Working Paper
The Effect of Carbon Pricing on Firm Emissions: Evidence from the Swedish CO2 Tax
Sweden was one of the first countries to introduce a carbon tax in 1991. We assemble a unique dataset tracking CO2 emissions from Swedish manufacturing...
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Dividends and Politics
Influential contributors to debates concerning corporate governance assert that it is impossible to understand key trends without taking politics...
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Taxes, Ownership and Capital Structure
This paper studies the ownership connection between two units that share a common controlling entity. Our results generate diverse organizations,...
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Putting Technology to Good Use for Society: the Role of Corporate, Competition and Tax Law
Innovation and its main output, technology, are changing the way we work, socialise, vote, and live. New technologies have improved our lives and made...
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Dividends and Taxes: The Moderating Role of Agency Conflicts
We find that potential conflicts between majority and minority shareholders strongly influence how dividends respond to taxes. When the controlling...
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Why Are Corporate Payouts So High in the 2000s?
The average annual inflation-adjusted amount paid out through dividends and repurchases by public industrial firms is more than three times larger...
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Containing Systemic Risk by Taxing Banks Properly
At the root of recurring bank crises are deeply-implanted incentives for banks and their executives to take systemically excessive risk. Since the...
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Illiquid Owners and Firm Behavior: Financial and Real Effects of the Personal Wealth Tax on Private Firms
We examine how negative liquidity shocks to households propagate to the firms they own. Our main tool for identification is a tax-driven shock to the...
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Taxes, Earnings Payout, and Payout Channel Choice
We study the tax regulations in relation to dividends and capital gains over the last two decades for the UK in order to determine whether changes in tax...
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