This paper analyzes the impact of particular loss offset limitations on intrastate and crossborder investment decisions …. Investment can be realized in the investor's domestic business, in a foreign branch or in a foreign subsidiary. The relative … impact on the optimal real investment alternative compared to the optimal financial investment alternative indicates the …

This paper examines the corporate investment effect of a time limit on the use of net operating losses (NOLs). We …: when the use of NOLs is restricted in time (unrestricted), firms facing losses increase (do not increase) investment. This … effect is stronger for firms with shorter investment horizons, in more profitable industries, and with less volatile profits …

This paper studies the effect of corporate taxes on investment. Using firm-level data on German corporations, we … investigate the 2008 tax reform that cut corporate taxes by 10 percentage points. We expect heterogeneous investment responses … can increase corporate investment but have heterogeneous investment responses across firms. …

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 …

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 …

investment on firms that lose money. I model firm investment decisions in a setting featuring financing constraints and … carrybacks and carryforwards of operating losses. I estimate investment responses to tax incentives allowing effects to vary with …

discussing future tax reforms as well as for investors assessing risky investment opportunities …

discussing future tax reforms as well as for investors assessing risky investment opportunities. …

This paper analyzes the impact of particular loss offset limitations on intrastate and cross-border investment … decisions. Investment can be realized in the investor’s domestic business, in a foreign branch or in a foreign subsidiary. The … relative impact on the optimal real investment alternative compared to the optimal financial investment alternative indicates …

corporate taxation and investment. Studying the effects of corporate taxation on investment at the micro level has two … advantages. Firstly, investment is free of aggregation biases and secondly, the firm-level dimension allows asking whether the … individual observations. We find that corporate taxes distort investment decisions. The results are robust to the inclusion of …