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on Accounting and Auditing |
| By: | Sardana, Kavita; Bowker, J. Michael; Bergstrom, John C.; Starbuck, C. Megan; English, Donald B.K. |
| Abstract: | Spatial differences in site characteristics and user populations may result in heterogeneity of recreation preferences and values across geographic regions. Non-linear mixed effects models provide a potential means of accounting for this heterogeneity. This approach was tested by estimating a national-level recreation demand model with encouraging results. |
| Keywords: | Resource /Energy Economics and Policy, |
| Date: | 2008 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea08:6437&r=acc |
| By: | Benno Torgler; Friedrich Schneider; Christoph A. Schaltegger |
| Abstract: | Policymakers often propose strict enforcement strategies to fight the shadow economy and to increase tax morale. However, there is also a bottom-up approach such as, for example, decentralizing the political power to those who are close to the problems. Thus, this paper analyses the relationship between local autonomy and tax morale or the size of the shadow economy. We use data on tax morale at the individual level and macro data of the size of the shadow economy to systematically analyse the relevance of local autonomy and compliance in Switzerland, a country where the degree of federalism varies across different cantons. The findings suggest that there is a positive (negative) relationship between local autonomy and tax morale (size of the shadow economy). |
| Keywords: | Tax Morale; Shadow Economy; Tax Compliance; Tax Evasion; Local Autonomy; Federalism; Institution |
| JEL: | H26 H73 D70 |
| Date: | 2008–10 |
| URL: | http://d.repec.org/n?u=RePEc:cra:wpaper:2008-24&r=acc |
| By: | dobrota, gabriela; chirculescu, felicia maria |
| Abstract: | It's interesting how an economic operator decides to depreciate its depreciable fixed assets, because depreciation is an expense input from the taxable profit in accordance with the laws in force, thus contributing to diminishing the operating profit/loss and implicitly the gross and net earnings, without real impact on profitability and especially without any impact on the self-funding capacity. But the impact given by the depreciation expenses may be influenced by the organization policy in the field of depreciation and by the fiscal laws. |
| Keywords: | depreciable fixed assets; profit; loss; fiscal law |
| JEL: | L25 E26 P16 |
| Date: | 2008–01–08 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:11439&r=acc |
| By: | Joshua D. Rauh; Amir Sufi |
| Abstract: | Using a novel data set that records individual debt issues on the balance sheet of a large random sample of rated public firms, we show that a recognition of debt heterogeneity leads to new insights into the determinants of corporate capital structure. We first demonstrate that traditional capital structure studies that ignore debt heterogeneity miss a substantial fraction of capital structure variation. We then show that relative to high credit quality firms, low credit quality firms are more likely to have a multi-tiered capital structure consisting of both secured bank debt with tight covenants and subordinated non-bank debt with loose covenants. Further, while high credit quality firms enjoy access to a variety of sources of discretionary flexible sources of finance, low credit quality firms rely on tightly monitored secured bank debt for liquidity. We discuss the extent to which these findings are consistent with existing theoretical models of debt structure in which firms simultaneously use multiple debt types to preserve manager and creditor incentives. |
| JEL: | G21 G30 G32 M41 |
| Date: | 2008–11 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:14488&r=acc |