--- _id: '35097' author: - first_name: Michael full_name: Ebert, Michael id: '42419' last_name: Ebert - first_name: Ulrich full_name: Schäfer, Ulrich last_name: Schäfer - first_name: Georg Thomas full_name: Schneider, Georg Thomas last_name: Schneider citation: ama: Ebert M, Schäfer U, Schneider GT. Information Leaks and Voluntary Disclosure.; 2022. doi:10.2139/ssrn.4168084 apa: Ebert, M., Schäfer, U., & Schneider, G. T. (2022). Information Leaks and Voluntary Disclosure. https://doi.org/10.2139/ssrn.4168084 bibtex: '@book{Ebert_Schäfer_Schneider_2022, title={Information Leaks and Voluntary Disclosure}, DOI={10.2139/ssrn.4168084}, author={Ebert, Michael and Schäfer, Ulrich and Schneider, Georg Thomas}, year={2022} }' chicago: Ebert, Michael, Ulrich Schäfer, and Georg Thomas Schneider. Information Leaks and Voluntary Disclosure, 2022. https://doi.org/10.2139/ssrn.4168084. ieee: M. Ebert, U. Schäfer, and G. T. Schneider, Information Leaks and Voluntary Disclosure. 2022. mla: Ebert, Michael, et al. Information Leaks and Voluntary Disclosure. 2022, doi:10.2139/ssrn.4168084. short: M. Ebert, U. Schäfer, G.T. Schneider, Information Leaks and Voluntary Disclosure, 2022. date_created: 2023-01-02T10:24:15Z date_updated: 2023-01-12T08:59:19Z department: - _id: '186' - _id: '190' - _id: '635' doi: 10.2139/ssrn.4168084 language: - iso: eng publication_identifier: issn: - 1556-5068 publication_status: published status: public title: Information Leaks and Voluntary Disclosure type: working_paper user_id: '42419' year: '2022' ... --- _id: '37089' abstract: - lang: eng text: This research note links the legal framework of the insolvency process of German firms to the information available in the newly-constructed insol database. In particular, the database contains information from documents published by German insolvency courts in period 2005- 2022. This research note first presents the insolvency process with steps and events of the process as determined by the Insolvency Law (InsO). Next, it classifies the documents to specific steps and events, and then presents their information content using textual analysis. Specifically, we identify target phrases via manual document checks and then create regular expressions for the target phrases. Classification of documents allows us to sketch most common paths that insolvent firms go through. author: - first_name: Theresa full_name: Ahlers, Theresa last_name: Ahlers - first_name: Fikir Worku full_name: Edossa, Fikir Worku last_name: Edossa - first_name: Matthias full_name: Uckert, Matthias last_name: Uckert - first_name: Urska full_name: Kosi, Urska id: '54068' last_name: Kosi citation: ama: 'Ahlers T, Edossa FW, Uckert M, Kosi U. Insolvcency Process in Germany and the Insol Database: A Research Note.; 2022.' apa: 'Ahlers, T., Edossa, F. W., Uckert, M., & Kosi, U. (2022). Insolvcency Process in Germany and the insol database: A research Note.' bibtex: '@book{Ahlers_Edossa_Uckert_Kosi_2022, title={Insolvcency Process in Germany and the insol database: A research Note}, author={Ahlers, Theresa and Edossa, Fikir Worku and Uckert, Matthias and Kosi, Urska}, year={2022} }' chicago: 'Ahlers, Theresa, Fikir Worku Edossa, Matthias Uckert, and Urska Kosi. Insolvcency Process in Germany and the Insol Database: A Research Note, 2022.' ieee: 'T. Ahlers, F. W. Edossa, M. Uckert, and U. Kosi, Insolvcency Process in Germany and the insol database: A research Note. 2022.' mla: 'Ahlers, Theresa, et al. Insolvcency Process in Germany and the Insol Database: A Research Note. 2022.' short: 'T. Ahlers, F.W. Edossa, M. Uckert, U. Kosi, Insolvcency Process in Germany and the Insol Database: A Research Note, 2022.' date_created: 2023-01-17T12:50:09Z date_updated: 2024-05-21T11:09:44Z ddc: - '330' department: - _id: '635' - _id: '186' - _id: '551' file: - access_level: closed content_type: application/pdf creator: ast date_created: 2024-05-21T11:06:28Z date_updated: 2024-05-21T11:06:28Z file_id: '54378' file_name: ahlers_etal.pdf file_size: 760825 relation: main_file success: 1 file_date_updated: 2024-05-21T11:06:28Z has_accepted_license: '1' keyword: - insol database - insolvency process - Germany - court fillings language: - iso: eng publication_status: published status: public title: 'Insolvcency Process in Germany and the insol database: A research Note' type: working_paper user_id: '15866' year: '2022' ... --- _id: '37131' abstract: - lang: eng text: 'This paper introduces a novel database on the European corporate bond market to analyze the role of transparency regulation and recent developments in bond markets. We use data from the European Securities and Markets Authority (ESMA) to build a comprehensive database covering daily corporate bond listing information in Europe starting in 2018. We then analyze the different market segments of the European bond market along four key areas: (i) time and cross-sectional trends in bond listings; (ii) composition of firms on the market; (iii) firms’ financial reporting transparency; (iv) bond contract terms. Furthermore, we discuss the impact of recent economic events on these key areas.' author: - first_name: Benedikt full_name: Franke, Benedikt last_name: Franke - first_name: Urska full_name: Kosi, Urska id: '54068' last_name: Kosi - first_name: Pia full_name: Stoczek, Pia last_name: Stoczek citation: ama: Franke B, Kosi U, Stoczek P. Current Developments in the European Corporate Bond Market.; 2022. apa: Franke, B., Kosi, U., & Stoczek, P. (2022). Current developments in the European corporate bond market. bibtex: '@book{Franke_Kosi_Stoczek_2022, title={Current developments in the European corporate bond market}, author={Franke, Benedikt and Kosi, Urska and Stoczek, Pia}, year={2022} }' chicago: Franke, Benedikt, Urska Kosi, and Pia Stoczek. Current Developments in the European Corporate Bond Market, 2022. ieee: B. Franke, U. Kosi, and P. Stoczek, Current developments in the European corporate bond market. 2022. mla: Franke, Benedikt, et al. Current Developments in the European Corporate Bond Market. 2022. short: B. Franke, U. Kosi, P. Stoczek, Current Developments in the European Corporate Bond Market, 2022. date_created: 2023-01-17T14:27:46Z date_updated: 2024-05-21T11:10:24Z ddc: - '330' department: - _id: '635' - _id: '186' - _id: '551' file: - access_level: closed content_type: application/pdf creator: ast date_created: 2024-05-21T10:45:24Z date_updated: 2024-05-21T10:45:24Z file_id: '54377' file_name: Franke_Kosi_Stoczek.pdf file_size: 1426835 relation: main_file success: 1 file_date_updated: 2024-05-21T10:45:24Z has_accepted_license: '1' keyword: - Transparency regulation - Corporate bond - European market language: - iso: eng status: public title: Current developments in the European corporate bond market type: working_paper user_id: '15866' year: '2022' ... --- _id: '37070' author: - first_name: Bianca full_name: Beyer, Bianca last_name: Beyer - first_name: Vanessa full_name: Flagmeier, Vanessa id: '8084' last_name: Flagmeier - first_name: Urska full_name: Kosi, Urska id: '54068' last_name: Kosi citation: ama: Beyer B, Flagmeier V, Kosi U. Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?; 2022. apa: Beyer, B., Flagmeier, V., & Kosi, U. (2022). Does private firms’ disclosure affect public peers’ information environment? bibtex: '@book{Beyer_Flagmeier_Kosi_2022, title={Does private firms’ disclosure affect public peers’ information environment?}, author={Beyer, Bianca and Flagmeier, Vanessa and Kosi, Urska}, year={2022} }' chicago: Beyer, Bianca, Vanessa Flagmeier, and Urska Kosi. Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?, 2022. ieee: B. Beyer, V. Flagmeier, and U. Kosi, Does private firms’ disclosure affect public peers’ information environment? 2022. mla: Beyer, Bianca, et al. Does Private Firms’ Disclosure Affect Public Peers’ Information Environment? 2022. short: B. Beyer, V. Flagmeier, U. Kosi, Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?, 2022. date_created: 2023-01-17T12:24:02Z date_updated: 2023-01-17T13:36:09Z department: - _id: '635' - _id: '186' - _id: '551' language: - iso: eng status: public title: Does private firms’ disclosure affect public peers’ information environment? type: working_paper user_id: '88603' year: '2022' ... --- _id: '37088' abstract: - lang: eng text: We examine variation in mandatory CSR reporting practices based on a large sample of non-publicly listed savings banks in Germany. They do not have typical shareholders but rather are established by municipal trustees and can serve clients only in their distinct operating area. This setting permits us to identify demand for CSR information by their main stakeholder groups – municipal trustees and private and corporate clients. In this way, our analysis focuses on the double-materiality approach to CSR reporting. We find that demand for CSR information by supervisory board chairperson belonging to a left-wing or green party and the presence of more supervisory board members belonging to a left-wing or green party are associated with longer CSR reports and more disclosure on environmental, social, employee and human rights matters. In addition, competition for private clients and the sustainability orientation of corporate clients are associated with longer reports and more disclosure on environmental, employee and human rights matters. These findings suggest that savings banks’ CSR reports cater to their principal stakeholders’ demand for CSR information. author: - first_name: Maryna full_name: Gulenko, Maryna id: '64226' last_name: Gulenko - first_name: Saskia full_name: Kohlhase, Saskia last_name: Kohlhase - first_name: Urska full_name: Kosi, Urska id: '54068' last_name: Kosi citation: ama: 'Gulenko M, Kohlhase S, Kosi U. CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms.; 2022.' apa: 'Gulenko, M., Kohlhase, S., & Kosi, U. (2022). CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms.' bibtex: '@book{Gulenko_Kohlhase_Kosi_2022, title={CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms}, author={Gulenko, Maryna and Kohlhase, Saskia and Kosi, Urska}, year={2022} }' chicago: 'Gulenko, Maryna, Saskia Kohlhase, and Urska Kosi. CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms, 2022.' ieee: 'M. Gulenko, S. Kohlhase, and U. Kosi, CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms. 2022.' mla: 'Gulenko, Maryna, et al. CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms. 2022.' short: 'M. Gulenko, S. Kohlhase, U. Kosi, CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms, 2022.' date_created: 2023-01-17T12:40:09Z date_updated: 2023-01-18T13:59:33Z department: - _id: '635' - _id: '186' - _id: '551' keyword: - Corporate social responsibility - Mandatory reporting - Non-publicly listed banks - Double materiality - Stakeholder groups - Political influence language: - iso: eng main_file_link: - url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4040946 status: public title: 'CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms' type: working_paper user_id: '88603' year: '2022' ... --- _id: '22221' author: - first_name: Maximilian full_name: Blankenfeldt, Maximilian last_name: Blankenfeldt - first_name: Jens full_name: Müller, Jens id: '1245' last_name: Müller - first_name: Arndt full_name: Weinrich, Arndt id: '72091' last_name: Weinrich orcid: 0000-0002-3983-0269 citation: ama: 'Blankenfeldt M, Müller J, Weinrich A. Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis. In: Vögele A, ed. Intangibles - Immaterielle Werte. 2nd ed. C.H.Beck; 2021.' apa: 'Blankenfeldt, M., Müller, J., & Weinrich, A. (2021). Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis. In A. Vögele (Ed.), Intangibles - Immaterielle Werte (2nd ed.). C.H.Beck.' bibtex: '@inbook{Blankenfeldt_Müller_Weinrich_2021, place={München}, edition={2}, title={Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis}, booktitle={Intangibles - Immaterielle Werte}, publisher={C.H.Beck}, author={Blankenfeldt, Maximilian and Müller, Jens and Weinrich, Arndt}, editor={Vögele, Alexander}, year={2021} }' chicago: 'Blankenfeldt, Maximilian, Jens Müller, and Arndt Weinrich. “Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis.” In Intangibles - Immaterielle Werte, edited by Alexander Vögele, 2nd ed. München: C.H.Beck, 2021.' ieee: 'M. Blankenfeldt, J. Müller, and A. Weinrich, “Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis,” in Intangibles - Immaterielle Werte, 2nd ed., A. Vögele, Ed. München: C.H.Beck, 2021.' mla: 'Blankenfeldt, Maximilian, et al. “Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis.” Intangibles - Immaterielle Werte, edited by Alexander Vögele, 2nd ed., C.H.Beck, 2021.' short: 'M. Blankenfeldt, J. Müller, A. Weinrich, in: A. Vögele (Ed.), Intangibles - Immaterielle Werte, 2nd ed., C.H.Beck, München, 2021.' date_created: 2021-05-24T10:26:53Z date_updated: 2022-01-06T06:55:29Z department: - _id: '186' - _id: '189' - _id: '635' edition: '2' editor: - first_name: Alexander full_name: Vögele, Alexander last_name: Vögele language: - iso: ger place: München publication: Intangibles - Immaterielle Werte publication_identifier: isbn: - 978-3-406-71601-0 publication_status: published publisher: C.H.Beck status: public title: 'Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis' type: book_chapter user_id: '72091' year: '2021' ... --- _id: '17514' abstract: - lang: eng text: This paper introduces an index that captures the complexity of countries’ corporate income tax systems faced by multinational corporations. It is based on surveys of highly experienced tax consultants of the largest international tax services networks. The index, called the Tax Complexity Index (TCI), is composed of a tax code subindex covering tax regulations and a tax framework subindex covering tax processes and features. For a sample of 100 countries for the year 2016, we find that the level of tax complexity varies considerably across countries, while tax code and framework complexity also vary within countries. From a global perspective, tax complexity is strongly driven by the complexity of both transfer pricing regulations in the tax code and tax audits in the tax framework. When analyzing the associations with other country characteristics, we identify different correlation patterns. For example, tax framework complexity is negatively associated with countries’ governance, suggesting that strongly governed countries tend to have less complex tax frameworks, while tax code complexity is positively associated with the statutory tax rate, indicating that high-tax countries tend to have more complex tax codes. However, none of the observed associa-tions are very strong. We conclude that tax complexity represents a distinct country charac-teristic and propose the use of our TCI and its subindices in future research. author: - first_name: Thomas full_name: Hoppe, Thomas id: '22671' last_name: Hoppe - first_name: Debora full_name: Schanz, Debora 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 orcid: ' 0000-0002-8183-5901' citation: ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity.; 2021. doi:10.2139/ssrn.3469663 apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2021). The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity. https://doi.org/10.2139/ssrn.3469663 bibtex: '@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2021, series={TRR 266 Accounting for Transparency Working Paper Series No. 5}, title={The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity}, DOI={10.2139/ssrn.3469663}, author={Hoppe, Thomas and Schanz, Debora and Sturm, Susann and Sureth-Sloane, Caren}, year={2021}, collection={TRR 266 Accounting for Transparency Working Paper Series No. 5} }' chicago: Hoppe, Thomas, Debora Schanz, Susann Sturm, and Caren Sureth-Sloane. The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity. TRR 266 Accounting for Transparency Working Paper Series No. 5, 2021. https://doi.org/10.2139/ssrn.3469663. ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity. 2021. mla: Hoppe, Thomas, et al. The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity. 2021, doi:10.2139/ssrn.3469663. short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity, 2021. date_created: 2020-07-31T10:58:34Z date_updated: 2024-04-08T11:28:56Z department: - _id: '635' doi: 10.2139/ssrn.3469663 language: - iso: eng main_file_link: - open_access: '1' url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3469663 oa: '1' series_title: TRR 266 Accounting for Transparency Working Paper Series No. 5 status: public title: The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity type: working_paper user_id: '530' year: '2021' ... --- _id: '37136' abstract: - lang: eng text: This study examines the relation between voluntary audit and the cost of debt in private firms. We use a sample of 4,058 small private firms operating in the period 2006‐2017 that are not subject to mandatory audits. Firms decide for a voluntary audit of financial statements either because the economic setting in which they operate effectively forces them to do so (e.g., ownership complexity, export‐oriented supply chain, subsidiary status) or because firm fundamentals and/or financial reporting practices limit their access to financial debt, both reflected in earnings quality. We use these factors to model the decision for voluntary audit. In the outcome analyses, we find robust evidence that voluntary audits are associated with higher, rather than lower, interest rate by up to 3.0 percentage points. This effect is present regardless of the perceived audit quality (Big‐4 vs. non‐Big‐4), but is stronger for non‐Big‐4 audits where auditees have a stronger position relative to auditors. Audited firms’ earnings are less informative about future operating performance relative to unaudited counterparts. We conclude that voluntary audits facilitate access to financial debt for firms with higher risk that may otherwise have no access to this form of financing. The price paid is reflected in higher interest rates charged to firms with voluntary audits – firms with higher information and/or fundamental risk. author: - first_name: Riste full_name: Ichev, Riste last_name: Ichev - first_name: Jernej full_name: Koren, Jernej last_name: Koren - first_name: Urska full_name: Kosi, Urska id: '54068' last_name: Kosi - first_name: Katarina full_name: Sitar Sustar, Katarina last_name: Sitar Sustar - first_name: Aljosa full_name: Valentincic, Aljosa last_name: Valentincic citation: ama: 'Ichev R, Koren J, Kosi U, Sitar Sustar K, Valentincic A. Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk.; 2021.' apa: 'Ichev, R., Koren, J., Kosi, U., Sitar Sustar, K., & Valentincic, A. (2021). Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk.' bibtex: '@book{Ichev_Koren_Kosi_Sitar Sustar_Valentincic_2021, title={Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk}, author={Ichev, Riste and Koren, Jernej and Kosi, Urska and Sitar Sustar, Katarina and Valentincic, Aljosa}, year={2021} }' chicago: 'Ichev, Riste, Jernej Koren, Urska Kosi, Katarina Sitar Sustar, and Aljosa Valentincic. Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk, 2021.' ieee: 'R. Ichev, J. Koren, U. Kosi, K. Sitar Sustar, and A. Valentincic, Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk. 2021.' mla: 'Ichev, Riste, et al. Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk. 2021.' short: 'R. Ichev, J. Koren, U. Kosi, K. Sitar Sustar, A. Valentincic, Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk, 2021.' date_created: 2023-01-17T15:03:08Z date_updated: 2023-01-18T13:40:40Z department: - _id: '635' - _id: '186' - _id: '551' keyword: - private firms - voluntary audit - cost of debt - self‐selection bias - risk language: - iso: eng main_file_link: - url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3853927 status: public title: 'Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk' type: working_paper user_id: '88603' year: '2021' ... --- _id: '36077' author: - first_name: Thomas full_name: Hoppe, Thomas id: '22671' last_name: Hoppe - first_name: Jens full_name: Müller, Jens id: '1245' last_name: Müller - first_name: Katharina full_name: Wittek, Katharina id: '69169' last_name: Wittek - first_name: Arndt full_name: Weinrich, Arndt id: '72091' last_name: Weinrich orcid: 0000-0002-3983-0269 citation: ama: Hoppe T, Müller J, Wittek K, Weinrich A. Eine ökonomische Einordnung des öffentlichen Country-by-Country Reporting in der EU. iStR. Published online 2021. apa: Hoppe, T., Müller, J., Wittek, K., & Weinrich, A. (2021). Eine ökonomische Einordnung des öffentlichen Country-by-Country Reporting in der EU. IStR. bibtex: '@article{Hoppe_Müller_Wittek_Weinrich_2021, title={Eine ökonomische Einordnung des öffentlichen Country-by-Country Reporting in der EU}, journal={iStR}, author={Hoppe, Thomas and Müller, Jens and Wittek, Katharina and Weinrich, Arndt}, year={2021} }' chicago: Hoppe, Thomas, Jens Müller, Katharina Wittek, and Arndt Weinrich. “Eine Ökonomische Einordnung Des Öffentlichen Country-by-Country Reporting in Der EU.” IStR, 2021. ieee: T. Hoppe, J. Müller, K. Wittek, and A. Weinrich, “Eine ökonomische Einordnung des öffentlichen Country-by-Country Reporting in der EU,” iStR, 2021. mla: Hoppe, Thomas, et al. “Eine Ökonomische Einordnung Des Öffentlichen Country-by-Country Reporting in Der EU.” IStR, 2021. short: T. Hoppe, J. Müller, K. Wittek, A. Weinrich, IStR (2021). date_created: 2023-01-11T12:07:19Z date_updated: 2026-02-04T07:12:03Z department: - _id: '635' - _id: '189' language: - iso: eng publication: iStR status: public title: Eine ökonomische Einordnung des öffentlichen Country-by-Country Reporting in der EU type: journal_article user_id: '83776' year: '2021' ... --- _id: '35089' author: - first_name: Michael full_name: Ebert, Michael id: '42419' last_name: Ebert - first_name: Joseph (Jay) B. full_name: Kadane, Joseph (Jay) B. last_name: Kadane - first_name: Dirk full_name: Simons, Dirk last_name: Simons - first_name: Jack Douglas full_name: Stecher, Jack Douglas last_name: Stecher citation: ama: Ebert M, Kadane J (Jay) B, Simons D, Stecher JD. Information Design in Coordination Games with Risk Dominant Equilibrium Selection.; 2020. doi:10.2139/ssrn.3564451 apa: Ebert, M., Kadane, J. (Jay) B., Simons, D., & Stecher, J. D. (2020). Information Design in Coordination Games with Risk Dominant Equilibrium Selection. https://doi.org/10.2139/ssrn.3564451 bibtex: '@book{Ebert_Kadane_Simons_Stecher_2020, title={Information Design in Coordination Games with Risk Dominant Equilibrium Selection}, DOI={10.2139/ssrn.3564451}, author={Ebert, Michael and Kadane, Joseph (Jay) B. and Simons, Dirk and Stecher, Jack Douglas}, year={2020} }' chicago: Ebert, Michael, Joseph (Jay) B. Kadane, Dirk Simons, and Jack Douglas Stecher. Information Design in Coordination Games with Risk Dominant Equilibrium Selection, 2020. https://doi.org/10.2139/ssrn.3564451. ieee: M. Ebert, J. (Jay) B. Kadane, D. Simons, and J. D. Stecher, Information Design in Coordination Games with Risk Dominant Equilibrium Selection. 2020. mla: Ebert, Michael, et al. Information Design in Coordination Games with Risk Dominant Equilibrium Selection. 2020, doi:10.2139/ssrn.3564451. short: M. Ebert, J. (Jay) B. Kadane, D. Simons, J.D. Stecher, Information Design in Coordination Games with Risk Dominant Equilibrium Selection, 2020. date_created: 2023-01-02T10:14:34Z date_updated: 2023-01-12T09:03:18Z department: - _id: '186' - _id: '190' - _id: '635' doi: 10.2139/ssrn.3564451 language: - iso: eng publication_identifier: issn: - 1556-5068 publication_status: published status: public title: Information Design in Coordination Games with Risk Dominant Equilibrium Selection type: working_paper user_id: '42419' year: '2020' ... --- _id: '14901' abstract: - lang: eng text: 'This study investigates whether country risk factors, including political and fiscal budget risk, attenuate the effectiveness of tax policy tools that aim to encourage corporate risk-taking. Exploiting a cross-country panel, we predict and find that the effectiveness of loss offset rules and tax rate changes is fully attenuated for firms located in high-risk countries. We document the attenuating effect of country risk is more pronounced in high-tax countries or when countries increase their corporate tax rate. Additional tests around the U.S. federal budget crises from 2011 to 2013 indicate that temporarily heightened fiscal budget risk attenuates the effectiveness of loss offset rules even in countries with low political risk. We identify conditions (low political and low fiscal budget risk) under which targeted tax policy tools effectively stimulate risk-taking. This suggests that ensuring taxpayers receive tax refunds is important in times of economic crises with budgetary or political challenges. ' author: - first_name: Benjamin full_name: Osswald, Benjamin last_name: Osswald - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane orcid: ' 0000-0002-8183-5901' citation: ama: Osswald B, Sureth-Sloane C. Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting for Transparency Working Paper Series No. 28; 2020. doi:10.2139/ssrn.3297418 apa: Osswald, B., & Sureth-Sloane, C. (2020). Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting for Transparency Working Paper Series No. 28. https://doi.org/10.2139/ssrn.3297418 bibtex: '@book{Osswald_Sureth-Sloane_2020, title={Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking?}, DOI={10.2139/ssrn.3297418}, publisher={TRR 266 Accounting for Transparency Working Paper Series No. 28}, author={Osswald, Benjamin and Sureth-Sloane, Caren}, year={2020} }' chicago: Osswald, Benjamin, and Caren Sureth-Sloane. Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting for Transparency Working Paper Series No. 28, 2020. https://doi.org/10.2139/ssrn.3297418. ieee: B. Osswald and C. Sureth-Sloane, Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting for Transparency Working Paper Series No. 28, 2020. mla: Osswald, Benjamin, and Caren Sureth-Sloane. Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting for Transparency Working Paper Series No. 28, 2020, doi:10.2139/ssrn.3297418. short: B. Osswald, C. Sureth-Sloane, Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking?, TRR 266 Accounting for Transparency Working Paper Series No. 28, 2020. date_created: 2019-11-13T08:11:55Z date_updated: 2024-06-18T09:32:32Z department: - _id: '187' - _id: '635' doi: 10.2139/ssrn.3297418 language: - iso: eng main_file_link: - open_access: '1' url: https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3628503_code1908122.pdf?abstractid=3297418&mirid=1&type=2 oa: '1' publication_status: published publisher: TRR 266 Accounting for Transparency Working Paper Series No. 28 status: public title: Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? type: working_paper user_id: '74000' year: '2020' ... --- _id: '16486' abstract: - lang: eng text: After the introduction of CbCR – pursuant to the BEPS Project (Action 13) in 2015 –, which was established to reduce the information asymmetry between MNEs and tax authorities of the countries they operate in, now public CbCR – as suggested by the EU Commission in 2016 – is discussed as a next step. Here, the objective is to overcome information asymmetries between MNEs and the general public of the countries they operate in. Starting from the assumption that regulators care about the legitimacy of tax laws, this article evaluates pros and cons of public CbCR. The authors find that from the perspective of information asymmetries, public CbCR increases tax transparency only marginally at best. Accordingly, it is concluded that democracies that are based on the rule of law seem to rely on pillories in terms of public CbCR to enforce fair tax payments. article_type: original author: - first_name: Martin full_name: Lagarden, Martin last_name: Lagarden - first_name: Ulrich full_name: Schreiber, Ulrich last_name: Schreiber - first_name: Dirk full_name: Simons, Dirk last_name: Simons - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane orcid: ' 0000-0002-8183-5901' citation: ama: Lagarden M, Schreiber U, Simons D, Sureth-Sloane C. Country-by-Country Reporting Goes Public - Cui Bono? International Transfer Pricing Journal. 2020;27(2). apa: Lagarden, M., Schreiber, U., Simons, D., & Sureth-Sloane, C. (2020). Country-by-Country Reporting Goes Public - Cui Bono? International Transfer Pricing Journal, 27(2). bibtex: '@article{Lagarden_Schreiber_Simons_Sureth-Sloane_2020, title={Country-by-Country Reporting Goes Public - Cui Bono?}, volume={27}, number={2}, journal={International Transfer Pricing Journal}, author={Lagarden, Martin and Schreiber, Ulrich and Simons, Dirk and Sureth-Sloane, Caren}, year={2020} }' chicago: Lagarden, Martin, Ulrich Schreiber, Dirk Simons, and Caren Sureth-Sloane. “Country-by-Country Reporting Goes Public - Cui Bono?” International Transfer Pricing Journal 27, no. 2 (2020). ieee: M. Lagarden, U. Schreiber, D. Simons, and C. Sureth-Sloane, “Country-by-Country Reporting Goes Public - Cui Bono?,” International Transfer Pricing Journal, vol. 27, no. 2, 2020. mla: Lagarden, Martin, et al. “Country-by-Country Reporting Goes Public - Cui Bono?” International Transfer Pricing Journal, vol. 27, no. 2, 2020. short: M. Lagarden, U. Schreiber, D. Simons, C. Sureth-Sloane, International Transfer Pricing Journal 27 (2020). date_created: 2020-04-09T08:11:43Z date_updated: 2026-04-09T07:23:15Z department: - _id: '187' - _id: '635' intvolume: ' 27' issue: '2' language: - iso: eng publication: International Transfer Pricing Journal publication_status: published quality_controlled: '1' status: public title: Country-by-Country Reporting Goes Public - Cui Bono? type: journal_article user_id: '96670' volume: 27 year: '2020' ... --- _id: '14902' author: - first_name: Christina full_name: Mair, Christina last_name: Mair - first_name: Wolfram full_name: Scheffler, Wolfram last_name: Scheffler - first_name: Isabell full_name: Senger, Isabell last_name: Senger - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane citation: ama: Mair C, Scheffler W, Senger I, Sureth-Sloane C. Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern. Vol 42.; 2019. apa: Mair, C., Scheffler, W., Senger, I., & Sureth-Sloane, C. (2019). Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern (Vol. 42). bibtex: '@book{Mair_Scheffler_Senger_Sureth-Sloane_2019, series={TAF Wokring Paper Series}, title={Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern}, volume={42}, author={Mair, Christina and Scheffler, Wolfram and Senger, Isabell and Sureth-Sloane, Caren}, year={2019}, collection={TAF Wokring Paper Series} }' chicago: Mair, Christina, Wolfram Scheffler, Isabell Senger, and Caren Sureth-Sloane. Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern. Vol. 42. TAF Wokring Paper Series, 2019. ieee: C. Mair, W. Scheffler, I. Senger, and C. Sureth-Sloane, Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern, vol. 42. 2019. mla: Mair, Christina, et al. Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern. Vol. 42, 2019. short: C. Mair, W. Scheffler, I. Senger, C. Sureth-Sloane, Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern, 2019. date_created: 2019-11-13T08:15:09Z date_updated: 2022-01-06T06:52:10Z ddc: - '330' department: - _id: '187' - _id: '635' file: - access_level: closed content_type: application/pdf creator: kschulz2 date_created: 2021-03-09T09:35:37Z date_updated: 2021-03-09T09:35:37Z file_id: '21423' file_name: TAF Working Paper No. 42.pdf file_size: 1293280 relation: main_file success: 1 file_date_updated: 2021-03-09T09:35:37Z has_accepted_license: '1' intvolume: ' 42' language: - iso: ger main_file_link: - open_access: '1' oa: '1' publication_status: published series_title: TAF Wokring Paper Series status: public title: Analyse der Veränderung der zwischenstaatlichen Gewinnaufteilung bei Einführung einer standardisierten Gewinnverteilungsmethode am Beispiel des Einsatzes von 3D-Druckern type: working_paper user_id: '68607' volume: 42 year: '2019' ... --- _id: '4996' abstract: - lang: eng text: We analyze the impact of wealth taxes on investment timing decisions under uncertainty and irreversibility by employing a real options model of the Dixit/Pindyck type. Considering that wealth taxes have been (re-)introduced or are under discussion in many countries, investors need decision rules for tax systems with wealth taxation. We integrate different valuation methods for wealth tax purposes, distinguish between broadly and narrowly defined wealth taxes and vary the wealth tax rate to ascertain which wealth tax design is more or less likely to accelerate or delay investment. Our main findings are threefold. First, historical cost valuation reduces the distortive timing effects of wealth taxation compared to fair value accounting. Second, broadening the wealth tax base tends to accelerate investment during high interest rate periods and delay investment during low interest rate periods. Our results predict that wealth taxes with a broad tax base are likely to discourage risky investment in times of near-zero interest rates. These distortive wealth tax base effects, however, can be avoided by granting sufficiently high depreciation deductions for wealth tax purposes. Third, the investment timing effects of wealth tax rate variations are very sensitive to the riskiness of the underlying investment. Moreover, investment timing effects crucially depend upon the depreciation rate for wealth tax purposes. A tax legislator who aims to encourage risk taking should introduce generous depreciation deductions. Our study indicates that if a wealth tax is considered to be politically inevitable, possible harmful investment effects can be mitigated by choosing appropriate valuation methods and parameters. author: - first_name: Rainer full_name: Niemann, Rainer last_name: Niemann - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane orcid: ' 0000-0002-8183-5901' citation: ama: Niemann R, Sureth-Sloane C. Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility. Journal of Business Economics. 2019;89(4):385-415. doi:10.1007/s11573-018-0918-4 apa: Niemann, R., & Sureth-Sloane, C. (2019). Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility. Journal of Business Economics, 89(4), 385–415. https://doi.org/10.1007/s11573-018-0918-4 bibtex: '@article{Niemann_Sureth-Sloane_2019, title={Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility}, volume={89}, DOI={10.1007/s11573-018-0918-4}, number={4}, journal={Journal of Business Economics}, publisher={Springer Nature America, Inc}, author={Niemann, Rainer and Sureth-Sloane, Caren}, year={2019}, pages={385–415} }' chicago: 'Niemann, Rainer, and Caren Sureth-Sloane. “Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility.” Journal of Business Economics 89, no. 4 (2019): 385–415. https://doi.org/10.1007/s11573-018-0918-4.' ieee: 'R. Niemann and C. Sureth-Sloane, “Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility,” Journal of Business Economics, vol. 89, no. 4, pp. 385–415, 2019, doi: 10.1007/s11573-018-0918-4.' mla: Niemann, Rainer, and Caren Sureth-Sloane. “Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility.” Journal of Business Economics, vol. 89, no. 4, Springer Nature America, Inc, 2019, pp. 385–415, doi:10.1007/s11573-018-0918-4. short: R. Niemann, C. Sureth-Sloane, Journal of Business Economics 89 (2019) 385–415. date_created: 2018-10-29T12:17:58Z date_updated: 2024-01-30T12:42:59Z department: - _id: '187' - _id: '635' doi: 10.1007/s11573-018-0918-4 intvolume: ' 89' issue: '4' language: - iso: eng main_file_link: - open_access: '1' url: https://link.springer.com/article/10.1007/s11573-018-0918-4 oa: '1' page: 385-415 publication: Journal of Business Economics publication_identifier: issn: - 0044-2372 - 1861-8928 publication_status: published publisher: Springer Nature America, Inc quality_controlled: '1' status: public title: Investment Timing Effects of Wealth Taxes under Uncertainty and Irreversibility type: journal_article user_id: '74000' volume: 89 year: '2019' ... --- _id: '17715' abstract: - lang: ger text: Der Beitrag stellt die teilweise überschießende Wirkung des Referentenentwurfs des Bundesministeriums der Finanzen zur Grunderwerbsteuer mit Blick auf börsennotierte Kapitalgesellschaften dar und schlägt eine Erweiterung des Referentenentwurfs vor, wobei börsennotierte Kapitalgesellschaften vom Anwendungsbereich der neuen Vorschrift ausgenommen werden sollen. alternative_title: - (Caren Sureth-Sloane ist Mitglied im Arbeitskreis Verrechnungspreise) author: - first_name: . full_name: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, . last_name: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane orcid: ' 0000-0002-8183-5901' citation: ama: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft ., Sureth-Sloane C. Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften. Betriebs-Berater. 2019;74(25):1438-1442. apa: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., & Sureth-Sloane, C. (2019). Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften. Betriebs-Berater, 74(25), 1438–1442. bibtex: '@article{Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft_Sureth-Sloane_2019, title={Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften}, volume={74}, number={25}, journal={Betriebs-Berater}, publisher={Deutscher Fachverlag GmbH }, author={Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, . and Sureth-Sloane, Caren}, year={2019}, pages={1438–1442} }' chicago: 'Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften.” Betriebs-Berater 74, no. 25 (2019): 1438–42.' ieee: . Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft and C. Sureth-Sloane, “Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften,” Betriebs-Berater, vol. 74, no. 25, pp. 1438–1442, 2019. mla: Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften.” Betriebs-Berater, vol. 74, no. 25, Deutscher Fachverlag GmbH , 2019, pp. 1438–42. short: . Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, C. Sureth-Sloane, Betriebs-Berater 74 (2019) 1438–1442. date_created: 2020-08-07T11:55:21Z date_updated: 2024-04-08T11:09:21Z department: - _id: '187' - _id: '635' intvolume: ' 74' issue: '25' language: - iso: ger page: 1438-1442 publication: Betriebs-Berater publisher: 'Deutscher Fachverlag GmbH ' status: public title: Ein Lösungsvorschlag zur Vermeidung der überschießenden Wirkung der Grunderwerbsteuerreform bei börsennotierten Kapitalgesellschaften type: journal_article user_id: '530' volume: 74 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. Tax Avoidance - Are Banks Any Different?; 2019. apa: Müller, J., & Gawehn, V. (2019). Tax Avoidance - Are Banks Any Different? 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. Tax Avoidance - Are Banks Any Different?, 2019. ieee: J. Müller and V. Gawehn, Tax Avoidance - Are Banks Any Different? 2019. mla: Müller, Jens, and Vanessa Gawehn. Tax Avoidance - Are Banks Any Different? 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: '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. Business Research. 2019;12(1):209-239. doi:10.1007/s40685-019-0093-7 apa: Kourouxous, T., & Bauer, T. (2019). Violations of Dominance in Decision-Making. Business Research, 12(1), 209–239. https://doi.org/10.1007/s40685-019-0093-7 bibtex: '@article{Kourouxous_Bauer_2019, title={Violations of Dominance in Decision-Making}, volume={12}, DOI={10.1007/s40685-019-0093-7}, 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.” Business Research 12, no. 1 (2019): 209–39. https://doi.org/10.1007/s40685-019-0093-7.' ieee: 'T. Kourouxous and T. Bauer, “Violations of Dominance in Decision-Making,” Business Research, vol. 12, no. 1, pp. 209–239, 2019, doi: 10.1007/s40685-019-0093-7.' mla: Kourouxous, Thomas, and Thomas Bauer. “Violations of Dominance in Decision-Making.” Business Research, vol. 12, no. 1, 2019, pp. 209–39, doi:10.1007/s40685-019-0093-7. 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: '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. Intertax. 2018;46(8/9):654-675. apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2018). What are the Drivers of Tax Complexity for MNCs? Global Evidence. Intertax, 46(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.” Intertax 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,” Intertax, 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.” Intertax, 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: '17518' author: - first_name: Thomas full_name: Hoppe, Thomas id: '22671' last_name: Hoppe - first_name: Susann full_name: Sturm, Susann last_name: Sturm - first_name: Caren full_name: Sureth-Sloane, Caren last_name: Sureth-Sloane citation: ama: Hoppe T, Sturm S, Sureth-Sloane C. What are the Drivers of Tax Complexity for MNCs? Global Evidence. Intertax. 2018. doi:10.2139/ssrn.3469663 apa: Hoppe, T., Sturm, S., & Sureth-Sloane, C. (2018). What are the Drivers of Tax Complexity for MNCs? Global Evidence. Intertax. https://doi.org/10.2139/ssrn.3469663 bibtex: '@article{Hoppe_Sturm_Sureth-Sloane_2018, title={What are the Drivers of Tax Complexity for MNCs? Global Evidence}, DOI={10.2139/ssrn.3469663}, journal={Intertax}, author={Hoppe, Thomas and Sturm, Susann and Sureth-Sloane, Caren}, year={2018} }' chicago: Hoppe, Thomas, Susann Sturm, and Caren Sureth-Sloane. “What Are the Drivers of Tax Complexity for MNCs? Global Evidence.” Intertax, 2018. https://doi.org/10.2139/ssrn.3469663. ieee: T. Hoppe, S. Sturm, and C. Sureth-Sloane, “What are the Drivers of Tax Complexity for MNCs? Global Evidence,” Intertax, 2018. mla: Hoppe, Thomas, et al. “What Are the Drivers of Tax Complexity for MNCs? Global Evidence.” Intertax, 2018, doi:10.2139/ssrn.3469663. short: T. Hoppe, S. Sturm, C. Sureth-Sloane, Intertax (2018). date_created: 2020-07-31T11:26:49Z date_updated: 2022-01-06T06:53:14Z department: - _id: '635' doi: 10.2139/ssrn.3469663 language: - iso: eng publication: Intertax status: public title: What are the Drivers of Tax Complexity for MNCs? Global Evidence type: journal_article user_id: '61801' year: '2018' ... --- _id: '17718' author: - first_name: Birgitta full_name: Wolff, Birgitta last_name: Wolff - first_name: Caren full_name: Sureth-Sloane, Caren id: '530' last_name: Sureth-Sloane - first_name: Barbara full_name: Weissenberger, Barbara last_name: Weissenberger citation: ama: Wolff B, Sureth-Sloane C, Weissenberger B. BWL greift gesellschaftlichen Wandel auf. Frankfurter Allgemeine Zeitung. 2018. apa: Wolff, B., Sureth-Sloane, C., & Weissenberger, B. (2018). BWL greift gesellschaftlichen Wandel auf. Frankfurter Allgemeine Zeitung. bibtex: '@article{Wolff_Sureth-Sloane_Weissenberger_2018, title={BWL greift gesellschaftlichen Wandel auf}, number={293}, journal={Frankfurter Allgemeine Zeitung}, author={Wolff, Birgitta and Sureth-Sloane, Caren and Weissenberger, Barbara}, year={2018} }' chicago: Wolff, Birgitta, Caren Sureth-Sloane, and Barbara Weissenberger. “BWL Greift Gesellschaftlichen Wandel Auf.” Frankfurter Allgemeine Zeitung, 2018. ieee: B. Wolff, C. Sureth-Sloane, and B. Weissenberger, “BWL greift gesellschaftlichen Wandel auf,” Frankfurter Allgemeine Zeitung, no. 293, 2018. mla: Wolff, Birgitta, et al. “BWL Greift Gesellschaftlichen Wandel Auf.” Frankfurter Allgemeine Zeitung, no. 293, 2018. short: B. Wolff, C. Sureth-Sloane, B. Weissenberger, Frankfurter Allgemeine Zeitung (2018). date_created: 2020-08-07T11:54:52Z date_updated: 2022-01-06T06:53:17Z department: - _id: '635' issue: '293' language: - iso: eng main_file_link: - url: https://www.faz.net/aktuell/wirtschaft/wie-bwl-zu-einer-gesellschaftswissenschaft-wurde-15944677.html page: '16' publication: Frankfurter Allgemeine Zeitung publication_date: 2018-12-17 status: public title: BWL greift gesellschaftlichen Wandel auf type: newspaper_article user_id: '61801' year: '2018' ...