Multivariate regression (income shifting)
| ln (PBT) | Sign | Model 1 | Model 2 | ||
|---|---|---|---|---|---|
| Coefficient | p-value | Coefficient | p-value | ||
| C subsidiaries | − | −0.084 | 0.090 | – | – |
| C parent | − | – | – | −0.693 | 0.096 |
| ln (TangibleAssets) | + | 0.150 | <0.000 | 0.112 | <0.000 |
| ln (CompExp) | + | 0.592 | <0.000 | 0.644 | <0.000 |
| ln (GDP) | ? | 0.407 | 0.010 | 0.596 | 0.002 |
| Constant | Omitted | −4.912 | 0.009 | ||
| Parent firm and year fixed effect | Yes | Yes | |||
| Adj. R2 | 0.460 | 0.501 | |||
| Observations | 6,560 | 2,551 | |||
| ln (PBT) | Sign | Model 1 | Model 2 | ||
|---|---|---|---|---|---|
| Coefficient | Coefficient | ||||
| C subsidiaries | − | −0.084 | 0.090 | – | – |
| C parent | − | – | – | −0.693 | 0.096 |
| ln (TangibleAssets) | + | 0.150 | <0.000 | 0.112 | <0.000 |
| ln (CompExp) | + | 0.592 | <0.000 | 0.644 | <0.000 |
| ln (GDP) | ? | 0.407 | 0.010 | 0.596 | 0.002 |
| Constant | Omitted | −4.912 | 0.009 | ||
| Yes | Yes | ||||
| 0.460 | 0.501 | ||||
| Observations | 6,560 | 2,551 | |||
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