The Paradise Papers reveal how debt and other financial mechanisms are used to move funds offshore and avoid tax. New constraints on firms and managers are needed Back in the 1980s, concern about lagging competitiveness in publicly listed firms led to the popularity of agency theory explanations for underperformance. Authors like Michael Jensen told a very simple, yet seductive story … Continue reading →
10 November 2017 by Adam Leaver
Categories: SPERI Comment
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Tags: Adam Leaver, debt, Offshore, Paradise Papers, social settlement, tax
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1 comment
Disgorging the social settlement: What the Paradise Papers tell us about firms
The Paradise Papers reveal how debt and other financial mechanisms are used to move funds offshore and avoid tax. New constraints on firms and managers are needed Back in the 1980s, concern about lagging competitiveness in publicly listed firms led to the popularity of agency theory explanations for underperformance. Authors like Michael Jensen told a very simple, yet seductive story … Continue reading →
10 November 2017 by Adam Leaver
Categories: SPERI Comment | Tags: Adam Leaver, debt, Offshore, Paradise Papers, social settlement, tax | 1 comment