income taxation on investment in case of binding and non-binding financial constraints. By employing two different sample … average tax rate to measure liquidity outflow through taxation that corporate taxation affects investment through changing … error-correction models. -- Investment cash flow sensitivity ; financial constraints , taxation ; effective average tax rate …

multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We … Accounting (SA) aside and turn to Consolidation and Formulary Apportionment (C&FA) adopted either by all the jurisdictions at …

dynamics of important variables like firm value, dividend payout, and investment differs qualitatively depending on whether the … interpretation of the produced results. -- Tax reform ; anticipation effects ; investment ; economic growth ; welfare ; corporate …