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 …

investment in public and private education for low-skilled workers. …

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 …

as a response to previous physical capital investment with an ultimate goal of inducing higher rates. Theoretical models …) and gross investment (INV) in physical capital. The evidence accruing from a dynamic panel data estimation indicates an … with the notion that the size of the firm´s investment project can impose a restriction on the amount of new debt. The …

Tax neutrality towards alternative financing instruments for corporate investment is a ubiquitous demand in the … departure from tax neutrality. Against this background, the present paper discusses the theory of capital structure and provides …

We propose a dynamic bank theory with a delayed loss recognition mechanism and a regulatory capital constraint at its …