Multivariate regression (income shifting)
| ln (PBT) | Sign | Model 1 | Model 2 | ||
|---|---|---|---|---|---|
| Coefficient | p-value | Coefficient | p-value | ||
| C subsidiaries | − | 0.030 | 0.446 | ||
| C parent | − | −2.476 | 0.031 | ||
| ln (TangibleAssets) | + | 0.164 | 0.000 | 0.130 | 0.000 |
| ln (CompExp) | + | 0.538 | 0.000 | 0.640 | 0.000 |
| ln (GDP) | ? | 0.670 | 0.000 | 0.897 | 0.000 |
| Parent firm random effect and year fixed effect | Yes | Yes | |||
| Adj. R2 | 0.460 | 0.501 | |||
| ln (PBT) | Sign | Model 1 | Model 2 | ||
|---|---|---|---|---|---|
| Coefficient | Coefficient | ||||
| C subsidiaries | − | 0.030 | 0.446 | ||
| C parent | − | −2.476 | 0.031 | ||
| ln (TangibleAssets) | + | 0.164 | 0.000 | 0.130 | 0.000 |
| ln (CompExp) | + | 0.538 | 0.000 | 0.640 | 0.000 |
| ln (GDP) | ? | 0.670 | 0.000 | 0.897 | 0.000 |
| Yes | Yes | ||||
| 0.460 | 0.501 | ||||
Note:
Parent firm random effects
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