Fagprofil

Ignacio Garcia de Olalla Lopez

Førsteamanuensis - Institutt for regnskap revisjon og foretaksøkonomi

Publikasjoner

Garcia de Olalla Lopez, Ignacio (2017)

The Effect of Trust on Taxation Arbitrage through Dividend Payments

[Academic lecture]. Scandinavian Accounting Research Conference.

Garcia de Olalla Lopez, Ignacio (2016)

The Effect of Trust on Taxation Arbitrage through Dividend Payments

[Academic lecture]. Seminar.

Garcia de Olalla Lopez, Ignacio (2016)

Managerial Overconfidence and the Buyback Anomaly

[Academic lecture]. EFA 2016.

Andreou, Panayiotis; Cooper, Ilan, Garcia de Olalla Lopez, Ignacio & Louca, Christodoulos (2016)

Managerial overconfidence and the buyback anomaly

[Academic lecture]. European Finance Association annual meeting.

Garcia de Olalla Lopez, Ignacio (2014)

Explanatory Factors of the Capital Structure in Public and Private Firms

[Academic lecture]. World Finance and Banking Symposium 2014.

Garcia de Olalla Lopez, Ignacio (2014)

The Effect of Trust on Taxation Arbitrage through Dividend Payments

[Academic lecture]. American Accounting Association Annual Meeting.

The dual income tax system, common in the Nordic countries from the early 90s, has been shown to provide a taxation arbitrage opportunity for medium and high income self-employed individuals, and for active owners of closely-held corporations. These individuals can reclassify their wages as capital income and distribute them in form of dividends, thereby minimizing tax paid on labor. In this paper, I show that high levels of trust in a region had a moderating effect on the dividend payout of Norwegian closely-held firms located in that region, in the period when dividends were exempt from taxes. The effect disappears on data after a taxation reform in 2006. To achieve these results, I use a unique database of high quality accounting information for Norwegian private companies. I argue that high levels of trust cause firm owners to be less inclined to engage in tax-arbitrage behaviors because they trust their tax money is being put to proper use. I also suggest that in communities where there are higher levels of trust and sociability, i.e., tighter communities, deviations from what is normative considered good citizenship are costlier for the deviant than in communities with lower levels of trust and sociability.

Garcia de Olalla Lopez, Ignacio (2013)

Social Capital and Financial Decisions in Norwegian Private Firms

[Academic lecture]. World Finance Conference.

Akademisk grad
År Akademisk institusjon Grad
2014 BI Norwegian Business School PhD
2014 BI Norwegian Business School Ph.D.
2008 BI Norwegian Business School Master of Science
2006 BI Norwegian Business School B.B.A.
2014 BI Norwegian Business School PhD
2014 BI Norwegian Business School Ph.D.
2008 BI Norwegian Business School Master of Science
2006 BI Norwegian Business School B.B.A.
Arbeidserfaring
År Arbeidsgiver Tittel
2014 - Present BI Norwegian Business School Associate Professor
2012 - Present BI Norwegian Business School Lecturer
2008 - 2012 BI Norwegian Business School PhD Candidate