IBUS 311 Lecture Notes - Lecture 3: Real Presence Of Christ In The Eucharist, Totalitarianism, Invisible Hand
26 Sep 2016
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Document Summary
When ireland started putting tax rules together, and were tax friendly to foreign companies, the job growth was extensive. So they have nice tax rules for companies. 10% of workforce is employed by foreign companies, even more in service industries are indirectly supported by foreign companies, financial benefit to ireland regardless of tax on companies. Tax changes- not allowing a head office w/ no employees in there, need a real presence in the office, not just an empty building. Institution based view formal rules of the game: Understanding formal institutions: politics, laws, and economics, ussr corruption, economic freedom, economics of it. Firms- managers act rationally based on formal and informal institutional constraints. Normative pillar- mechanism through which norms influence individual and firm behavior. Cognitive pillar- internalized ( or take nfor granted) values and beliefs that guide individual and firm behavior. Main purpose of laws, rules, regulations is to reduce uncertainty. Formal and informal constraints are the institutional framework.
