demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

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 …

will be different for the two firm types. This in turn will affect the investment incentives and distort capital and labour …

will be different for the two firm types. This in turn will affect the investment incentives and distort capital and labour …

the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers … observe the investment (but not the realization of product quality) before purchase, they can infer the probability … investment can avoid adverse selection and, second, an efficiency effect according to which a larger investment reduces the …

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

returns than needed to secure investment, even when taking the uncertainties involved into account. The results obtained can …

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked …