Monday, May 16, 2016

THE PANAMA PAPERS_ The Market Punished “Panama Papers” Firms to the Tune of $230 Billion

Harvard Business Review

The Market Punished “Panama Papers” Firms to the Tune of $230 Billion

Curt Nickisch

May 16, 2016





Since they were first published on April 3, the Panama Papers have thrust a spotlight onto world politicians, celebrities, and businesses sheltering money offshore. The largest release of data ever on the secret world of offshore companies led to the resignation of Iceland’s prime minister. It also created an academic windfall: the opportunity to study the real financial impact of offshore vehicles. In this interview with senior editor Curt Nickisch, University of Michigan’s Ross School of Business professor Stefan Zeume discusses brand-new research resulting from the unexpected opportunity, and what he and his coauthors found: billions of dollars in lost market capitalization.

When did did you and your coauthors realize that the forced transparency of the Panama Papers could help you answer questions you’ve longed to answer?


READ MORE: https://hbr.org/2016/05/the-market-punished-panama-papers-firms-to-the-tune-of-230-billion



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