Table 8. Multivariate regression (income... | Emerald Publishing

Table 8.

Multivariate regression (income shifting and ownership concentration)

ln (PBT)	Sign	Model 3		Model 4
ln (PBT)	Sign	Coefficient	p-value	Coefficient	p-value
C subsidiaries	−	0.024	0.556
Ownership90	?	0.147	0.117	0.176	0.228
C subsidiaries × Ownership90	−	−0.159	0.001
C parent	−			−0.940	0.540
C parent × Ownership90	?			−0.559	0.404
ln (TangibleAssets)	+	0.168	0.000	0.126	0.000
ln (CompExp)	+	0.533	0.000	0.641	0.000
ln (GDP)	?	0.655	0.000	0.662	0.003
Parent firm and year fixed effect		Yes		Yes
Adj. R²		0.461		0.501
Observations		6,560		2,551

ln (PBT)	Sign	Model 3		Model 4
ln (PBT)	Sign	Coefficient	p-value	Coefficient	p-value
C subsidiaries	−	0.024	0.556
Ownership90	?	0.147	0.117	0.176	0.228
C subsidiaries × Ownership90	−	−0.159	0.001
C parent	−			−0.940	0.540
C parent × Ownership90	?			−0.559	0.404
ln (TangibleAssets)	+	0.168	0.000	0.126	0.000
ln (CompExp)	+	0.533	0.000	0.641	0.000
ln (GDP)	?	0.655	0.000	0.662	0.003
Parent firm and year fixed effect		Yes		Yes
Adj. R²		0.461		0.501
Observations		6,560		2,551

Note:

Countries with at least 10 subsidiaries