reforms on the 30 Dow Jones companies. The estimates are all based on extensions of Tobin's "q Theory of Investment" to take … results here provide strong microeconometric support for the q theory of investment. The q theory approach provides a superior … valuation and investment plans of individual firms. The methods are applied to estimate the effects of alternative corporate tax …

pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

The empirical literature that seeks to measure the effective tax rate on new investment offers a striking paradox. On … the one hand, summary measures of the effective tax rate on new investment are normally quite high. On the other hand, the … tax rate on new investment. It is much more robust than the standard measures, such as King-Fullerton marginal effective …

United Kingdom is similar to the US pattern. France had less progressive taxes than the US or UK in 1970 but has experienced …

A universal fact of firm-level data is that investment is lumpy: firms either replace a considerable fraction of their … existing capital (spike) or do not invest at all (inaction). This paper incorporates the lumpy nature of investment into the … study of how tax policy affects investment behavior. We show that tax policy can directly impact the lumpiness of investment …

for investment in equipment and find that the responsiveness of Swedish firms to the user cost is quite similar to that … impact of the reform on investment is likely to have been minor and had little to do with the contemporaneous sharp drop in … investment …

In theory, the U.S. tax system aims to attribute and tax all business income to individuals. But the tax treatment of …

demand and returns on capital responded most while no group of firms cut their investment. Our results reject models in which …