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that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a … the effects of both tax base and tax rate uncertainty, the investment's tax payment is modelled as a stochastic process …. Increased tax uncertainty has an ambiguous impact on investment timing. The view that tax uncertainty depresses real investment …
Persistent link: https://www.econbiz.de/10013316889
, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part … relationships involving higher trust, buyers are able to induce higher investment and more intense competition among suppliers - but …
Persistent link: https://www.econbiz.de/10012866364
how these beliefs shape investment decisions measured in administrative account data. Individuals’ beliefs exhibit …
Persistent link: https://www.econbiz.de/10013312861
accelerated depreciation (AD) for fixed asset investment in China as a natural experiment. In contrast to the large positive …We investigate whether investment incentives work in less developed countries by exploiting the introduction of … stimulating Chinese firms' investment. Further, using confidential corporate tax returns from a large province, we find that firms …
Persistent link: https://www.econbiz.de/10013313451
between countries generates positive investment spillover, intra-firm production linkages predict negative spillover. Using … subsidiary-level data and exogenous corporate tax hikes, we find that local business units cut investment by 0.4% for a 1 …
Persistent link: https://www.econbiz.de/10014261020
The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The...
Persistent link: https://www.econbiz.de/10010271923
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …
Persistent link: https://www.econbiz.de/10010271966
study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked … reduces owners' capital investment – we find that granting formal control rights to workers raises capital formation. The … relations whereby shared governance raises capital by permitting workers to bargain over investment or by institutionalizing …
Persistent link: https://www.econbiz.de/10012857903
This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in …
Persistent link: https://www.econbiz.de/10012861437
shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles …
Persistent link: https://www.econbiz.de/10012842965