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Show Results For
- All HBS Web
(44)
- News (18)
- Research (27)
- Multimedia (1)
- Faculty Publications (8)
- March 2006
- Module Note
Financing Decisions within the Firm
By: Mihir A. Desai and Kathleen Luchs
Describes a core module in the International Finance course at Harvard Business School. The module focuses on the financial and managerial issues that confront managers who make financial decisions within multinational firms: how subsidiaries should be financed and... View Details
Keywords: Decisions; International Finance; Taxation; Business Subsidiaries; Multinational Firms and Management; Framework; Performance Evaluation; Management Analysis, Tools, and Techniques
Desai, Mihir A., and Kathleen Luchs. "Financing Decisions within the Firm." Harvard Business School Module Note 206-124, March 2006.
- 26 Jul 2011
- First Look
First Look: July 26
investors than they absorb in new investment funds. From 1982-2010, repatriated earnings from foreign affiliates exceeded net capital investments by $1.1 trillion in 2010 dollars; and from 1950-2010, View Details
Keywords: Sean Silverthorne
- 14 Dec 2010
- Op-Ed
Tax US Companies to Spur Spending
"repatriation taxes" that occur under the US system of worldwide taxation. Simply put, multinational firms currently have an incentive to keep money abroad. A temporary holiday of the repatriation tax coupled with the tax on... View Details
Keywords: by Mihir A. Desai
- 21 Nov 2006
- First Look
First Look: November 21, 2006
multinational firms hold cash in their foreign subsidiaries because of the tax costs associated with repatriating foreign income. Consistent with this hypothesis, firms that face higher repatriation tax... View Details
Keywords: Sean Silverthorne
- 01 Mar 2011
- News
Tax and Grow
currently have an incentive to keep money abroad. A temporary holiday of the repatriation tax coupled with the tax on excess cash holdings would help ensure that the disgorged cash would be used productively in the United States. Coupling... View Details
- 12 Dec 2006
- First Look
First Look: December 12, 2006
foreign subsidiaries because of the tax costs associated with repatriating foreign income. Consistent with this hypothesis, firms that face higher repatriation tax burdens hold higher levels of cash, hold... View Details
Keywords: Martha Lagace
- 01 Dec 2011
- News
A Modest Tax Proposal
increase jobs. Most of the repatriated profits went to corporate shareholders, through dividends or stock repurchases. Instead of a one-off tax holiday, some corporations—Caterpillar and Kimberly-Clark, for example—have called for a... View Details
- 10 May 2004
- Research & Ideas
Rethink the Value of Joint Ventures
operations. While joint ventures were always fragile entities, they appear to be both more fragile and less rewarding. This puts enormous pressure on the infrastructure of global multinationals to support these myriad transactions. How do you design capital budgeting... View Details
Keywords: by Cynthia Churchwell
- 25 May 2010
- First Look
First Look: May 25
Foley, and Kristin J. Forbes Publication:Journal of Finance (forthcoming) Abstract This paper analyzes the impact of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings and... View Details
Keywords: Martha Lagace
- 20 Sep 2011
- News
A Taxing Question
proposal: “To reform the current system,” Pozen wrote in Bloomberg Businessweek, “Congress should exempt from US taxes corporate income earned in foreign countries with an effective corporate tax rate of 20 percent or higher. Such earnings could be View Details
- 26 Jun 2012
- First Look
First Look: June 26
trade credit positions that are 1.4% higher as a fraction of sales. The use of trade credit to get capital out of low-tax, low-return environments is also illustrated by reactions of U.S. firms to the temporary repatriation tax holiday in... View Details
Keywords: Sean Silverthorne
- 01 Dec 2007
- News
Baker Bell Dedication Rings in HBS Centennial
it remained for the next 77 years. As the decades passed, few remembered its origin or appreciated its link to Russian history. But the Russian Ortho-dox church never forgot. With the church’s official restoration in the 1980s, talk soon turned to View Details
- 01 Sep 2011
- News
Charged Up
Shanghai Automotive Industry Corporation (SAIC) to manufacture battery systems for the Chinese market presents its own questions, Vietor notes. For one, the joint venture is considered a foreign subsidiary, so A123 can only report its View Details
- 01 Nov 2011
- First Look
First Look: Nov. 1
repatriated earnings from foreign affiliates exceeded net capital investments by $1.1 trillion in 2010 dollars; and from 1950 to 2010, repatriated earnings and net interest from foreign affiliates exceeded... View Details
Keywords: Sean Silverthorne
- 30 Jun 2009
- First Look
First Look: June 30
provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using instruments that identify the firms likely to receive the largest... View Details
Keywords: Martha Lagace
- 31 Jan 2017
- Research & Ideas
The Dow at 20,000: What's That All About?
particular, which means that profits are going to be higher. As a result, stockholders will get a bigger share of the pie. That raises stock prices all over the place. A related effect is the issue of repatriating profits from abroad –... View Details
Keywords: by Jim Aisner
- 09 Feb 2016
- First Look
February 9, 2016
local tax rates are associated with net trade credit positions that are 1.4% higher as a fraction of sales. The use of trade credit to get capital out of low-tax, low-return environments is also illustrated by reactions of U.S. firms to the temporary View Details
Keywords: Sean Silverthorne
- 02 Sep 2013
- Research & Ideas
The Curse of Double-Digit Growth
Leone, which was also founded by repatriated North American freed slaves. Both countries have a small population and have suffered overlapping conflicts. "They're siblings as far as nations go, and their paths to recovery are likely... View Details
Keywords: by Kim Girard
- 24 Oct 2017
- Research & Ideas
Tax Reform is on the Front Burner Again. Here’s Why You Should Care
territorial tax system and a one-time mandatory repatriation tax. Repeal of the estate tax, elimination of personal exemptions and most itemized deductions, and repeal the alternative minimum tax. (Editor's note: The tax reform proposal... View Details
Keywords: by Sean Silverthorne
- 25 Aug 2022
- News
September 2022 Alumni and Faculty Books
Tribune. Browne reported on Henrietta’s story and used his legal training to bring about her repatriation to her father in England through a sensational legal case. Forever Sheriff (The High Mountain Sheriff Series) By Edward Massey (MBA... View Details