|
on Discrete Choice Models |
| By: | Matthes, Julian; Momsen, Katharina |
| JEL: | C91 D01 D83 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302412 |
| By: | Giese, Henning; Heinemann-Heile, Vanessa |
| Abstract: | This study analyzes whether and to what extent the provision of public goods and firms' trust in local governments' handling of local business tax revenues are associated with firms' willingness to pay local business tax. Using survey data on German small- and medium-sized firms, we find that the average perceived provision of public goods is not associated with the willingness to pay local business tax. Separating public goods into private- and business-related public goods, we find that the perception of public goods related to the private sphere of firms' decision-makers is associated with an increase in firms' willingness to pay local business tax by about 10%. However, public goods related to the business sphere show no similar association. Contradictory to the perceived provision of public goods, we find surprisingly no association between firms' willingness to pay local business tax and the actual provision of public goods. Trust in local governments' handling of tax revenue increases firms' willingness to pay local business tax significantly, with an effect size of about twice as large as for the perception of provided private-related public goods. These findings indicate that the handling of tax revenues exerts a more pronounced influence on firms' willingness to pay than the actual utilization of these revenues. Documenting tax revenue implications, we further show that the average willingness to pay local business tax within a local government is associated with a significant decrease in tax avoidance by about 10%. Our results inform local governments about how the provision of public goods and the building of trust can sustainably contribute to firms' willingness to pay local business tax. Thus, our results contribute to the understanding of how taxes can be efficiently collected and effectively used. |
| Keywords: | Tax Perception, Business Taxation, Tax Avoidance, Public Goods, Tax Revenue |
| JEL: | H25 H26 H41 H71 D91 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:arqudp:303521 |
| By: | Denderski, Piotr; Obermeier, Tim |
| JEL: | E24 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302341 |
| By: | Helena Mantere; Juha Franssila |
| Abstract: | Interest in indoor environmental quality (IEQ) has increased within Finland's real estate sector, gaining more attention from both property owners and tenants. IEQ-related technologies can improve the quality of indoor environments, but also enable monitoring of IEQ and even occupancy. These solutions can enhance employee well-being, but also reduce costs for tenants and property owners, and support their sustainability goals. But despite the growing interest and the recognized benefits, adoption of IEQ technologies has been rather slow in the real estate industry. The purpose of the research is to examine whether and how real estate owners and tenants perceive value in IEQ in office environments, in post-pandemic context. The research focuses on identifying and evaluating the key IEQ attributes that create value for the tenants. Additionally, the research aims to assess owners and tenants’ willingness to pay (WTP) for improved IEQ and IEQ technologies. The research utilizes a mixed-method approach, employing both interviews and a questionnaire to achieve a comprehensive understanding. As a result, a framework is created for evaluating the value generated by IEQ. With the framework, for instance office tenants' needs can be assessed and met more effectively. |
| Keywords: | Indoor Environmental Quality; office environment; Value Creation; Willingness to pay |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-127 |
| By: | Véronique Bessière (UM - Université de Montpellier, MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier); Christian Goglin |
| Abstract: | his work analyzes the importance of personal values in equity crowdfunding investment choice. Employing a theoretical framework borrowing theories from the fields of finance, marketing, and psychology, our model proposes several antecedents for investment choice and focuses on the congruence between the investor's personal values and the values promoted by the startup during its fundraising campaign. The results of our laboratory experiment, based on real-life campaign material, suggest that the investor's personal values and interest in the project are more important than the perceived signal quality of the project in explaining the decision to invest. Furthermore, two opposed values emerge from the study-"Universalism" and "Power"-in line with the typical two-way classification of SRI investors into value-based and value-seeking investor groups. |
| Keywords: | Equity crowdfunding investment choice personal values value congruence affective reactions ethics II, Equity crowdfunding, investment choice, personal values, value congruence, affective reactions, Ethics |
| Date: | 2024–12–23 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04692721 |