Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Investments: Stocks

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Labor Demand x
Clear All Modify Search
Cover IMF Staff Country Reports
The Kingdom of the Netherlands—Netherlands: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues papers provide details of the sources and uses of the non-financial corporation saving and highlights the role of multinational corporations (MNCs). The paper also discusses the implications to the external sector assessment and policy recommendations. The large Dutch international investment position reflects its status as an international corporate center. The study shows that large trade surpluses and small primary income balances are consistent with the dominance of MNCs in the Netherlands’ external positions. Separating MNCs’ activities from the Dutch current account for the external sector assessment is expected to help identify underlying policy distortions. Separating MNCs’ activities would help identify imbalances of other economic sectors. The small and medium enterprises are stagnant and remain financially constrained. Small household net saving hides the fact that households are still highly leveraged, and their consumption constrained by a stagnating disposable income. Therefore, improving statistics and separating MNCs’ activities from both internal and external accounts would help identify domestic policy distortions and address imbalances effectively.
Keywords:
ISCR; CR; Netherlands; saving; firm; GDP; pension scheme; gross saving; investment-saving ratio; NFCS' saving-investment balance; dividend payout; pillar pension schemes; government net; Self-employment; Pension spending; Pensions; Pension reform; Income; Global; Europe
Cover IMF Working Papers
Bailout and Conglomeration
Mr. Se-Jik Kim
The paper suggests that when firms differ stochastically in their productivity, a bank may find it optimal not to bail out the failed nonconglomerate firms at all, but to bail out conglomerates fully. Expectation of such bailout policy may encourage risk-averse firms to join a conglomerate to minimize the risk of liquidation. Furthermore, in case of private information, bad firms follow good firms’ decision on conglomeration to hide their type. Finally, the paper discusses the impact of conglomeration on the debt-equity ratio and the expansion of existing conglomerates through mergers and acquisitions.
Keywords:
WP; total output; debt-equity ratio
Cover IMF Working Papers
Do Tax Rates Encourage Entrepreneurial Activity?
Mr. Roger H. Gordon
When the top personal tax rates are above the corporate rate, high-income individuals have an incentive to reclassify their earnings as corporate rather than personal income for tax purposes. U.S. tax law at least imposes strict limits on the extent to which employees in publicly traded corporations can engage in such income shifting. However, entrepreneurs setting up new firms can easily reclassify their income for tax purposes. This tax incentive therefore favors entrepreneurial activity. The paper discusses how best to subsidize entrepreneurial activity while avoiding other economic distortions.
Keywords:
WP; venture capitalist; mover accent; expected return; start-up expense; copycat firm; corporate tax tax rate; firm offer equity; entrepreneurial activity; compensation offer; Corporate income tax; Personal income; Stocks; Self-employment; Tax incentives