann-Wendels, T. (2019).
    Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.
    <i>Management Science (VHB-JOURQUAL 4 Ranking A+)</i>, <i>66</i>(4), 1756–1782.
    <a href="https://doi.org/10.1287/mnsc.2018.3274">https://doi.org/10.1287/mnsc.2018.3274</a>'
  bibtex: '@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2019, title={Paying for
    Performance in Private Equity: Evidence from Venture Capital Partnerships}, volume={66},
    DOI={<a href="https://doi.org/10.1287/mnsc.2018.3274">10.1287/mnsc.2018.3274</a>},
    number={4}, journal={Management Science (VHB-JOURQUAL 4 Ranking A+)}, author={Hüther,
    Niklas and Robinson, David T. and Sievers, Sönke and Hartmann-Wendels, Thomas},
    year={2019}, pages={1756–1782} }'
  chicago: 'Hüther, Niklas, David T. Robinson, Sönke Sievers, and Thomas Hartmann-Wendels.
    “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.”
    <i>Management Science (VHB-JOURQUAL 4 Ranking A+)</i> 66, no. 4 (2019): 1756–82.
    <a href="https://doi.org/10.1287/mnsc.2018.3274">https://doi.org/10.1287/mnsc.2018.3274</a>.'
  ieee: 'N. Hüther, D. T. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for
    Performance in Private Equity: Evidence from Venture Capital Partnerships,” <i>Management
    Science (VHB-JOURQUAL 4 Ranking A+)</i>, vol. 66, no. 4, pp. 1756–1782, 2019,
    doi: <a href="https://doi.org/10.1287/mnsc.2018.3274">10.1287/mnsc.2018.3274</a>.'
  mla: 'Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence
    from Venture Capital Partnerships.” <i>Management Science (VHB-JOURQUAL 4 Ranking
    A+)</i>, vol. 66, no. 4, 2019, pp. 1756–82, doi:<a href="https://doi.org/10.1287/mnsc.2018.3274">10.1287/mnsc.2018.3274</a>.'
  short: N. Hüther, D.T. Robinson, S. Sievers, T. Hartmann-Wendels, Management Science
    (VHB-JOURQUAL 4 Ranking A+) 66 (2019) 1756–1782.
date_created: 2020-12-08T13:19:35Z
date_updated: 2026-04-09T08:27:26Z
department:
- _id: '275'
doi: 10.1287/mnsc.2018.3274
intvolume: '        66'
issue: '4'
keyword:
- venture capital
- compensation
- private equity
- VC partnership
- pay-performance relation
language:
- iso: eng
main_file_link:
- url: https://pubsonline.informs.org/doi/10.1287/mnsc.2018.3274
page: 1756-1782
publication: Management Science (VHB-JOURQUAL 4 Ranking A+)
publication_identifier:
  issn:
  - 0025-1909
  - 1526-5501
publication_status: published
quality_controlled: '1'
related_material:
  link:
  - relation: supplementary_material
    url: https://pubsonline.informs.org/doi/suppl/10.1287/mnsc.2018.3274/suppl_file/mnsc.2018.3274.sm1.pdf
  - relation: other
    url: https://corpgov.law.harvard.edu/2018/01/13/paying-for-performance-in-private-equity-evidence-from-vc-partnerships
  - relation: earlier_version
    url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3087320
status: public
title: 'Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships'
type: journal_article
user_id: '115848'
volume: 66
year: '2019'
...
---
_id: '21427'
abstract:
- lang: eng
  text: Under the German Inheritance Tax and Gift Tax Act, the transfer of business
    assets can be exempted from taxation up to 100%. However, this exemption depends
    on the evolution of the company’s payroll, which is highly uncertain. We model
    the uncertain nature of payroll evolution using a Geometric Brownian motion. We
    obtain closed-form solutions for the expected effective exemption and for the
    expected effective tax rate. We find that the uncertainty effect is most pronounced
    for moderate negative and positive growth rates. Furthermore, higher uncertainty
    reduces the value of the effective tax exemption. Also, we find that the (partially
    progressive) German inheritance tax function by trend promotes standard exemption.
    The results enable tax planners to make an optimal choice between standard or
    full exemption and allow for calculating the expected tax burden.
author:
- first_name: Markus
  full_name: Diller, Markus
  last_name: Diller
- first_name: Thomas
  full_name: Späth, Thomas
  last_name: Späth
- first_name: Johannes
  full_name: Lorenz, Johannes
  last_name: Lorenz
citation:
  ama: 'Diller M, Späth T, Lorenz J. Inheritance Tax Planning with Uncertain Future
    Payroll Expenses: An Analytical Solution to the Optimal Choice between Full and
    Standard Exemption. <i>Journal of Business Economics</i>. 2019;89(5):599-626.'
  apa: 'Diller, M., Späth, T., &#38; Lorenz, J. (2019). Inheritance Tax Planning with
    Uncertain Future Payroll Expenses: An Analytical Solution to the Optimal Choice
    between Full and Standard Exemption. <i>Journal of Business Economics</i>, <i>89</i>(5),
    599–626.'
  bibtex: '@article{Diller_Späth_Lorenz_2019, title={Inheritance Tax Planning with
    Uncertain Future Payroll Expenses: An Analytical Solution to the Optimal Choice
    between Full and Standard Exemption}, volume={89}, number={5}, journal={Journal
    of Business Economics}, author={Diller, Markus and Späth, Thomas and Lorenz, Johannes},
    year={2019}, pages={599–626} }'
  chicago: 'Diller, Markus, Thomas Späth, and Johannes Lorenz. “Inheritance Tax Planning
    with Uncertain Future Payroll Expenses: An Analytical Solution to the Optimal
    Choice between Full and Standard Exemption.” <i>Journal of Business Economics</i>
    89, no. 5 (2019): 599–626.'
  ieee: 'M. Diller, T. Späth, and J. Lorenz, “Inheritance Tax Planning with Uncertain
    Future Payroll Expenses: An Analytical Solution to the Optimal Choice between
    Full and Standard Exemption,” <i>Journal of Business Economics</i>, vol. 89, no.
    5, pp. 599–626, 2019.'
  mla: 'Diller, Markus, et al. “Inheritance Tax Planning with Uncertain Future Payroll
    Expenses: An Analytical Solution to the Optimal Choice between Full and Standard
    Exemption.” <i>Journal of Business Economics</i>, vol. 89, no. 5, 2019, pp. 599–626.'
  short: M. Diller, T. Späth, J. Lorenz, Journal of Business Economics 89 (2019) 599–626.
date_created: 2021-03-09T09:57:12Z
date_updated: 2026-04-09T08:55:33Z
department:
- _id: '187'
intvolume: '        89'
issue: '5'
language:
- iso: eng
main_file_link:
- url: https://link.springer.com/article/10.1007/s11573-019-00929-2
page: 599-626
publication: Journal of Business Economics
quality_controlled: '1'
status: public
title: 'Inheritance Tax Planning with Uncertain Future Payroll Expenses: An Analytical
  Solution to the Optimal Choice between Full and Standard Exemption'
type: journal_article
user_id: '96670'
volume: 89
year: '2019'
...
---
_id: '21424'
abstract:
- lang: eng
  text: 'There are two ways for taxpayers to avoid paying taxes: legal tax optimization
    and illegal tax evasion. The government reacts by altering the law, and by conducting
    audits, respectively. These phenomena are modeled as a strategic interaction between
    all taxpayers: the more taxpayers optimize, the lower the optimization result
    as a consequence of the government tightening the tax law. The more taxpayers
    evade, the higher the risk of detection because of the tax agencies increasing
    the audit probability. It emerges that, in equilibrium, the population shares
    of optimizers and evaders are not interdependent; rather, they both increase to
    the detriment of the share of non-optimizing taxpayers. If the government reacts
    to changed optimization behavior with too large a delay, an equilibrium tax law
    cannot be reached. Tax codes should be updated rapidly in order to avoid a permanent
    change of the tax law, which is costly both for the legislator and the taxpayers
    facing legal uncertainty.'
author:
- first_name: Johannes
  full_name: Lorenz, Johannes
  last_name: Lorenz
citation:
  ama: Lorenz J. Population Dynamics of Tax Avoidance with Crowding Effects. <i>Journal
    of Evolutionary Economics</i>. 2019;29:581-609. doi:<a href="https://doi.org/10.1007/s00191-018-0572-6">10.1007/s00191-018-0572-6</a>
  apa: Lorenz, J. (2019). Population Dynamics of Tax Avoidance with Crowding Effects.
    <i>Journal of Evolutionary Economics</i>, <i>29</i>, 581–609. <a href="https://doi.org/10.1007/s00191-018-0572-6">https://doi.org/10.1007/s00191-018-0572-6</a>
  bibtex: '@article{Lorenz_2019, title={Population Dynamics of Tax Avoidance with
    Crowding Effects}, volume={29}, DOI={<a href="https://doi.org/10.1007/s00191-018-0572-6">10.1007/s00191-018-0572-6</a>},
    journal={Journal of Evolutionary Economics}, author={Lorenz, Johannes}, year={2019},
    pages={581–609} }'
  chicago: 'Lorenz, Johannes. “Population Dynamics of Tax Avoidance with Crowding
    Effects.” <i>Journal of Evolutionary Economics</i> 29 (2019): 581–609. <a href="https://doi.org/10.1007/s00191-018-0572-6">https://doi.org/10.1007/s00191-018-0572-6</a>.'
  ieee: 'J. Lorenz, “Population Dynamics of Tax Avoidance with Crowding Effects,”
    <i>Journal of Evolutionary Economics</i>, vol. 29, pp. 581–609, 2019, doi: <a
    href="https://doi.org/10.1007/s00191-018-0572-6">10.1007/s00191-018-0572-6</a>.'
  mla: Lorenz, Johannes. “Population Dynamics of Tax Avoidance with Crowding Effects.”
    <i>Journal of Evolutionary Economics</i>, vol. 29, 2019, pp. 581–609, doi:<a href="https://doi.org/10.1007/s00191-018-0572-6">10.1007/s00191-018-0572-6</a>.
  short: J. Lorenz, Journal of Evolutionary Economics 29 (2019) 581–609.
date_created: 2021-03-09T09:44:25Z
date_updated: 2026-04-09T08:55:10Z
department:
- _id: '187'
doi: 10.1007/s00191-018-0572-6
intvolume: '        29'
language:
- iso: eng
main_file_link:
- url: https://link.springer.com/article/10.1007/s00191-018-0572-6
page: 581-609
publication: Journal of Evolutionary Economics
quality_controlled: '1'
status: public
title: Population Dynamics of Tax Avoidance with Crowding Effects
type: journal_article
user_id: '96670'
volume: 29
year: '2019'
...
---
_id: '14905'
abstract:
- lang: eng
  text: 'A key premise underlying most of the economic literature is that rational
    decision-makers will choose dominant strategies over dominated alternatives. However,
    prior literature in various disciplines including business, psychology, and economics
    document a series of phenomena associated with violations of the dominance principle
    in decision-making. In this comprehensive review, we discuss conditions under
    which people violate the dominance principle in decision-making. When presenting
    violations of dominance in empirical and experimental studies, we differentiate
    between absolute, statewise, and stochastic (first- and second-order) violations
    of dominance. Furthermore, we categorize the literature by the leading causes
    for dominance violations: framing, reference points, certainty effects, bounded
    rationality, and emotional responses.'
author:
- first_name: Thomas
  full_name: Kourouxous, Thomas
  id: '66936'
  last_name: Kourouxous
- first_name: Thomas
  full_name: Bauer, Thomas
  last_name: Bauer
citation:
  ama: Kourouxous T, Bauer T. Violations of Dominance in Decision-Making. <i>Business
    Research</i>. 2019;12(1):209-239. doi:<a href="https://doi.org/10.1007/s40685-019-0093-7">10.1007/s40685-019-0093-7</a>
  apa: Kourouxous, T., &#38; Bauer, T. (2019). Violations of Dominance in Decision-Making.
    <i>Business Research</i>, <i>12</i>(1), 209–239. <a href="https://doi.org/10.1007/s40685-019-0093-7">https://doi.org/10.1007/s40685-019-0093-7</a>
  bibtex: '@article{Kourouxous_Bauer_2019, title={Violations of Dominance in Decision-Making},
    volume={12}, DOI={<a href="https://doi.org/10.1007/s40685-019-0093-7">10.1007/s40685-019-0093-7</a>},
    number={1}, journal={Business Research}, author={Kourouxous, Thomas and Bauer,
    Thomas}, year={2019}, pages={209–239} }'
  chicago: 'Kourouxous, Thomas, and Thomas Bauer. “Violations of Dominance in Decision-Making.”
    <i>Business Research</i> 12, no. 1 (2019): 209–39. <a href="https://doi.org/10.1007/s40685-019-0093-7">https://doi.org/10.1007/s40685-019-0093-7</a>.'
  ieee: 'T. Kourouxous and T. Bauer, “Violations of Dominance in Decision-Making,”
    <i>Business Research</i>, vol. 12, no. 1, pp. 209–239, 2019, doi: <a href="https://doi.org/10.1007/s40685-019-0093-7">10.1007/s40685-019-0093-7</a>.'
  mla: Kourouxous, Thomas, and Thomas Bauer. “Violations of Dominance in Decision-Making.”
    <i>Business Research</i>, vol. 12, no. 1, 2019, pp. 209–39, doi:<a href="https://doi.org/10.1007/s40685-019-0093-7">10.1007/s40685-019-0093-7</a>.
  short: T. Kourouxous, T. Bauer, Business Research 12 (2019) 209–239.
date_created: 2019-11-13T08:27:11Z
date_updated: 2026-04-09T08:56:23Z
department:
- _id: '187'
- _id: '635'
doi: 10.1007/s40685-019-0093-7
intvolume: '        12'
issue: '1'
language:
- iso: eng
main_file_link:
- url: https://link.springer.com/article/10.1007/s40685-019-0093-7
page: 209-239
publication: Business Research
publication_identifier:
  issn:
  - 2198-3402
  - 2198-2627
publication_status: published
quality_controlled: '1'
status: public
title: Violations of Dominance in Decision-Making
type: journal_article
user_id: '96670'
volume: 12
year: '2019'
...
---
_id: '14910'
author:
- first_name: Alicja
  full_name: Majdanska, Alicja
  last_name: Majdanska
- first_name: Yuchen
  full_name: Wu, Yuchen
  last_name: Wu
citation:
  ama: Majdanska A, Wu Y. Using Impact Evaluation to Examine Domestic and International
    Cooperative Compliance Programs. <i>Tax Notes International</i>. 2019;93(10):1045-1065.
  apa: Majdanska, A., &#38; Wu, Y. (2019). Using Impact Evaluation to Examine Domestic
    and International Cooperative Compliance Programs. <i>Tax Notes International</i>,
    <i>93</i>(10), 1045–1065.
  bibtex: '@article{Majdanska_Wu_2019, title={Using Impact Evaluation to Examine Domestic
    and International Cooperative Compliance Programs}, volume={93}, number={10},
    journal={Tax Notes International}, author={Majdanska, Alicja and Wu, Yuchen},
    year={2019}, pages={1045–1065} }'
  chicago: 'Majdanska, Alicja, and Yuchen Wu. “Using Impact Evaluation to Examine
    Domestic and International Cooperative Compliance Programs.” <i>Tax Notes International</i>
    93, no. 10 (2019): 1045–65.'
  ieee: A. Majdanska and Y. Wu, “Using Impact Evaluation to Examine Domestic and International
    Cooperative Compliance Programs,” <i>Tax Notes International</i>, vol. 93, no.
    10, pp. 1045–1065, 2019.
  mla: Majdanska, Alicja, and Yuchen Wu. “Using Impact Evaluation to Examine Domestic
    and International Cooperative Compliance Programs.” <i>Tax Notes International</i>,
    vol. 93, no. 10, 2019, pp. 1045–65.
  short: A. Majdanska, Y. Wu, Tax Notes International 93 (2019) 1045–1065.
date_created: 2019-11-13T08:37:26Z
date_updated: 2026-04-09T08:55:46Z
department:
- _id: '187'
intvolume: '        93'
issue: '10'
language:
- iso: eng
page: 1045-1065
publication: Tax Notes International
publication_status: published
quality_controlled: '1'
status: public
title: Using Impact Evaluation to Examine Domestic and International Cooperative Compliance
  Programs
type: journal_article
user_id: '96670'
volume: 93
year: '2019'
...
---
_id: '3520'
author:
- first_name: Matthias
  full_name: Pelster, Matthias
  id: '67265'
  last_name: Pelster
  orcid: ' https://orcid.org/0000-0001-5740-2420'
- first_name: Annette
  full_name: Hofmann, Annette
  last_name: Hofmann
citation:
  ama: 'Pelster M, Hofmann A. About the Fear of Reputational Loss: Social Trading
    and the Disposition Effect. <i>Journal of Banking &#38; Finance</i>. 2018. doi:<a
    href="https://doi.org/10.1016/j.jbankfin.2018.07.003">10.1016/j.jbankfin.2018.07.003</a>'
  apa: 'Pelster, M., &#38; Hofmann, A. (2018). About the Fear of Reputational Loss:
    Social Trading and the Disposition Effect. <i>Journal of Banking &#38; Finance</i>.
    <a href="https://doi.org/10.1016/j.jbankfin.2018.07.003">https://doi.org/10.1016/j.jbankfin.2018.07.003</a>'
  bibtex: '@article{Pelster_Hofmann_2018, title={About the Fear of Reputational Loss:
    Social Trading and the Disposition Effect}, DOI={<a href="https://doi.org/10.1016/j.jbankfin.2018.07.003">10.1016/j.jbankfin.2018.07.003</a>},
    journal={Journal of Banking &#38; Finance}, author={Pelster, Matthias and Hofmann,
    Annette}, year={2018} }'
  chicago: 'Pelster, Matthias, and Annette Hofmann. “About the Fear of Reputational
    Loss: Social Trading and the Disposition Effect.” <i>Journal of Banking &#38;
    Finance</i>, 2018. <a href="https://doi.org/10.1016/j.jbankfin.2018.07.003">https://doi.org/10.1016/j.jbankfin.2018.07.003</a>.'
  ieee: 'M. Pelster and A. Hofmann, “About the Fear of Reputational Loss: Social Trading
    and the Disposition Effect,” <i>Journal of Banking &#38; Finance</i>, 2018.'
  mla: 'Pelster, Matthias, and Annette Hofmann. “About the Fear of Reputational Loss:
    Social Trading and the Disposition Effect.” <i>Journal of Banking &#38; Finance</i>,
    2018, doi:<a href="https://doi.org/10.1016/j.jbankfin.2018.07.003">10.1016/j.jbankfin.2018.07.003</a>.'
  short: M. Pelster, A. Hofmann, Journal of Banking &#38; Finance (2018).
date_created: 2018-07-10T08:13:12Z
date_updated: 2022-01-06T06:59:21Z
department:
- _id: '186'
- _id: '578'
doi: 10.1016/j.jbankfin.2018.07.003
publication: Journal of Banking & Finance
status: public
title: 'About the Fear of Reputational Loss: Social Trading and the Disposition Effect'
type: journal_article
user_id: '67265'
year: '2018'
...
---
_id: '3902'
abstract:
- lang: eng
  text: All over the world, firms and governments are increasingly concerned about
    the rise in tax complexity. To manage it and develop effective simplification
    measures, detailed information on the current drivers of complexity is required.
    However, research on this topic is scarce. This is surprising as the latest developments-for
    example, those triggered by the BEPS project-have given rise to the conjecture
    that complexity drivers may have changed, thus questioning the findings of prior
    studies. In this article, we shed light on this issue and provide a global picture
    of the current drivers of tax complexity that multinational corporations face
    based on a survey of 221 highly experienced tax consultants from 108 countries.
    Our results show that prior complexity drivers of the tax code are still important,
    with details and changes of tax regulations being the two most important complexity
    drivers. We also find evidence for new important complexity drivers emerging from
    different areas of the tax framework, such as inconsistent decisions among tax
    officers (tax audits) or retroactively applied tax law amendments (tax enactment).
    Based on the tax consultants' responses, we develop a concept of tax complexity
    that is characterized by two pillars, tax code and tax framework complexity and
    illustrates the various aspects that should be considered when assessing the complexity
    of a country's tax system.
article_type: original
author:
- first_name: Thomas
  full_name: Hoppe, Thomas
  id: '22671'
  last_name: Hoppe
- first_name: Deborah
  full_name: Schanz, Deborah
  last_name: Schanz
- first_name: Susann
  full_name: Sturm, Susann
  last_name: Sturm
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
citation:
  ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. What are the Drivers of Tax Complexity
    for MNCs? Global Evidence. <i>Intertax</i>. 2018;46(8/9):654-675.
  apa: Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2018). What are
    the Drivers of Tax Complexity for MNCs? Global Evidence. <i>Intertax</i>, <i>46</i>(8/9),
    654–675.
  bibtex: '@article{Hoppe_Schanz_Sturm_Sureth-Sloane_2018, title={What are the Drivers
    of Tax Complexity for MNCs? Global Evidence}, volume={46}, number={8/9}, journal={Intertax},
    publisher={Kluwer Law International}, author={Hoppe, Thomas and Schanz, Deborah
    and Sturm, Susann and Sureth-Sloane, Caren}, year={2018}, pages={654–675} }'
  chicago: 'Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane.
    “What Are the Drivers of Tax Complexity for MNCs? Global Evidence.” <i>Intertax</i>
    46, no. 8/9 (2018): 654–75.'
  ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, “What are the Drivers
    of Tax Complexity for MNCs? Global Evidence,” <i>Intertax</i>, vol. 46, no. 8/9,
    pp. 654–675, 2018.
  mla: Hoppe, Thomas, et al. “What Are the Drivers of Tax Complexity for MNCs? Global
    Evidence.” <i>Intertax</i>, vol. 46, no. 8/9, Kluwer Law International, 2018,
    pp. 654–75.
  short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, Intertax 46 (2018) 654–675.
date_created: 2018-08-13T11:38:40Z
date_updated: 2022-01-06T06:59:54Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
file:
- access_level: closed
  content_type: application/pdf
  creator: hoppet
  date_created: 2019-03-02T12:25:33Z
  date_updated: 2019-03-02T12:25:33Z
  file_id: '8182'
  file_name: Hoppe et al. 2018.pdf
  file_size: 4660077
  relation: main_file
  success: 1
file_date_updated: 2019-03-02T12:25:33Z
has_accepted_license: '1'
intvolume: '        46'
issue: 8/9
language:
- iso: eng
page: 654-675
project:
- _id: '37'
  grant_number: P01
  name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication: Intertax
publication_identifier:
  issn:
  - "\t0165-2826"
publication_status: published
publisher: Kluwer Law International
quality_controlled: '1'
status: public
title: What are the Drivers of Tax Complexity for MNCs? Global Evidence
type: journal_article
user_id: '68607'
volume: 46
year: '2018'
...
---
_id: '20876'
author:
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: Georg
  full_name: Keienburg, Georg
  last_name: Keienburg
- first_name: Timo
  full_name: Schmid, Timo
  last_name: Schmid
- first_name: Dominik
  full_name: Degen, Dominik
  last_name: Degen
citation:
  ama: Sievers S, Keienburg G, Schmid T, Degen D. <i>Synergies Take Center Stage</i>.
    The Boston Consulting Group, Inc., M&#38;A Report; 2018.
  apa: Sievers, S., Keienburg, G., Schmid, T., &#38; Degen, D. (2018). <i>Synergies
    Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report.
  bibtex: '@book{Sievers_Keienburg_Schmid_Degen_2018, title={Synergies Take Center
    Stage}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers,
    Sönke and Keienburg, Georg and Schmid, Timo and Degen, Dominik}, year={2018} }'
  chicago: Sievers, Sönke, Georg Keienburg, Timo Schmid, and Dominik Degen. <i>Synergies
    Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2018.
  ieee: S. Sievers, G. Keienburg, T. Schmid, and D. Degen, <i>Synergies Take Center
    Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2018.
  mla: Sievers, Sönke, et al. <i>Synergies Take Center Stage</i>. The Boston Consulting
    Group, Inc., M&#38;A Report, 2018.
  short: S. Sievers, G. Keienburg, T. Schmid, D. Degen, Synergies Take Center Stage,
    The Boston Consulting Group, Inc., M&#38;A Report, 2018.
date_created: 2021-01-06T08:39:28Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
main_file_link:
- url: https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/BCG-Synergies-Take-Center-Stage-Sep-2018_FINAL.
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Synergies Take Center Stage
type: report
user_id: '46447'
year: '2018'
...
---
_id: '20878'
author:
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
citation:
  ama: 'Sievers S. <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung
    von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>; 2018.'
  apa: 'Sievers, S. (2018). <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
    Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>'
  bibtex: '@book{Sievers_2018, title={Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
    Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.}, author={Sievers,
    Sönke}, year={2018} }'
  chicago: 'Sievers, Sönke. <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
    Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>,
    2018.'
  ieee: 'S. Sievers, <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
    Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>
    2018.'
  mla: 'Sievers, Sönke. <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
    Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>
    2018.'
  short: 'S. Sievers, Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung
    von M&#38;A Transaktionen – Deutsche und weltweite Evidenz., 2018.'
date_created: 2021-01-06T10:05:37Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: ger
main_file_link:
- url: https://www.tax-legal-excellence.com/kapitalmarktorientierte-erfolgsmessung-ma-transaktionen-weltweite-evidenz/
publication_status: published
status: public
title: 'Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von
  M&A Transaktionen – Deutsche und weltweite Evidenz.'
type: report
user_id: '46447'
year: '2018'
...
---
_id: '20879'
author:
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: Dominik
  full_name: Degen, Dominik
  last_name: Degen
- first_name: Georg
  full_name: Keienburg, Georg
  last_name: Keienburg
- first_name: Timo
  full_name: Schmid, Timo
  last_name: Schmid
- first_name: Jens
  full_name: Kengelbach, Jens
  last_name: Kengelbach
citation:
  ama: Sievers S, Degen D, Keienburg G, Schmid T, Kengelbach J. <i>Update on the M&#38;A
    Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?</i>
    The Boston Consulting Group, Inc., M&#38;A Report; 2018.
  apa: Sievers, S., Degen, D., Keienburg, G., Schmid, T., &#38; Kengelbach, J. (2018).
    <i>Update on the M&#38;A market entitled As Prices Peak, Should Dealmakers wait
    for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report.
  bibtex: '@book{Sievers_Degen_Keienburg_Schmid_Kengelbach_2018, title={Update on
    the M&#38;A market entitled As Prices Peak, Should Dealmakers wait for the next
    Downturn?}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers,
    Sönke and Degen, Dominik and Keienburg, Georg and Schmid, Timo and Kengelbach,
    Jens}, year={2018} }'
  chicago: Sievers, Sönke, Dominik Degen, Georg Keienburg, Timo Schmid, and Jens Kengelbach.
    <i>Update on the M&#38;A Market Entitled As Prices Peak, Should Dealmakers Wait
    for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report,
    2018.
  ieee: S. Sievers, D. Degen, G. Keienburg, T. Schmid, and J. Kengelbach, <i>Update
    on the M&#38;A market entitled As Prices Peak, Should Dealmakers wait for the
    next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report, 2018.
  mla: Sievers, Sönke, et al. <i>Update on the M&#38;A Market Entitled As Prices Peak,
    Should Dealmakers Wait for the next Downturn?</i> The Boston Consulting Group,
    Inc., M&#38;A Report, 2018.
  short: S. Sievers, D. Degen, G. Keienburg, T. Schmid, J. Kengelbach, Update on the
    M&#38;A Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?,
    The Boston Consulting Group, Inc., M&#38;A Report, 2018.
date_created: 2021-01-06T10:11:15Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
main_file_link:
- url: https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/BCG-As-Prices-Peak-Should-Dealmakers-Wait-for-the-Next-Downturn-Mar-2018.pdf
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Update on the M&A market entitled As Prices Peak, Should Dealmakers wait for
  the next Downturn?
type: report
user_id: '46447'
year: '2018'
...
---
_id: '20880'
author:
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: David T.
  full_name: Robinson, David T.
  last_name: Robinson
- first_name: Niklas
  full_name: Hüther, Niklas
  last_name: Hüther
- first_name: Thomas
  full_name: Hartmann-Wendels, Thomas
  last_name: Hartmann-Wendels
citation:
  ama: 'Sievers S, Robinson DT, Hüther N, Hartmann-Wendels T. <i>Post on Paying for
    Performance in Private Equity: Evidence from VC Partnerships.</i> Havard ; 2018.'
  apa: 'Sievers, S., Robinson, D. T., Hüther, N., &#38; Hartmann-Wendels, T. (2018).
    <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i>
    Havard .'
  bibtex: '@book{Sievers_Robinson_Hüther_Hartmann-Wendels_2018, place={Havard }, title={Post
    on Paying for Performance in Private Equity: Evidence from VC Partnerships.},
    author={Sievers, Sönke and Robinson, David T. and Hüther, Niklas and Hartmann-Wendels,
    Thomas}, year={2018} }'
  chicago: 'Sievers, Sönke, David T. Robinson, Niklas Hüther, and Thomas Hartmann-Wendels.
    <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i>
    Havard , 2018.'
  ieee: 'S. Sievers, D. T. Robinson, N. Hüther, and T. Hartmann-Wendels, <i>Post on
    Paying for Performance in Private Equity: Evidence from VC Partnerships.</i> Havard
    , 2018.'
  mla: 'Sievers, Sönke, et al. <i>Post on Paying for Performance in Private Equity:
    Evidence from VC Partnerships.</i> 2018.'
  short: 'S. Sievers, D.T. Robinson, N. Hüther, T. Hartmann-Wendels, Post on Paying
    for Performance in Private Equity: Evidence from VC Partnerships., Havard , 2018.'
date_created: 2021-01-06T10:15:11Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
main_file_link:
- url: https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2018-01-13-paying-for-performance-in-private-equity-evidence-from-vc-par....pdf
place: 'Havard '
publication_status: published
status: public
title: 'Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.'
type: report
user_id: '46447'
year: '2018'
...
---
_id: '4865'
author:
- first_name: Stefan
  full_name: Betz, Stefan
  id: '54'
  last_name: Betz
citation:
  ama: 'Betz S. Operative Handlungsempfehlungen für eine kostenorientierte Instandhaltunsplanung.
    In: Betz S, ed. <i>Industrielles Controlling - Planung, Steuerung Und Kontrolle
    von Beschaffung, Produktion Und Logistik</i>. 2nd ed. Hamburg; 2018:87-116.'
  apa: Betz, S. (2018). Operative Handlungsempfehlungen für eine kostenorientierte
    Instandhaltunsplanung. In S. Betz (Ed.), <i>Industrielles Controlling - Planung,
    Steuerung und Kontrolle von Beschaffung, Produktion und Logistik</i> (2nd ed.,
    pp. 87–116). Hamburg.
  bibtex: '@inbook{Betz_2018, place={Hamburg}, edition={2}, title={Operative Handlungsempfehlungen
    für eine kostenorientierte Instandhaltunsplanung}, booktitle={Industrielles Controlling
    - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik},
    author={Betz, Stefan}, editor={Betz, StefanEditor}, year={2018}, pages={87–116}
    }'
  chicago: Betz, Stefan. “Operative Handlungsempfehlungen Für Eine Kostenorientierte
    Instandhaltunsplanung.” In <i>Industrielles Controlling - Planung, Steuerung Und
    Kontrolle von Beschaffung, Produktion Und Logistik</i>, edited by Stefan Betz,
    2nd ed., 87–116. Hamburg, 2018.
  ieee: S. Betz, “Operative Handlungsempfehlungen für eine kostenorientierte Instandhaltunsplanung,”
    in <i>Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung,
    Produktion und Logistik</i>, 2nd ed., S. Betz, Ed. Hamburg, 2018, pp. 87–116.
  mla: Betz, Stefan. “Operative Handlungsempfehlungen Für Eine Kostenorientierte Instandhaltunsplanung.”
    <i>Industrielles Controlling - Planung, Steuerung Und Kontrolle von Beschaffung,
    Produktion Und Logistik</i>, edited by Stefan Betz, 2nd ed., 2018, pp. 87–116.
  short: 'S. Betz, in: S. Betz (Ed.), Industrielles Controlling - Planung, Steuerung
    Und Kontrolle von Beschaffung, Produktion Und Logistik, 2nd ed., Hamburg, 2018,
    pp. 87–116.'
date_created: 2018-10-25T10:29:49Z
date_updated: 2022-01-06T07:01:27Z
department:
- _id: '193'
edition: '2'
editor:
- first_name: Stefan
  full_name: Betz, Stefan
  last_name: Betz
page: 87-116
place: Hamburg
publication: Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung,
  Produktion und Logistik
status: public
title: Operative Handlungsempfehlungen für eine kostenorientierte Instandhaltunsplanung
type: book_chapter
user_id: '21811'
year: '2018'
...
---
_id: '4866'
author:
- first_name: Stefan
  full_name: Betz, Stefan
  id: '54'
  last_name: Betz
citation:
  ama: 'Betz S. Innovationsrisikomanagement bei unsicheren Cash-Flow-Prognosen. In:
    Betz S, ed. <i>Industrielles Controlling - Planung, Steuerung Und Kontrolle von
    Beschaffung, Produktion Und Logistik</i>. 2nd ed. Hamburg; 2018:147-178.'
  apa: Betz, S. (2018). Innovationsrisikomanagement bei unsicheren Cash-Flow-Prognosen.
    In S. Betz (Ed.), <i>Industrielles Controlling - Planung, Steuerung und Kontrolle
    von Beschaffung, Produktion und Logistik</i> (2nd ed., pp. 147–178). Hamburg.
  bibtex: '@inbook{Betz_2018, place={Hamburg}, edition={2}, title={Innovationsrisikomanagement
    bei unsicheren Cash-Flow-Prognosen}, booktitle={Industrielles Controlling - Planung,
    Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}, author={Betz,
    Stefan}, editor={Betz, StefanEditor}, year={2018}, pages={147–178} }'
  chicago: Betz, Stefan. “Innovationsrisikomanagement Bei Unsicheren Cash-Flow-Prognosen.”
    In <i>Industrielles Controlling - Planung, Steuerung Und Kontrolle von Beschaffung,
    Produktion Und Logistik</i>, edited by Stefan Betz, 2nd ed., 147–78. Hamburg,
    2018.
  ieee: S. Betz, “Innovationsrisikomanagement bei unsicheren Cash-Flow-Prognosen,”
    in <i>Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung,
    Produktion und Logistik</i>, 2nd ed., S. Betz, Ed. Hamburg, 2018, pp. 147–178.
  mla: Betz, Stefan. “Innovationsrisikomanagement Bei Unsicheren Cash-Flow-Prognosen.”
    <i>Industrielles Controlling - Planung, Steuerung Und Kontrolle von Beschaffung,
    Produktion Und Logistik</i>, edited by Stefan Betz, 2nd ed., 2018, pp. 147–78.
  short: 'S. Betz, in: S. Betz (Ed.), Industrielles Controlling - Planung, Steuerung
    Und Kontrolle von Beschaffung, Produktion Und Logistik, 2nd ed., Hamburg, 2018,
    pp. 147–178.'
date_created: 2018-10-25T10:32:40Z
date_updated: 2022-01-06T07:01:27Z
department:
- _id: '193'
edition: '2'
editor:
- first_name: Stefan
  full_name: Betz, Stefan
  last_name: Betz
page: 147-178
place: Hamburg
publication: Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung,
  Produktion und Logistik
status: public
title: Innovationsrisikomanagement bei unsicheren Cash-Flow-Prognosen
type: book_chapter
user_id: '21811'
year: '2018'
...
---
_id: '4867'
citation:
  ama: Betz S, ed. <i>Industrielles Controlling - Planung, Steuerung Und Kontrolle
    von Beschaffung, Produktion Und Logistik</i>. 2nd ed. Hamburg; 2018.
  apa: Betz, S. (Ed.). (2018). <i>Industrielles Controlling - Planung, Steuerung und
    Kontrolle von Beschaffung, Produktion und Logistik</i> (2nd ed.). Hamburg.
  bibtex: '@book{Betz_2018, place={Hamburg}, edition={2}, title={Industrielles Controlling
    - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik},
    year={2018} }'
  chicago: Betz, Stefan, ed. <i>Industrielles Controlling - Planung, Steuerung Und
    Kontrolle von Beschaffung, Produktion Und Logistik</i>. 2nd ed. Hamburg, 2018.
  ieee: S. Betz, Ed., <i>Industrielles Controlling - Planung, Steuerung und Kontrolle
    von Beschaffung, Produktion und Logistik</i>, 2nd ed. Hamburg, 2018.
  mla: Betz, Stefan, editor. <i>Industrielles Controlling - Planung, Steuerung Und
    Kontrolle von Beschaffung, Produktion Und Logistik</i>. 2nd ed., 2018.
  short: S. Betz, ed., Industrielles Controlling - Planung, Steuerung Und Kontrolle
    von Beschaffung, Produktion Und Logistik, 2nd ed., Hamburg, 2018.
date_created: 2018-10-25T10:34:05Z
date_updated: 2022-01-06T07:01:27Z
department:
- _id: '193'
edition: '2'
editor:
- first_name: Stefan
  full_name: Betz, Stefan
  id: '54'
  last_name: Betz
place: Hamburg
status: public
title: Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung,
  Produktion und Logistik
type: book_editor
user_id: '21811'
year: '2018'
...
---
_id: '4394'
abstract:
- lang: eng
  text: "    1. Effektive Besteuerung von Outbound-Investitionen in den USA\r\n    2.
    Qualifikation von Einkünften als passiv\r\n    3. Anwendung des Motivtests auf
    die USA?\r\n    4. Fazit und Ausblick"
article_type: original
author:
- first_name: Markus
  full_name: Schümmer, Markus
  last_name: Schümmer
- first_name: Johannes
  full_name: Leusder, Johannes
  last_name: Leusder
- first_name: Arndt
  full_name: Weinrich, Arndt
  id: '72091'
  last_name: Weinrich
  orcid: 0000-0002-3983-0269
citation:
  ama: Schümmer M, Leusder J, Weinrich A. Implikationen der US-Steuerreform auf die
    Hinzurechnungsbesteuerung nach dem AStG. <i>IStR Internationales Steuerrecht</i>.
    2018.
  apa: Schümmer, M., Leusder, J., &#38; Weinrich, A. (2018). Implikationen der US-Steuerreform
    auf die Hinzurechnungsbesteuerung nach dem AStG. <i>IStR Internationales Steuerrecht</i>.
  bibtex: '@article{Schümmer_Leusder_Weinrich_2018, title={Implikationen der US-Steuerreform
    auf die Hinzurechnungsbesteuerung nach dem AStG}, journal={IStR Internationales
    Steuerrecht}, author={Schümmer, Markus and Leusder, Johannes and Weinrich, Arndt},
    year={2018} }'
  chicago: Schümmer, Markus, Johannes Leusder, and Arndt Weinrich. “Implikationen
    der US-Steuerreform auf die Hinzurechnungsbesteuerung nach dem AStG.” <i>IStR
    Internationales Steuerrecht</i>, 2018.
  ieee: M. Schümmer, J. Leusder, and A. Weinrich, “Implikationen der US-Steuerreform
    auf die Hinzurechnungsbesteuerung nach dem AStG,” <i>IStR Internationales Steuerrecht</i>,
    2018.
  mla: Schümmer, Markus, et al. “Implikationen der US-Steuerreform auf die Hinzurechnungsbesteuerung
    nach dem AStG.” <i>IStR Internationales Steuerrecht</i>, 2018.
  short: M. Schümmer, J. Leusder, A. Weinrich, IStR Internationales Steuerrecht (2018).
date_created: 2018-09-14T08:42:16Z
date_updated: 2022-01-06T07:01:00Z
department:
- _id: '186'
- _id: '189'
extern: '1'
jel:
- H2
- M41
keyword:
- Effektive Besteuerung von Outbound-Investitionen in den USA Qualifikation von Einkünften
  als passiv  Anwendung des Motivtests auf die USA
language:
- iso: ger
publication: IStR Internationales Steuerrecht
publication_status: published
status: public
title: Implikationen der US-Steuerreform auf die Hinzurechnungsbesteuerung nach dem
  AStG
type: journal_article
user_id: '72091'
year: '2018'
...
---
_id: '5007'
abstract:
- lang: eng
  text: This study analyzes the relation between accounting conservatism, future tax
    rate cuts and countries’ level of book-tax conformity. Firms have an incentive
    to increase conservatism in financial reporting when a tax rate cut is imminent
    to shift taxable income into the lower taxed future. Using a panel of firms across
    18 countries from 1995 to 2010 I find that conditional conservatism is positively
    and significantly associated with future tax rate cuts when book-tax conformity
    is high. This effect is particularly pronounced for firms that concentrate the majority
    of their operations in the country in which the tax rate is cut. In contrast,
    there is no significant relation between future tax rate cuts and unconditional
    conservatism.
author:
- first_name: Tobias
  full_name: Bornemann, Tobias
  last_name: Bornemann
citation:
  ama: Bornemann T. <i>Tax Avoidance and Accounting Conservatism</i>. Vol No. 2018-04.;
    2018.
  apa: Bornemann, T. (2018). <i>Tax Avoidance and Accounting Conservatism</i> (Vol.
    No. 2018-04).
  bibtex: '@book{Bornemann_2018, series={WU International Taxation Research Paper
    Series}, title={Tax Avoidance and Accounting Conservatism}, volume={No. 2018-04},
    author={Bornemann, Tobias}, year={2018}, collection={WU International Taxation
    Research Paper Series} }'
  chicago: Bornemann, Tobias. <i>Tax Avoidance and Accounting Conservatism</i>. Vol.
    No. 2018-04. WU International Taxation Research Paper Series, 2018.
  ieee: T. Bornemann, <i>Tax Avoidance and Accounting Conservatism</i>, vol. No. 2018-04.
    2018.
  mla: Bornemann, Tobias. <i>Tax Avoidance and Accounting Conservatism</i>. Vol. No.
    2018-04, 2018.
  short: T. Bornemann, Tax Avoidance and Accounting Conservatism, 2018.
date_created: 2018-10-30T12:14:40Z
date_updated: 2022-01-06T07:01:34Z
department:
- _id: '187'
language:
- iso: eng
main_file_link:
- open_access: '1'
  url: https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3114054_code1908122.pdf?abstractid=3114054&mirid=1
oa: '1'
series_title: WU International Taxation Research Paper Series
status: public
title: Tax Avoidance and Accounting Conservatism
type: working_paper
user_id: '68607'
volume: No. 2018-04
year: '2018'
...
---
_id: '5008'
abstract:
- lang: eng
  text: 'This study analyzes the impact of transfer pricing on multinational enterprises’
    R&D investment decisions. Specifically, I examine the effects of two commonly used
    contract designs to exchange and develop intangible assets across group affiliates:
    licensing and cost sharing agreements. Whilst serving as a tool to allocate taxable
    income between group affiliates, the economic implications of licensing and cost
    sharing agreements differ. Whereas licensing agreements provide for a sharing rule
    on the intangible’s profits, cost sharing agreements on the other hand provide
    a sharing rule on R&D development costs. This difference matters when firms simultaneously
    use internal transfer prices to allocate taxable income and provide local management
    with sufficient investment incentives. Using a multiple-agent, moral hazard investment
    framework I model a multinational firm with comparable group affiliates in two countries
    that delegates the R&D investment decision to a local risk and effort averse affiliate
    manager. The results suggest that the optimal contract not only depends on available
    tax benefits, but also on R&D investment and manager specific characteristics. A
    licensing agreement provides management with larger incentives to invest in R&D
    mitigating agency concerns associated with R&D. On the other hand, using a cost
    sharing agreement the firm can cater different risk preferences among managers potentially
    increasing investment. The arm’s length principle however may distort an efficient
    allocation of R&D costs when using a cost sharing agreement.'
author:
- first_name: Tobias
  full_name: Bornemann, Tobias
  last_name: Bornemann
citation:
  ama: Bornemann T. <i>Do Transfer Pricing Rules Distort R&#38;D Investment Decisions?</i>
    Vol No. 2018-02.; 2018.
  apa: Bornemann, T. (2018). <i>Do Transfer Pricing Rules Distort R&#38;D Investment
    Decisions?</i> (Vol. No. 2018-02).
  bibtex: '@book{Bornemann_2018, series={WU International Taxation Research Paper
    Series}, title={Do Transfer Pricing Rules Distort R&#38;D Investment Decisions?},
    volume={No. 2018-02}, author={Bornemann, Tobias}, year={2018}, collection={WU
    International Taxation Research Paper Series} }'
  chicago: Bornemann, Tobias. <i>Do Transfer Pricing Rules Distort R&#38;D Investment
    Decisions?</i> Vol. No. 2018-02. WU International Taxation Research Paper Series,
    2018.
  ieee: T. Bornemann, <i>Do Transfer Pricing Rules Distort R&#38;D Investment Decisions?</i>,
    vol. No. 2018-02. 2018.
  mla: Bornemann, Tobias. <i>Do Transfer Pricing Rules Distort R&#38;D Investment
    Decisions?</i> Vol. No. 2018-02, 2018.
  short: T. Bornemann, Do Transfer Pricing Rules Distort R&#38;D Investment Decisions?,
    2018.
date_created: 2018-10-30T12:16:19Z
date_updated: 2022-01-06T07:01:34Z
department:
- _id: '187'
language:
- iso: eng
main_file_link:
- url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3114071
series_title: WU International Taxation Research Paper Series
status: public
title: Do Transfer Pricing Rules Distort R&D Investment Decisions?
type: working_paper
user_id: '68607'
volume: No. 2018-02
year: '2018'
...