{"id":"https://openalex.org/W2995330266","doi":"https://doi.org/10.1111/jbfa.12429","title":"Profit shifting and tax\u2010rate uncertainty","display_name":"Profit shifting and tax\u2010rate uncertainty","publication_year":2019,"publication_date":"2019-12-21","ids":{"openalex":"https://openalex.org/W2995330266","doi":"https://doi.org/10.1111/jbfa.12429","mag":"2995330266"},"language":"en","primary_location":{"id":"doi:10.1111/jbfa.12429","doi":"https://doi.org/10.1111/jbfa.12429","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jbfa.12429","pdf_url":null,"source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance & Accounting","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2862452","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5090020750","display_name":"Manthos D. Delis","orcid":"https://orcid.org/0000-0001-7987-2706","observed_orcids":["https://orcid.org/0000-0001-7987-2706"]},"institutions":[{"id":"https://openalex.org/I4210131537","display_name":"MBS School of Business","ror":"https://ror.org/037tw3m02","country_code":"FR","type":"education","lineage":["https://openalex.org/I4210131537"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Manthos D. Delis","raw_affiliation_strings":["Montpellier Business School, Montpellier, Occitanie, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Montpellier Business School, Montpellier, Occitanie, France","institution_ids":["https://openalex.org/I4210131537"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5029439630","display_name":"Iftekhar Hasan","orcid":"https://orcid.org/0000-0003-2469-0539","observed_orcids":["https://orcid.org/0000-0003-2469-0539"]},"institutions":[{"id":"https://openalex.org/I164389053","display_name":"Fordham University","ror":"https://ror.org/03qnxaf80","country_code":"US","type":"education","lineage":["https://openalex.org/I164389053"]},{"id":"https://openalex.org/I181188550","display_name":"Bank of Finland","ror":"https://ror.org/04j3r8z61","country_code":"FI","type":"education","lineage":["https://openalex.org/I181188550"]}],"countries":["FI","US"],"is_corresponding":true,"raw_author_name":"Iftekhar Hasan","raw_affiliation_strings":["Bank of Finland, FI-00101 Helsinki, Finland","Gabelli School of Business, Fordham University, New York, NY, 10023 USA"],"raw_orcid":"https://orcid.org/0000-0003-2469-0539","affiliations":[{"raw_affiliation_string":"Bank of Finland, FI-00101 Helsinki, Finland","institution_ids":["https://openalex.org/I181188550"]},{"raw_affiliation_string":"Gabelli School of Business, Fordham University, New York, NY, 10023 USA","institution_ids":["https://openalex.org/I164389053"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5060394586","display_name":"Panagiotis I. Karavitis","orcid":"https://orcid.org/0000-0002-6062-1197","observed_orcids":["https://orcid.org/0000-0002-6062-1197"]},"institutions":[{"id":"https://openalex.org/I7882870","display_name":"University of Glasgow","ror":"https://ror.org/00vtgdb53","country_code":"GB","type":"education","lineage":["https://openalex.org/I7882870"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Panagiotis I. Karavitis","raw_affiliation_strings":["Adam Smith Business School, University of Glasgow, Glasgow, UK"],"raw_orcid":"https://orcid.org/0000-0002-6062-1197","affiliations":[{"raw_affiliation_string":"Adam Smith Business School, University of Glasgow, Glasgow, UK","institution_ids":["https://openalex.org/I7882870"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5029439630"],"corresponding_institution_ids":["https://openalex.org/I164389053","https://openalex.org/I181188550"],"apc_list":{"value":2900,"currency":"USD","value_usd":2900},"apc_paid":null,"fwci":3.8205,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.93457817,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"47","issue":"5-6","first_page":"645","last_page":"676"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14030","display_name":"Taxation and Legal Issues","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/profit-shifting","display_name":"profit shifting","score":0.9620000123977661},{"id":"https://openalex.org/keywords/transfer-pricing","display_name":"transfer pricing","score":0.8199999928474426},{"id":"https://openalex.org/keywords/corporate-tax-rates","display_name":"corporate tax rates","score":0.6029999852180481},{"id":"https://openalex.org/keywords/foreign-subsidiaries","display_name":"foreign subsidiaries","score":0.6520000100135803},{"id":"https://openalex.org/keywords/parent-company","display_name":"parent company","score":0.5550000071525574},{"id":"https://openalex.org/keywords/adjustment-costs","display_name":"adjustment costs","score":0.6240000128746033},{"id":"https://openalex.org/keywords/international-taxation","display_name":"international taxation","score":0.45899999141693115}],"concepts":[{"id":"https://openalex.org/C2777203310","wikidata":"https://www.wikidata.org/wiki/Q646278","display_name":"Transfer pricing","level":3,"score":0.8031294345855713},{"id":"https://openalex.org/C126071100","wikidata":"https://www.wikidata.org/wiki/Q658255","display_name":"Subsidiary","level":3,"score":0.7536944150924683},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6109094023704529},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.604195237159729},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5899701714515686},{"id":"https://openalex.org/C2779836051","wikidata":"https://www.wikidata.org/wiki/Q645011","display_name":"Corporate tax","level":4,"score":0.5726429224014282},{"id":"https://openalex.org/C2779755355","wikidata":"https://www.wikidata.org/wiki/Q1128317","display_name":"Tax rate","level":2,"score":0.5329099297523499},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5007989406585693},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.46772730350494385},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.44375672936439514},{"id":"https://openalex.org/C2992672087","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt financing","level":3,"score":0.4172717332839966},{"id":"https://openalex.org/C162077342","wikidata":"https://www.wikidata.org/wiki/Q1062630","display_name":"Tax credit","level":2,"score":0.3790683448314667},{"id":"https://openalex.org/C514942387","wikidata":"https://www.wikidata.org/wiki/Q329303","display_name":"Tax avoidance","level":3,"score":0.27761754393577576},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.2754647731781006},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.22107794880867004},{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.20852011442184448}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1111/jbfa.12429","doi":"https://doi.org/10.1111/jbfa.12429","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jbfa.12429","pdf_url":null,"source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance & Accounting","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2862452","doi":"https://doi.org/10.2139/ssrn.2862452","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2862452","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:eprints.gla.ac.uk:205591","doi":null,"is_oa":true,"landing_page_url":"https://eprints.gla.ac.uk/205591/7/205591.pdf","pdf_url":"https://eprints.gla.ac.uk/205591/7/205591.pdf","source":{"id":"https://openalex.org/S4210235606","display_name":"ENLIGHTEN (Jurnal Bimbingan dan Konseling Islam)","issn_l":"2622-8912","issn":["2622-8912","2622-8920"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/I4405259220","host_organization_name":"Institut Agama Islam Negeri Langsa","host_organization_lineage":["https://openalex.org/I4405259220"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"Articles"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2862452","doi":"https://doi.org/10.2139/ssrn.2862452","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2862452","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G74325359","display_name":"The real effects of bank capital regulation on international bank lending","funder_award_id":"DP170101413","funder_id":"https://openalex.org/F4320334704","funder_display_name":"Australian Research Council"}],"funders":[{"id":"https://openalex.org/F4320334704","display_name":"Australian Research Council","ror":"https://ror.org/05mmh0f86"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W1601027745","https://openalex.org/W1932716709","https://openalex.org/W1963963485","https://openalex.org/W1998516225","https://openalex.org/W2036696506","https://openalex.org/W2085933148","https://openalex.org/W2110531297","https://openalex.org/W2114758421","https://openalex.org/W2115927074","https://openalex.org/W2139996634","https://openalex.org/W2143616263","https://openalex.org/W2184491296","https://openalex.org/W2278061850","https://openalex.org/W2321883884","https://openalex.org/W2593199894","https://openalex.org/W2599802624","https://openalex.org/W2756068587","https://openalex.org/W2783889697","https://openalex.org/W2783905182","https://openalex.org/W2807875704","https://openalex.org/W2890660328","https://openalex.org/W3023980322","https://openalex.org/W3121650078","https://openalex.org/W3122286732","https://openalex.org/W3123361333","https://openalex.org/W3123859477","https://openalex.org/W3125050242","https://openalex.org/W3125365419","https://openalex.org/W3125375589","https://openalex.org/W3125410430","https://openalex.org/W3125577734"],"related_works":["https://openalex.org/W2805890137","https://openalex.org/W6892224928","https://openalex.org/W2143390400","https://openalex.org/W3198395332","https://openalex.org/W7098877991","https://openalex.org/W2619770891","https://openalex.org/W2275508721","https://openalex.org/W3124282443","https://openalex.org/W2101500750","https://openalex.org/W7100957002"],"abstract_inverted_index":{"Abstract":[0],"Using":[1],"firm\u2010level":[2],"data":[3],"for":[4,12],"1,084":[5],"parent":[6],"firms":[7,43],"in":[8,15,28,78],"24":[9],"countries":[10,29],"and":[11,49,67,69,93],"9,497":[13],"subsidiaries":[14,27],"54":[16],"countries,":[17],"we":[18],"show":[19],"that":[20,30,42,54],"tax\u2010motivated":[21],"profit":[22],"shifting":[23,53],"is":[24],"larger":[25],"among":[26],"have":[31],"stable":[32],"corporate":[33],"tax":[34],"rates":[35],"over":[36],"time.":[37],"Our":[38,59],"findings":[39],"further":[40],"suggest":[41],"move":[44],"away":[45,87],"from":[46,88],"transfer":[47,91],"pricing":[48,92],"toward":[50,94],"intragroup":[51],"debt":[52,95],"has":[55],"lower":[56],"adjustment":[57,86],"costs.":[58],"results":[60],"are":[61],"robust":[62],"to":[63,84],"several":[64],"identification":[65],"methods":[66],"respecifications,":[68],"they":[70],"highlight":[71],"the":[72,79],"important":[73],"role":[74],"of":[75],"tax\u2010rate":[76],"uncertainty":[77],"profit\u2010shifting":[80],"decision":[81],"while":[82],"pointing":[83],"an":[85],"more":[89],"costly":[90],"shifting.":[96]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2019-12-26T00:00:00"}