(w/ J. R. Hines Jr.) Journal of International Economics 74:2 (March 2008), 459-474.
This paper analyzes the economic impact of export subsidies by investigating stock price reactions to a critical event in 1997.
Read MoreThe Character and Determinants of Corporate Capital Gains→
/(w/ W. Gentry) in J. Poterba (ed.), Tax Policy and the Economy 18 (Cambridge, MA: MIT Press, 2004), 1-36.
This paper analyzes how corporate capital gains taxes affect the capital gain realization decisions of firms.
Read MoreFinancing Biodiversity Conservation by the Global Conservation Fund→
/(w/ J. Stevens) HBS Case 204-019.
The Global Conservation Fund is an international nonprofit organization with a $100 million endowment and an exclusive focus on land preservation.
Read MoreValuing a Cross-Border LBO: Bidding on the Yell Group→
/(w/ P. Notarnicola and M. Veblen) HBS Case 204-033.
A team of private equity investors must value the leveraged buyout of a Yellow Pages business that operated in both the United States and the United Kingdom.
Read MoreGrowing Up In China: The Financing of BabyCare→
/(w/ M. Veblen) HBS Case 204-029.
The CFO of this infant nutritional products company must choose among competing financing offers.
Read MoreThe Refinancing of Shanghai General Motors (A&B)→
/(w/ M. Veblen) HBS Cases 204-031 & 204-025.
The CFO of General Motors' joint venture in Shanghai, Shanghai General Motors (SGM), wants to refinance almost $900 million of project finance it raised to begin operations.
Read MoreEvaluating International Tax Reform
/(w/ J. R. Hines Jr.) National Tax Journal 56, no. 3 (September 2003), 487-502.
This paper introduces “capital ownership neutrality” (CON) and “national ownership neutrality” (NON) as benchmarks for evaluating the desirability of international tax reforms, and applies them to analyze recent U.S. tax reform proposals.
Read MoreReading Off the Same Page→
/The Harvard Crimson
One of the oft-overlooked aspects of President George W. Bush’s plan to provide dividend tax relief is the selective awarding of those benefits to shareholders of corporations that pay federal taxes.
Read MoreA Multinational Perspective on Capital Structure Choice and Internal Capital Markets→
/(w/ C. F. Foley and J. R. Hines Jr.) Journal of Finance 59, no. 6 (December 2004), 2451-2488 (Lead Article). Reprinted in S. Claessens and L. Laeven (eds.), A Reader in International Corporate Finance, The World Bank, 2006.
This paper examines the impact of local tax rates and capital market conditions on the level and composition of borrowing by foreign affiliates of American multinational corporations.
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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.