Evasion arising from international operations by multinational enterprises and high net worth individuals

2016 ◽  
pp. 117-141
Keyword(s):  
Multinational Enterprises ◽  
Net Worth ◽  
International Operations

Strategic Recruitment Across Borders: An Investigation of Multinational Enterprises

2018 ◽  
Vol 45 (2) ◽  
pp. 476-509 ◽  
Author(s):  
George C. Banks ◽  
Haley M. Woznyj ◽  
Ryan S. Wesslen ◽  
Katherine A. Frear ◽  
Gregory Berka ◽  
...  
Keyword(s):  
Host Country ◽  
Multinational Enterprises ◽  
Culturally Diverse ◽  
Large Scale ◽  
Cultural Distance ◽  
Future Research ◽  
Highly Qualified ◽  
International Operations ◽  
Fortune 1000 ◽  
Recruitment Activities

As a result of globalization, large-scale modern-day businesses extend across borders as they engage in multinational enterprises. Such enterprises must conduct operations in disparate, culturally diverse contexts, which present challenges for implementing human resource management activities, such as whether to standardize or localize activities across borders. The current study focuses on recruitment activities, as they represent firms’ initial efforts to attract highly qualified talent. However, the extant recruitment literature has primarily been conducted in a single context or in Westernized societies; thus, it is unclear how organizations recruit across borders. Drawing on signaling theory, we explore how Fortune 1000 firms use recruiting signals in their domestic and international operations. In general, we find that firms standardize the recruiting signals across their domestic and international operations. Yet, the amount that each signal is emphasized differs in domestic and international operations and is contingent upon language. Furthermore, cultural distance between the home and host country largely does not explain the standardization of the recruiting signals. We summarize the findings and provide direction intended to guide future research.

Introduction

2020 ◽  
pp. xviii-7
Author(s):  
Kamel Mellahi ◽  
Klaus Meyer ◽  
Rajneesh Narula ◽  
Irina Surdu ◽  
Alain Verbeke
Keyword(s):  
International Business ◽  
Business Strategy ◽  
Multinational Enterprises ◽  
Strategic Behavior ◽  
Multinational Enterprise ◽  
Future Research ◽  
International Operations ◽  
Challenges And Opportunities ◽  
The Right ◽  
International Business Strategy

International business strategy is a field where theory continuously seeks to meet business practice. Increasingly, scholars of international business strategy are concerned with the uncertainties and complexities of international operations, especially when firms commit significant resources to foreign markets. Over time, multinational enterprises have evolved in order to manage the challenges in their environments. The contributions in this volume address key remaining challenges and opportunities for the modern multinational enterprise. These contributions include refinements of traditional ideas about the role of firm-specific and country-specific advantages as well as new knowledge around how the heterogeneity observed in international business strategic behavior stems from the size, origin, governance and other characteristics of the firm. Further, we invite the reader to explore new dimensions of international business strategy, in order to understand the strategic implications of digitalization or the increased social pressure placed on MNEs to “do the right thing” and manage international operations responsibly, in ever changing social, economic and institutional environments. Each chapter provides insightful future research directions and implications for management and policy. This collection is a complete Handbook of International Business Strategy that should serve as a knowledge repository for scholars and managers alike.

scholarly journals Welfare effects of state-owned multinational enterprises

2018 ◽  
Vol 31 (2) ◽  
pp. 207-220 ◽  
Author(s):  
Asmund Rygh
Keyword(s):  
Multinational Enterprises ◽  
Incomplete Contracts ◽  
Welfare Effects ◽  
State Ownership ◽  
Market Failures ◽  
Credible Commitments ◽  
Content Type ◽  
International Operations ◽  
Domestic Setting ◽  
Theoretical Issues

Purpose The purpose of this paper is to theoretically investigate the potential welfare effects of state-owned enterprises’ (SOEs) international operations. Design/methodology/approach The paper is conceptual, applying standard economics state ownership theory based on agency theory and incomplete contracts theory to different forms of SOE cross-border operations. Findings When private firms are risk averse or financially constrained, or when writing complete contracts and making credible commitments are not possible, state ownership can achieve objectives such as international operations supporting domestic industrial policy, addressing social objectives in another government’s territory and addressing transnational market failures. Welfare effects may, however, also depend on home-host country relationships. Originality/value This is the first application of standard economics state ownership theory to state-owned multinationals. The analysis shows that key conclusions from the state ownership literature in a domestic setting can be extended to international operations, and highlights new theoretical issues arising from SOEs going beyond their home jurisdiction to that of another government.

scholarly journals Zbiegający się globalny standard przeciwdziałania nadużyciom prawa podatkowego: Czy GAAR (ATAD) i PPT (MLI) powinny być stosowane w podobny sposób?

2020 ◽  
pp. 33-46
Author(s):  
Błażej Kuźniacki
Keyword(s):  
Multinational Enterprises ◽  
Tax Avoidance ◽  
Net Worth

Potrzeba znalezienia środków z podatków na finansowanie funkcjonowania państw oraz coraz większa nieufność polityków i opinii publicznej wobec schematów optymalizacji podatkowej przedsiębiorstw wielonarodowych (multinational enterprises, MNE) i najbardziej majętnych osób fizycznych (high-net worth individuals, HNWI) wywołały bezprecedensowy entuzjazm polityczny dotyczący przeciwdziałania międzynarodowemu unikaniu opodatkowania. Ten entuzjazm przerodził się w mandat polityczny udzielony OECD przez G20 w 2012 r. Wśród mnogości propozycji środków prawnych przeciwdziałających unikaniu opodatkowania opracowanych przez OECD w ramach projektu BEPS, za kluczowe należy uznać: test jednego z głównych celów (principal purposes test, PPT) z MLI i ogólną klauzulę przeciwdziałania unikaniu opodatkowania (general anti-avoidance rule, GAAR) z unijnej dyrektywy przeciwdziałającej praktykom unikania opodatkowania (anti-tax avoidance directive, ATAD). Celem niniejszego artykułu jest znalezienie odpowiedzi na główne (tytułowe) pytanie badawcze: Czy GAAR (ATAD) i PPT (MLI) powinny być stosowane w podobny sposób? Hipotezą pozytywnie zweryfikowaną w ramach niniejszego opracowania jest to, że: im bardziej zbiegające się (koherentne) będzie stosowanie GAAR i PPT, tym mniej praktyk unikania opodatkowania i sporów wynikających z tego zjawiska będzie występować między podatnikami i organami podatkowymi. Istnieje jednak poważne zastrzeżenie: GAAR i PPT powinny być stosowane zgodnie z ogólną zasadą przeciwdziałania nadużyciom (general anti-abuse principle, GAAP) wynikającą z orzecznictwa Trybunału Sprawiedliwości Unii Europejskiej (TSUE), a nie zgodnie z PPT zaprojektowanym przez OECD. Tylko takie podejście do stosowania GAAR i PPT może zapewnić właściwą równowagę między interesami fiskalnymi różnych państw a swobodami gospodarczymi podatników. Konstatacja ta wynika z analizy treści i struktury GAAR i PPT, celów polityki podatkowej wyrażonych w preambułach do MLI i ATAD, orzecznictwa Trybunału Sprawiedliwości Unii Europejskiej (TSUE), Komentarza OECD do Modelu Konwencji OECD oraz literatury.

Centralization and Effectiveness of Reward Management in Multinational Enterprises

2018 ◽  
Vol 17 (2) ◽  
pp. 55-65 ◽  
Author(s):  
Michael Tekieli ◽  
Marion Festing ◽  
Xavier Baeten
Keyword(s):  
Decision Making ◽  
Social Identity Theory ◽  
Multinational Enterprises ◽  
Role Identity ◽  
Management Decision ◽  
Role Identities ◽  
Management Decision Making ◽  
New Perspective ◽  
Subsidiary Managers ◽  
The Relationship

Abstract. Based on responses from 158 reward managers located at the headquarters or subsidiaries of multinational enterprises, the present study examines the relationship between the centralization of reward management decision making and its perceived effectiveness in multinational enterprises. Our results show that headquarters managers perceive a centralized approach as being more effective, while for subsidiary managers this relationship is moderated by the manager’s role identity. Referring to social identity theory, the present study enriches the standardization versus localization debate through a new perspective focusing on psychological processes, thereby indicating the importance of in-group favoritism in headquarters and the influence of subsidiary managers’ role identities on reward management decision making.

Gestione, valorizzazione e trasmissione dei patrimoni artistici di famiglia

2017 ◽  
Author(s):  
Nicola Canessa ◽  
Alessia Zorloni
Keyword(s):  
Net Worth

La gestione e la valorizzazione dei patrimoni artistici familiari è una esigenza particolarmente sentita dalle nuove generazioni di HNWF (High Net Worth Families) proprietarie di importanti collezioni di opere d'arte. L'obiettivo di questo studio è quello di contribuire alla conoscenza delle diverse problematiche economichee giuridiche che le famiglie, con importanti patrimoni artistici, si trovano ad affrontare nella gestione e nella valorizzazione della propria collezione. Il lavoro analizzate le motivazioni e i bisogni delle famiglie nella gestione del loro patrimonio artistico affrontando anche gli aspetti giuridici della trasmissione del patrimonio artistico all'interno della famiglia e verso terzi.

ANALISA PERBANDINGAN LAPORAN KEUANGAN DAN RASIO KEUANGAN SEBAGAI ALAT UKUR KINERJA KEUANGAN PADA KOPERASI KARYAWAN SUCOFINDO (KOPERASI SUCOFINDO JAYA) TAHUN 2009 – 2011

2019 ◽  
Vol 9 (2) ◽  
pp. 35
Author(s):  
Sri Marti Pramudena
Keyword(s):  
Financial Performance ◽  
Balance Sheet ◽  
Fiscal Year ◽  
Percentage Increase ◽  
Net Worth ◽  
Average Value ◽  
Financial Position ◽  
Profitability Analysis ◽  
Equity Ratio ◽  
The Cost

This study aims to determine the financial position and financial performance Cooperative Sucofindo Jaya (KOPSUCOFINDO JAYA) from fiscal year 2009-2011 through a comparative analysis / comparisons and ratio analysis. From the research, the authors obtained a picture that results of the financial position and financial performance of KOPSUCOFINDO JAYA as follows: (1) To Horizontal Analysis of the Balance Sheet shows the overall unfavorable developments as the rise of short-term debt experienced a greater percentage increase than the increase in current assets (2) For Horizontal Analysis of the SHU, SHU in 2010 an increase of 125.38% compared to 2009 and in 2011 increased by 282.47% compared to 2009, but this increase was not followed by a reduction in the burden of cost of goods, especially business and this increase was obtained from the contribution percentage increase in other income. (3) For Vertical Analysis of the Balance Sheet shows that in terms of assets, current assets are assets that make up the largest component but also cause considerable investment value embedded in current assets and also showed asset turnover, receivables turnover and working capital is very low under 1 times. (4) For the SHU Vertical analysis shows that income JAYA KOPSUCOFINDO more than 85% absorbed in the Cost of Goods. (5) For liquidity analysis showed that highly liquid KOPSUCOFINDO JAYA obtain an average value above 400%. (6) For solvency analysis shows that the performance is not good / not solvable because the results of the analysis LITA average of above 95%, Total Debt to Equity Ratio in the top 2.000%, and Net Worth Debt Ratio to average below 4%. (7) For activity ratios indicate that the performance is not good for Turnover of Assets value of 1 times. (8) For the rentability analysis KOPSUCOFINDO JAYA show results for ROA of 0.86% (2009), 1.31% (2010), 1.18% (2011), ROE in 2009 is 14.81%, 26.43% in 2010 and 2011 amounted to 31.11%, for the ROI of 0.56% in 2009, in 2010 was 0.96% and by 0.93% in 2011. (9) For the analysis of profitability, for the analysis of GPM in 2009 amounted to 1.49%, in 2010 of 2.31% and 3.92% in 2011. As for the analysis of NPM in 2009 amounted to 0.97%, in 2010 by 1.70% and by 3.10% in 2011. Keywords:  Cooperative Financial Performance, horizontal analysis, vertical analysis, Analysis of Liquidity, Solvency Analysis, Activity Analysis, Profitability Analysis, profitability analysis

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