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Tax policy, investment and profit shifting

Bilicka, Katarzyna; Devereux, Michael P.; Güçeri, İrem - 2024

-off between raising tax revenue by reducing profit shifting and attracting investment. Accounting for extensive margin profit …

Persistent link: https://www.econbiz.de/10015101826

Downward revision of investment decisions after corporate tax hikes

Link, Sebastian; Menkhoff, Manuel; Peichl, Andreas; … - 2022

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than …

Persistent link: https://www.econbiz.de/10013255860

How do corporate tax hikes affect investment allocation within multinationals?

De Vito, Antonio; Jacob, Martin; Schindler, Dirk; Xu, … - 2023

between countries generates positive investment spillover, intra-firm production linkages predict negative spillover. Using … subsidiary-level data and exogenous corporate tax hikes, we find that local business units cut investment by 0.4% for a 1 …

Persistent link: https://www.econbiz.de/10013540885

Unconventional monetary policy in the euro area : impacts on loans, employment, and investment

Afonso, António; Pereira, Francisco Gomes - 2022

firms that borrowed more increased employment and fixed capital investment, albeit to a lesser degree than before the APP …

Persistent link: https://www.econbiz.de/10012888479

Gendered access to finance : the role of team formation, idea quality, and implementation constraints in business evaluations

Bartoš, Vojtěch; Castro, Silvia; Czura, Kristina; … - 2023

We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success, yet constraints for women are particularly pronounced. We structurally unpack whether loan officers evaluate business ideas and implementation constraints differently for male...

Persistent link: https://www.econbiz.de/10014388597

When credit dries up : job losses in the Great Recession

Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - 2013

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks ́health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...

Persistent link: https://www.econbiz.de/10010223447

Export market exit, financial pressure and the crisis

Görg, Holger; Spaliara, Marina-Eliza - 2013

Using firm-level data for the UK, we investigate the link between firms ́financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit...

Persistent link: https://www.econbiz.de/10009786195

Does an R&D Tax credit affect R&D expenditure? : the Japanese R&D tax credit reform in 2003

Kasahara, Hiroyuki; Shimotsu, Katsumi; Suzuki, Michio - 2013

To what extent does a tax credit affect firms ́R&D activity? What are the mechanisms? This paper examines the effect of R&D tax credits on firms ́R&D expenditure by exploiting the variation across firms in the changes in the eligible tax credit rate between 2000 and 2003. Estimating the...

Persistent link: https://www.econbiz.de/10010199415

Microeconometric evidence of financing frictions and innovative activity

Tiwari, Amaresh; Mohnen, Pierre A.; Palm, Franz C.; … - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...

Persistent link: https://www.econbiz.de/10010249680

World market access of emerging-market firms : the role of foreign ownership and access to external finance

Raff, Horst; Trofimenko, Natalia - 2013

This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …

Persistent link: https://www.econbiz.de/10009772816