Refine
Year of publication
- 2014 (46) (show_all)
Document Type
- Part of Periodical (31)
- Book (7)
- Working Paper (5)
- Doctoral Thesis (2)
- Conference Proceeding (1)
Language
- English (46) (show_all)
Has Fulltext
- yes (46)
Is part of the Bibliography
- no (46)
Keywords
- Lehrstuhlbericht (26)
- Bibliothek (4)
- Library (4)
- Academic library (1)
- Accrual accounting (1)
- Assessment basis (1)
- Bemessungsgrundlage (1)
- Business sciences (1)
- Capital gain (1)
- Cooperation (1)
Institute
- WHU Library (8)
- WHU Financial Accounting & Tax Center (FAccT Center) (5)
- WHU Dean's Office (3)
- Center of Asset and Wealth Management (2)
- Chair of Production Management (2)
- Institute of Management Accounting and Control (2)
- Allianz Endowed Chair of Finance (1)
- Center of Market-Oriented Corporate Management (CMM) (1)
- Chair in Entrepreneurship and New Business Development (1)
- Chair of Behavioral Finance (1)
A growing body of literature investigates the interaction of changes in accounting standards with institutions such as investor protection laws and corporate governance mechanisms. We examine the unintended consequences of fair value accounting in determining mandated preferred dividends. We study the case of Russian energy conglomerate UES, which had a good corporate governance track record and a consistent dividend history. Following its adoption of fair value accounting, UES reported the highest quarterly profit in world corporate history, but it subsequently omitted dividends for all its shareholders. The case analysis suggests that the transitory nature of fair value adjustments and the interaction with the investment policy were important considerations in justifying the dividend omission. The reduction in preferred dividends was not offset by any capital gains, and led to a wealth transfer from preferred to ordinary shareholders. Thus, requiring the use of fair value accounting when determining the dividend distribution base can lead to unintended consequences, and increase agency costs for minority shareholders.
whether the moral evaluation of tax evasion is subject to a self-serving bias. We find that tax morale is egoistically biased: Subjects with the opportunity to evade taxes judge tax evasion as less unethical as opposed to those who cannot evade. The detection probability does not affect this result. Further, we do not find moral spillover effects, for example, on legal activities.
Research Report 2014
(2014)
IMC Report
(2014)
Guide to reference
(2014)
Google search secrets
(2014)
Experimental studies on risk preferences, investment risk disclosure, and motives for risk-taking
(2014)
This paper tests the effect of dividend taxation on employment. Since dividend taxation affects real investments, tax-induced changes in real investments should map into employment effects. Using a difference-in-difference approach around the Swedish 2006 dividend tax cut and unique corporate-level data with income tax information on every employee, we find robust evidence of dividend tax-induced employment effects. In response to the dividend cut, both employment and wage levels increase in cash-constrained firms relative to cash-rich closely held corporations.
This paper studies the cross-base tax elasticity of capital gains realizations to labor income taxes when capital gains are taxed at a separate proportional tax rate. Using a longitudinal panel of over 265,000 individuals in Sweden, this paper shows in a regression kink design that labor income taxes affect capital gains at the extensive and intensive margins. An increase in the marginal labor income tax rate increases the likelihood of realizing capital gains and the amount of realized capital gains. One implication of this result is that the excess burden of labor income taxation is affected by cross-base tax elasticities.
Annual report
(2014)
Activity Report
(2014)
Activity report
(2014)
Activity report
(2014)