Conference Agenda
Overview and details of the sessions of this conference.
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If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:07:13am WEST
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Daily Overview |
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B07: Firm Ownership, Wages, and Inequality
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Business Owners, Migration and Taxation 1: Tampere University; 2: Finnish Centre of Tax Systems Research (FIT); 3: CESifo; 4: Labore; 5: University of Bonn This paper examines the selection into emigration among entrepreneurs and analyses how taxation and residence-permit-related moving costs affect the international mobility of business owners. We use a unique dataset that links business owners to their firms across national borders between Finland and Estonia using personal identifiers. Variation in tax differentials across countries and over time, as well as the introduction of e-Residency program in 2014 in Estonia, provide the main sources of identification. We first study selection into out-migration and document income trajectories of business owners and their firms around the time of cross-border mobility. We then analyze mobility patterns before and after the introduction of e-Residency and tax changes, and relate these to the income dynamics and firm performance outcomes identified in the trajectory analysis. We find positive selection into cross-border mobility by owner income rank. Additionally, we find suggestive evidence of policy changes affecting location choices.
Does Ownership Matter? Allocation and Concentration of Firm Ownership ifo Institute & LMU Munich, Germany Most empirical work treats firms as stand-alone units, yet economic control is exercised through ownership networks. If owners differ in their ability to monitor, allocate capital, or organize production, then firm performance may depend on who owns the firm. This paper studies whether owners are heterogeneous in their association with firm outcomes and whether tax policy distorts the allocation of corporate control. Using a novel registry-based panel covering the universe of German firm–person ownership networks from 2002 to 2024, I link 5 million firms to 7 million individuals and observe ownership portfolios and transitions at scale. I estimate an AKM-style decomposition to quantify persistent owner-specific components in firm performance. The results provide new evidence on owner heterogeneity and concentration of firm ownership.
The Effect Of Foreign Ownership Of Firms On The Distribution Of Wages 1: VATT Institute for Economic Research, Helsinki, Finland; 2: MIT; 3: Aalto University This paper studies the effects of foreign ownership among Finnish firms on top incomes. The Finnish top 1\% share increased significantly in the 1990s foreign acquisitions of Finnish firms increased rapidly. We examine how this affected the distribution of incomes. We find that on average wages increase and especially the top earners of the acquired firms gain the most in incomes. Second, we observe a set of connected firms through share board membership that allow us to study the spillover effects of the foreign acquisitions. Intriguingly, we find almost as large spillover effect in the connected firms as the direct foreign takeover effect. The direct effect and spillover effect combined allow us to explain a substantial part of the increase in top 1% share that occurred in Finland from the 1990s.
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