In the competition of tax and accounting systems, different countries bid for an inflow of mobile resources by offering a favorable tax treatment. In this competitive context countries still have elements of monopoly (for instance public goods), but they are contestable by migration. Therefore, the mechanism of “exit” and “voice” – the latter in the sense of disaccord – becomes relevant as a continuous appeal for evolutionary change. The limits of differentiation between countries are defined by mobile readiness and willingness, which is determined by utility and cost of location. This development has been advanced by many countries through the liberalization of capital markets. Striking examples for this process are the members of the European Union, which have on the one hand created a single European capital market and on the other hand have abolished the existing barriers for capital mobility, even for third party countries. Our projects shall analyze theoretically and by means of theoretically supported empirical methods the influence of taxation and accounting rules on entrepreneurial decisions and its implications for national and multinational firms.
The team is composed in the way that synergy effects come across as by complementary core competences. It is our aim to make use of a unique combination of team members from tax research (Diller, Maiterth, Müller, Niemann, Sureth-Sloane) and accounting and capital market experts (Kosi, Löffler, Schneider, Sievers, Uhde). We are in a position to competently analyze problems and give answers to questions at the interface of our disciplines. More specifically, our core expertise lies in the fields of Business Taxation, Accounting, Finance, Statistics and Econometrics.
Therewith institutional developments and questions can be ascertained by the members of CETAR combining competences from theory and methodology and looking from different perspectives as from a micro, business, capital market, and economic view.