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 firmś investment project can impose a restriction on the amount of new debt. The …

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

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 …

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 …

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

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 …

pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …