• 1 Introduction
  • 2 Theoretical Background
  • 2.1 A Model of Profit Shifting and Investment
  • 2.2 Losses
  • 2.3 Interposed Entities
  • 3 Empirical Analysis
  • 3.1 Data and Descriptive Statistics
  • 3.2 Investigation Approach
  • 3.3 Regression Results
  • 4 Conclusion