The role of tax havens and offshore financial centers in Asia‑Pacific networks: evidence from firm‑subsidiary connections

Kirsten Martinus, Thomas Sigler, Iacopo Iacopini, Ben Derudder

Research output: Contribution to journalArticle

1 Citation (Scopus)
47 Downloads (Pure)

Abstract

This paper adds a network dimension to locational theories on multinational corporate strategy to explain how tax havens and offshore financial centers (THOFC) are integrated into the structures of firms listed on five stock exchanges of the Asia-Pacific region. Applying network analysis to firm-subsidiary connections of these listed firms, it highlights differences in the connectivity structures as well as the role of THOFC in exchange subnetworks. It finds considerable variation in the complexity of corporate structures by stock exchange which can be explained by national context and multinational location strategies, and that the prevalence of THOFC within corporate structures cannot be underestimated.
Original languageEnglish
Pages (from-to)389-411
Number of pages23
JournalAsian Business and Management
Volume18
Issue number5
Early online date5 Dec 2018
DOIs
Publication statusPublished - Nov 2019

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taxes
stock exchange
firm
evidence
network analysis
Asia-Pacific
Financial centres
Tax havens
Multinationals
Corporate structure
Stock exchange
Network analysis
Location strategy
Integrated
Connectivity
Subsidiaries
Asia-Pacific region
National context
Corporate strategy

Cite this

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The role of tax havens and offshore financial centers in Asia‑Pacific networks : evidence from firm‑subsidiary connections. / Martinus, Kirsten; Sigler, Thomas; Iacopini, Iacopo; Derudder, Ben.

In: Asian Business and Management, Vol. 18, No. 5, 11.2019, p. 389-411.

Research output: Contribution to journalArticle

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