Expropriations, Property Confiscations and New Offshore Entities: Evidence from the Panama Papers

Item Type Journal paper
Abstract Using the Panama Papers, we show that the beginning of media reporting on expropriations and property confiscations in a country increases the probability that offshore entities are incorporated by agents from the same country in the same month. This result is robust to the use of country-year fixed effects and the exclusion of tax havens. Further analysis shows that the effect is driven by countries with non-corrupt and effective governments, which supports the notion that offshore entities are incorporated when reasonably well-intended and well-functioning governments become more serious about fighting organized crime by confiscating proceeds of crime.
Authors Bayer, Ralph; Hodler, Roland; Raschky, Paul & Strittmatter, Anthony
Journal or Publication Title Journal of Economic Behavior and Organization
Language English
Subjects economics
HSG Classification contribution to scientific community
HSG Profile Area SEPS - Quantitative Economic Methods
Refereed Yes
Date 2020
Publisher Elsevier
Volume 171
ISSN 0167-2681
Publisher DOI https://doi.org/10.1016/j.jebo.2020.01.002
Depositing User Prof. Ph.D Anthony Strittmatter
Date Deposited 26 Mar 2020 22:16
Last Modified 20 Jul 2022 17:41
URI: https://www.alexandria.unisg.ch/publications/259895

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Bayer, Ralph; Hodler, Roland; Raschky, Paul & Strittmatter, Anthony (2020) Expropriations, Property Confiscations and New Offshore Entities: Evidence from the Panama Papers. Journal of Economic Behavior and Organization, 171 ISSN 0167-2681

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https://www.alexandria.unisg.ch/id/eprint/259895
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