Author Archives: Ole-Kristian Hope

Offshore Activities and Corporate Tax Avoidance

By | December 14, 2021

Taxation of multinational companies (MNCs) has received increasing attention from politicians, the media, regulators, and academics. While the popular press provides considerable anecdotal evidence that large MNCs pay lower taxes than their domestic counterparts, academic research provides mixed evidence on how multinationality affects taxation. Although foreign operations provide additional cross-border tax avoidance opportunities, such as… Read More »

Does Stock Liquidity Shape Voluntary Disclosure? Evidence from the SEC Tick Size Pilot Program

By | November 4, 2021

The relation between corporate voluntary disclosure and stock liquidity plays an important role in our understanding of managers’ information supply incentives and market quality. Studies on the relation between voluntary disclosure and liquidity primarily explore how voluntary disclosure affects liquidity. This line of the literature suggests that voluntary disclosure is useful in shaping liquidity in that it alleviates information… Read More »

Peer-Level Analyst Transitions

By | September 3, 2021

Relying on peer-effects theory in the labor economics and management literature, we examine whether peer effects exist among regular (non-star) sell-side financial analysts, who represent the majority of employees in the sell-side industry (Mas and Moretti 2009; Chan, Li, and Pierce 2014). Research in organizational behavior and applied psychology research suggests that lateral relationships are linked… Read More »