{"id":14227,"date":"2022-11-08T14:09:36","date_gmt":"2022-11-08T13:09:36","guid":{"rendered":"https:\/\/ecobas.gal\/events\/jrc-b2-seminar-mispriced-authority-arbitrage-and-internal-capital-markets-of-multinationals-anna-abate-bessomo\/"},"modified":"2022-11-08T14:12:40","modified_gmt":"2022-11-08T13:12:40","slug":"jrc-b2-seminar-mispriced-authority-arbitrage-and-internal-capital-markets-of-multinationals-anna-abate-bessomo","status":"publish","type":"mec-events","link":"https:\/\/ecobas.gal\/en\/events\/jrc-b2-seminar-mispriced-authority-arbitrage-and-internal-capital-markets-of-multinationals-anna-abate-bessomo\/","title":{"rendered":"JRC B2 Seminar: &#8220;Mispriced Authority: Arbitrage and Internal Capital Markets of Multinationals&#8221; &#8211; Anna Abate Bessomo"},"content":{"rendered":"<p><strong>Abstract<\/strong><\/p>\n<p>Using the example of internal capital markets of multinational enterprises, I show theoretically that policies ignoring the internal allocation of authority, such as arm\u2019s length transfer pricing, have negative consequences if decision-making is (partly) centralised. I show that these policies result in profit shifting through interest rate arbitrage, increase the tax elasticity of investment, and disincentivises decentralisation to local joint venture partners.<\/p>\n<p><strong>Speaker<\/strong><\/p>\n<p><a href=\"https:\/\/urldefense.com\/v3\/__https:\/\/sites.google.com\/view\/annaabate__;!!D9dNQwwGXtA!Xk5J5i-w2tpgdu6-f_yJClT6lZxcKrA8QTRa44Oc6TNdAM1JEfFLieefdkUfCCEXb-LpIiHJtVZaQpHvbiUHSr8EH5ElVw$\">Anna Abate Bessomo<\/a> is a PhD candidate at the economics department of the European University Institute in Florence, Italy. Before that she studied in Ireland, the Netherlands, and Belgium. Her research focuses on organisational economics, with secondary interests in public economics, corporate governance, and applied micro theory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract Using the example of internal capital markets of multinational enterprises, I show theoretically that policies ignoring the internal allocation [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":9562,"comment_status":"open","ping_status":"closed","template":"","tags":[],"ano":[242],"cat_seminario":[351],"mec_category":[],"class_list":["post-14227","mec-events","type-mec-events","status-publish","has-post-thumbnail","hentry","ano-242","cat_seminario-seminario_externo-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JRC B2 Seminar: &quot;Mispriced Authority: Arbitrage and Internal Capital Markets of Multinationals&quot; - Anna Abate Bessomo - ECOBAS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecobas.gal\/en\/events\/jrc-b2-seminar-mispriced-authority-arbitrage-and-internal-capital-markets-of-multinationals-anna-abate-bessomo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JRC B2 Seminar: &quot;Mispriced Authority: Arbitrage and Internal Capital Markets of Multinationals&quot; 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