(w/ L. Jin) Journal of Financial Economics, 100:1 (April 2011), 68-84.
This paper employs heterogeneity in institutional shareholder tax characteristics to identify the relationship between firm payout policy and tax incentives.
Read MoreCapital Structure with Risky Foreign Investment→
/(w/ C. F. Foley and J. R. Hines Jr.) Journal of Financial Economics, 88:3 (June 2008), 534-553.
Political risks increase the volatility of multinational firm operating returns, prompting firms to adjust their capital structures.
Read MoreCorporate Tax Avoidance and High-Powered Incentives→
/(w/ D. Dharmapala) Journal of Financial Economics 79, no. 1 (January 2006), 145-179.
This paper analyzes the links between corporate tax avoidance and the growth of high-powered incentives for managers.
Read MoreThe Costs of Shared Ownership: Evidence From International Joint Ventures→
/(w/ C. F. Foley and J. R. Hines Jr.) Journal of Financial Economics 73, no. 2 (August 2004), 323-374. This paper is a revision of HBS Working Paper 03-017 and NBER Working Paper Series No. 9115, "International Joint Ventures and the Boundaries of the Firm."
This paper analyzes the determinants of partial ownership of the foreign affiliates of U.S. multinational firms and, in particular, the marked decline in the use of joint ventures over the last 20 years.
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Mihir Desai's academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His research has been cited in The Economist, BusinessWeek, The New York Times, and several other publications.