data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash …-constrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among closely … and by higher dividends in cash-rich firms after the tax cut. The heterogeneous investment responses imply that the …

The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological … factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that … these subjective investment determinants 1) capture economically what their labels suggest, and 2) have strong explanatory …

model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …

Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and … investments, which in turn prompts it to increase taxes next period. This induces low investment thus low future taxes, and so on …

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be …

risk. This result has a strong policy implication, in that it shows that an investment stimulus pack is expected neither to …