(w/ K. Luchs) HBS Case 205-026.
The American Institute for Foreign Studies (AIFS) organizes study abroad programs and cultural exchanges for American students.
Read MoreForeign Exchange Markets and Transactions→
/(w/ K. Luchs and C. Pham) HBS Case 205-016.
Provides information on the foreign exchange market and exchange rate movements.
Read MoreMultinational Firms, FDI Flows and Imperfect Capital Markets→
/(w/ P. Antràs and C. F. Foley) Quarterly Journal of Economics, 124:3 (August 2009), 1171-1219.
This paper examines how costly financial contracting and weak investor protection influence the cross-border operational, financing and investment decisions of firms.
Read MoreDiscussion of “Productivity and Taxes as Drivers of FDI”
/by A. Razin and E. Sadkain Brookings Trade Forum, 2007.
Their theoretical work emphasizes how set-up costs at home and in the host country can drive a wedge between marginal and total profit conditions. This insight combines with a description of FDI decision-making that separates the decision to invest and how much to invest.
Read MoreDiscussion of "The Political Economy of Indian Fiscal Federalism"
/by I. Rajaraman in India Policy Forum, 2007.
The structure of fiscal federalism within developing countries can help dictate patterns of social spending and can interact with a variety of political economy considerations.
Read MoreTax-Motivated Film Financing at Rexford Studios→
/(w/ G. Loeb and M. Veblen) HBS Case 203-005.
The head of production for Rexford Studios must analyze the terms and value consequences of an international financing involving a German film fund.
Read MoreFixing Executive Options: The Veil of Ignorance→
/Who says you can't rewrite history? Dozens of companies have been caught in the practice of backdating options for top executives. But this is only part of the problem with C-level compensation packages, which often motivate top executives to act in their own best interests rather than those of shareholders.
Read MoreGlobalizing the Cost of Capital and Capital Budgeting at AES→
/(w/ D. Schillinger) HBS Case 204-109.
With electricity generating businesses around the world, AES Corp. is seeking a methodology for calculating the cost of capital for its various businesses and potential projects.
Read MoreStrange Bedfellows→
/HBS Bulletin
Since when do the taxman and the shareholder agree? IRS Commissioner Mark Everson and SEC Chairman Christopher Cox (MBA ’76) have advanced a simple, but controversial proposal.
Read MoreConstraining Managers without Owners: Governance of the Not-for-Profit Enterprise→
/(w/ R. Yetman) NBER Working Paper No. 11140
This paper develops state-level indices of governance environment facing not-for-profits and examines the effects of these rules on not-for-profit behavior.
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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.