Sharing the Spoils: Taxing International Flows of Human Capital
/(w/ D. Kapur and J. McHale) International Tax and Public Finance 11, no. 5 (September 2004), 663-693.
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.
Read MoreRedesigning Sovereign Debt Restructuring Mechanisms→
/(w/ K. Luchs, C. Pham and J. Stevens) HBS Case 204-110.
How should the debt of sovereign countries be restructured when countries approach default? Anne O. Krueger of the International Monetary Fund (IMF) is proposing a new approach to sovereign defaults: the Sovereign Debt Restructuring Mechanism (SDRM).
Read MoreDrilling South: Petrobras Evaluates Pecom→
/(w/ R. Reisen de Pinho, M. Veblen and K. Luchs) HBS Case 204-043.
The Brazilian oil company, Petrobras, is evaluating the acquisition of an Argentine oil company, the Perez Companc Group (Pecom).
Read MoreNew Foundations for Taxing Multinational Corporations→
/Taxes, Special Issue from the University of Chicago Federal Tax Conference (March 2004), 41-49.
In the midst of rapid integration and globalization, multinational firms still face tax systems that differ among countries, and these differences have the potential to affect major investment and financing decisions.
Read MoreVenture Out Alone→
/(w/ C. F. Foley and J. R. Hines Jr.) Harvard Business Review 82, no. 3 (March 2004), 22.
Read MoreExchange Rate Policy at the Monetary Authority of Singapore→
/(w/ M. Veblen) HBS Case 204-037.
The Monetary Authority of Singapore (MAS) is responsible for the country's monetary policy, and its decisions are intended to support the country's overall strategy for sustainable economic growth with price stability
Read MoreCross-Border Listings and Depositary Receipts→
/(w/ A. Dave, K. Luchs, M. Raga-Frances and M. Veblen) Harvard Business School Background Note 204-022.
This case describes the varied instruments that have evolved to facilitate investments in foreign corporations, emphasizing American Depositary Receipts (ADRs) and cross-border listings.
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 MoreAntitrust Regulations in a Global Setting: The EU Investigation of the GE/Honeywell Merger→
/(w/ B. Villalonga and M. Veblen) HBS Case 204-081.
Helps students understand the principles underlying competition and antitrust policy in the context of the proposed GE-Honeywell merger.
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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.