(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 MoreThe Decentering of the Global Firm
/World Economy, 32:9 (September 2009), 1271-1290.
Almost 20 years ago, Robert Reich questioned how firms are linked to nation states by posing a provocative question, ‘Who is Us?’.
Read MoreCapital Flows, Taxes and Institutional Variation→
/NBER Reporter, no. 3
Tariff reductions, falling transport costs, and reduced barriers to international capital flows have created extensive opportunities for multinational firms and investors in increasingly integrated global markets.
Read MoreFinancial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations→
/(w/ C. F. Foley and K. J. Forbes) Review of Financial Studies 21:6 (November 2008), 2857-2888.
This paper examines how financial constraints and product market exposures determine the response of multinational and local firms to sharp depreciations.
Read MoreCzech Mate: Expropriation and Investor Protection in a Converging World→
/(w/ A. Moel) Review of Finance 12:1 (2008), 221-251.
This paper examines the expropriation of a foreign investor by a local partner and the subsequent resolution of that case through international arbitration in favor of the investor.
Read MoreThe Comovement of Returns and Investment Within the Multinational Firm→
/(w/ C. F. Foley) in NBER International Seminar on Macroeconomics, MIT Press, 2006.
Can financial integration, particularly the cross-border investments of multinational firms, help explain the synchronization of business cycles?
Read MoreDiscussion of "Saving and Cohabitation: The Economic Consequences of Living with One’s Parents in Italy and the Netherlands"
/by R. Alessi, A. Brugiavini and G. Weber in NBER International Seminar on Macroeconomics, 2004.
The Alessi, Brugiavini and Weber (ABW) paper provides an illuminating introduction to the consequences of income shares for savings decisions within composite households.
Read MoreThe Divergence Between Book Income and Tax Income
/in J. Poterba (ed.) Tax Policy and the Economy 17 (Cambridge, MA: MIT Press, 2003), 169-206. This paper is a revision of NBER Working Paper 8866, entitled "The Corporate Profit Base, Tax Sheltering Activity, and the Changing Nature of Employee Compensation."
This paper examines the evolution of the corporate profit base and the relationship between book income and tax income for U.S. corporations over last two decades.
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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.