Partial cross-ownership and strategic environmental policy

被引：29

作者：

Carlos Barcena-Ruiz, Juan ^{[1
]}

Luz Campo, Maria ^{[1
]}

机构：

[1] Univ Basque Country, Fac Ciencias Econ & Empresariales, Dept Fundamentos Anal Econ 1, Bilbao 48015, Spain

来源：

RESOURCE AND ENERGY ECONOMICS | 2012年 / 34卷 / 02期

关键词：

Environmental taxes; International trade; Global pollution; Partial ownership; TAX COMPETITION; TAXATION; OLIGOPOLY; LOCATION;

D O I：

10.1016/j.reseneeco.2011.12.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyzes the effect of passive investment in rival firms on the setting of cooperative and non-cooperative environmental taxes. We consider two firms located in different countries, with each firm owning the same percentage of the stock of its rival. We show that bilateral partial cross-ownership affects the taxes set by the countries in the cooperative and non-cooperative cases. When the stake that one firm has in its rival is great enough and environmental spillovers are low enough, cooperative taxes are lower than non-cooperative taxes. For the remaining values of parameters the opposite result is obtained. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：198 / 210

页数：13

共 50 条

[21] Cross-ownership, returns, and voting in mergers
Matvos, Gregor
Ostrovsky, Michael
[J]. JOURNAL OF FINANCIAL ECONOMICS, 2008, 89 (03) : 391 - 403
[22] Advantageous symmetric cross-ownership and mergers
Papadopoulos, Konstantinos G.
[J]. ECONOMICS LETTERS, 2022, 220
[23] Cross-ownership and corporate social responsibility
Barcena-Ruiz, Juan Carlos
Sagasta, Amagoia
[J]. MANCHESTER SCHOOL, 2021, 89 (04): : 367 - 384
[24] Institutional cross-ownership and firm social performance
Fu, Yishu
Liu, Chunbo
Qin, Zhenjiang
Zhao, Dongwei
[J]. CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2022, 30 (06) : 738 - 764
[25] MEDIA CROSS-OWNERSHIP - FCCS INADEQUATE RESPONSE
LEUCHTER, LI
[J]. TEXAS LAW REVIEW, 1976, 54 (02) : 336 - 371
[26] Taxes versus standards under cross-ownership
Carlos Barcena-Ruiz, Juan
Luz Campo, Maria
[J]. RESOURCE AND ENERGY ECONOMICS, 2017, 50 : 36 - 50
[27] Cross-ownership and tunnelling: evidence from China
Tang, Xudong
Chang, Haixia
Li, Wanli
[J]. APPLIED ECONOMICS, 2023, 55 (02) : 223 - 236
[28] Cross-ownership and excess capacity in a differentiated duopoly
Chen, Junlong
Zhang, Zhiruo
Liu, Jiali
[J]. APPLIED ECONOMICS LETTERS, 2022, 29 (21) : 1980 - 1990
[29] Social welfare and cross-ownership in a vertical industry: When the mode of competition matters for antitrust policy
Fanti, Luciano
[J]. JAPAN AND THE WORLD ECONOMY, 2016, 37-38 : 8 - 16
[30] Cross-ownership rules to take a positive turn
Northrup, Kerry
[J]. Newspaper Techniques, 2002, (DEC.):

← 1 2 3 4 5 →