Tag Archives for Paradise Papers

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
Categories: SPERI Comment | Tags: , , , , , | 1 comment