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Optimal Expensing of Multinational Corporation’s R&D in the Presence of Externalities
- Authors
- Sukwhan Ahn; 박정수
- Issue Date
- Dec-2007
- Publisher
- 한국응용경제학회
- Keywords
- Multinational corporation; optimal expensing policy; tax; R&D investment; externalityI. IntroductionAs practices and theories of multinational corporations (MNCs) have thrived over the past several decades; tax incentives under which they operate ha; Multinational corporation; optimal expensing policy; tax; R&D investment; externalityI. IntroductionAs practices and theories of multinational corporations (MNCs) have thrived over the past several decades; tax incentives under which they operate ha
- Citation
- 응용경제, v.9, no.3, pp 119 - 150
- Pages
- 32
- Journal Title
- 응용경제
- Volume
- 9
- Number
- 3
- Start Page
- 119
- End Page
- 150
- ISSN
- 1229-5426
- Abstract
- This paper explores how the externality effects of the multinational corporation's (MNC) R&D influence countries in determining their optimal national expensing rules for the MNC's R&D expenditures. This analysis lends itself to an explanation of why different countries adopt different expensing rules and why in general full efficiency fails to obtain worldwide with respect to the expensing of R&D expenditures incurred to MNCs. The MNC's ownership distribution and the size of other firms are also examined for their effects on optimal expensing policy. Exposition is also provided to enlighten on economic consequences when countries engage in an infinitely long-term relationship.
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