Poscast with video: Regulation, reporting, and the value question: ESG in a shifting landscape
I discuss with Katharina Neureiter, Co-Head of Global Sustainability at The Carlyle Group, and Think ahead podcast host Sergei Guriev, Dean of London Business School, how new rules – from ESG disclosures to tax incentives – are reshaping corporate behaviour and investor expectations.
Research Summary: Value-added taxation and multinational firms in the digital age
joint work with Lisa De Simone (UT Austin), full paper available here.
*sorry my tongue is out on the starting screen below 🙂
Podcast with video: Global Tax Policy, Private Equity, and Sustainability
an hour-long discussion with Chris Caldwell in his Conversations on Climate podcast – covering my research and that of many colleagues on the topics of how disclosure regulation and tax policy may make our world a better place, and what the role of the private equity industry is.
Podcast: Carbon Taxes and Carbon Leakage
Hosted by esteemed tax professors Jeff Hoopes (UNC) and Scott Dyreng (Duke), me and Daniel Klein, assistant to the CFO at Heidelberg Materials discuss carbon taxes and their impact on firms in Europe, and insights from my research on carbon leakage. We also discuss how carbon taxes and leakage affect Heidelberg Materials, one of the largest producers of cement in the world. Cement production contributes an enormous amount of carbon into the atmosphere, and so it is very sensitive to carbon taxation. Available on Apple Podcast and Spotify, Podcast also freely available here.
Podcast: Can taxes make businesses more sustainable?
In conversation with Alenka Turnsek, EY EMEIA Sustainability Tax Leader, about recent developments in (international) business tax policies and environmental tax and tax-related policies. Hosted by at London Business Schools’ The Why Podcast. Also available on Spotify and Apple Podcast. Link: https://megaphone.link/LBS1223957784
Research Summary: The world’s most historic corporate tax reform – The Global Minimum Tax
I discuss my findings from our published paper (available here) with Robert Gomez-Cram, on how the proposed global corporate minimum tax rate of 15% affected US firms’ stock market valuations (which project the future cost of the tax reform for these companies).
UPDATED NOTE ON STATUS QUO of the reform: The reform is now being introduced worldwide, most notably, across many European countries. However, consistent with the significant negative effects we show for US firms, the current US administration is not much in favor of the reform (as the previous president Joe Biden), and it will be seen how the reform will be rolled out (or rolled back) globally in the next years! Stay tuned!
Research summaries by the Wheeler Institute at LBS
My research to date at LBS has greatly benefited from support by the Wheeler Institute for Business Development at LBS. The team has also provided insightful summaries of some of our larger projects, including the spillover effects of European corporate tax reforms on investment in Africa as well as carbon leakage to developing countries. See here for a collection of these summaries.
Podcast Interview: ESG Disclosures in the Private Equity Industry
I was interviewed by Faculti to discuss my research on how private equity firms disclose their ESG investing strategies, and, more importantly, whether more “talk” about ESG in the private equity industry also means more “walk”, i.e., whether private equity investments are also more sustainable. The answer is, on average: Yes. Full video interview here.
Research summaries at LBS’ Think blog and magazine
I am collecting these research summaries here, links to articles embedded in the title (TBU):
Taxing times: a new era of political economy. Marcel Olbert and Roberto Gomez Cram analyse changes to global corporate profit taxation.
Keeping an eye on private equity and ESG. Do private equity firms merely make ESG claims, or do claims translate into better portfolio company performance?
Marcel Olbert 