英文文献：Expropriations, Property Confiscations and New Offshore Entities: Evidence from the Panama Papers
英文文献作者：Ralph-C. Bayer,Roland Hodler,Paul A. Raschky,Anthony Strittmatter
英文文献摘要：
Using the Panama Papers, we show that the beginning of media reporting on expropriations and property confiscations in a country increases the probability that offshore entities are incorporated by agents from the same country in the same month. This result is robust to the use of country-year fixed effects and the exclusion of tax havens. Further analysis shows that the effect is driven by countries with non-corrupt and effective governments, which supports the notion that offshore entities are incorporated when reasonably well-intended and well-functioning governments become more serious about fighting organized crime by confiscating proceeds of crime.