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

Author

Listed:
  • Kirsten Martinus

    (The University of Western Australia)

  • Thomas Sigler

    (The University of Queensland)

  • Iacopo Iacopini

    (Queen Mary University of London
    The Alan Turing Institute, The British Library)

  • Ben Derudder

    (Ghent University)

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.

Suggested Citation

  • Kirsten Martinus & Thomas Sigler & Iacopo Iacopini & Ben Derudder, 2019. "The role of tax havens and offshore financial centers in Asia-Pacific networks: evidence from firm-subsidiary connections," Asian Business & Management, Palgrave Macmillan, vol. 18(5), pages 389-411, November.
    • Handle: RePEc:pal:abaman:v:18:y:2019:i:5:d:10.1057_s41291-018-00051-1
    DOI: 10.1057/s41291-018-00051-1
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    3. Aleksi Eerola & Arjen H. L. Slangen, 2022. "A Review of International Management Research on Corporate Taxation," Management International Review, Springer, vol. 62(5), pages 643-680, October.

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