interest deductibility. This paper sets up a model of corporate finance and investment in a small open economy to quantify the … would arise partly from a fall in the social risks associated with corporate investment, and partly from the cut in the …

behavior which abstracts from agency problems. As emphasized by the corporate governance literature, corporate investment … and analyze the crucial issue in corporate taxation of whether the normal return on investment should be exempted from … system exempts the normal return on investment from taxation. The optimal system may well use the full return on investment …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …

average tax rates which reflect different forms of investment decisions. A number of extensions to the basic model are …

their actual investment spending. Our empirical work is based on panel data for 193 Canadian firms. For the firms most … likely to be affected by Free Cash Flow agency problems, investment behavior appears to be guided by discount rates that are …

We analyze the voting behavior of a board of directors that has to approve (or reject) an investment proposal with …