competitiveness, especially for tax rates. Investment decisions respond asymmetrically to tax competitiveness. Positive tax rank … information reduces investment intentions in neighboring municipalities. Compared to this, negative tax news increase relocation … satisfaction but do not influence investment. …

the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to … low carbon emissions, and (ii) substantial investment reallocation takes place, in particular from the manufacturing …

activities. For this purpose, I propose a novel measure of synthetic leverage, which can be estimated based on publicly available … information. In the empirical application, I show that German equity funds have increased their risk-taking via synthetic leverage …

Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We … risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or …