Taxes and organizational forms: Empirical analysis of merger and acquisition activities and the Corporate Group Taxation
| Project/Area Number |
25885050
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Public economy
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| Research Institution | Osaka University |
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Principal Investigator |
ONJI Kazuki 大阪大学, 経済学研究科(研究院), 准教授 (80709858)
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| Research Collaborator |
GORDON Roger University of California at San Diego, Professor
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| Project Period (FY) |
2013-08-30 – 2015-03-31
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| Project Status |
Completed (Fiscal Year 2014)
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| Budget Amount *help |
¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2014: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Keywords | 税制 / 企業結合 / 実証分析 / 合併買収 / 法人税 / M&A / グループ企業 |
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| Outline of Final Research Achievements |
We theoretically examined legal and tax factors that can affect incentives to engage in corporate takeover activities, paying attention to institutional changes in Japan since 1990s. Those factors include tax saving from combining two streams of variable income, deferral of capital gains tax and lock-in effects of investors, among others. We constructed a dataset consisting pairs of companies publicly listed in Japan, and found that the presence of loss carried over appear to play a significant role.
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Report
(3 results)
Research Products
(3 results)
