Multivariate regression (income shifting)
| ln (PBT) | Sign | Model 1 | Model 2 | ||
|---|---|---|---|---|---|
| Coefficient | p-value | Coefficient | p-value | ||
| C subsidiaries | − | 0.032 | 0.414 | – | – |
| C parent | − | – | – | −1.890 | 0.105 |
| ln (TangibleAssets) | + | 0.164 | 0.000 | 0.126 | 0.000 |
| ln (CompExp) | + | 0.539 | 0.000 | 0.648 | 0.000 |
| ln (GDP) | ? | 0.644 | 0.000 | 0.776 | 0.000 |
| Parent firm and year fixed effect | Yes | Yes | |||
| Adj. R2 | 0.460 | 0.501 | |||
| ln (PBT) | Sign | Model 1 | Model 2 | ||
|---|---|---|---|---|---|
| Coefficient | p-value | Coefficient | p-value | ||
| C subsidiaries | − | 0.032 | 0.414 | – | – |
| C parent | − | – | – | − | |
| ln (TangibleAssets) | + | 0.164 | 0.000 | 0.126 | 0.000 |
| ln (CompExp) | + | 0.539 | 0.000 | 0.648 | 0.000 |
| ln (GDP) | ? | 0.644 | 0.000 | 0.776 | 0.000 |
| Yes | Yes | ||||
| 0.460 | 0.501 | ||||
Note:
Countries with at least 10 subsidiaries
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