• International Debt Shifting: The Value Maximizing Mix of Internal and External Debt 

      Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; Bakke, Julia Tropina (Discussion paper;1/19, Working paper, 2019-03-29)
      We study the capital structure of multinationals and expand previous theory by incorporating international debt tax shield effects from both internal and external capital markets. We show that: (i) multinationals' firm ...
    • Profit shifting and the effect of stricter transfer pricing regulation on tax revenue 

      Bakke, Julia Tropina; Hopland, Arnt Ove; Møen, Jarle (Discussion paper;11/19, Working paper, 2019-10-03)
      Using a 20-year-long, population-wide panel with detailed firm and group level data from Norway, we study the profitability change in companies that shift from being domestic to being multinational as well as companies ...