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Fancy a stay at the "Hotel California"? : foreign direct investment, taxation and firing costs
Görg, Holger - 2002
This paper looks at the trade off between investment incentives and exit costs for the location of foreign direct investment (FDI). This issue does not appear to have been tackled in much detail in the literature. The analysis considers the effect of profit taxation (as a measure of investment...
Persistent link: https://www.econbiz.de/10011415359
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Who benefits from tax incentives? : the heterogeneous wage incidence of a tax credit
Carbonnier, Clément; Malgouyres, Clément; Py, Loriane; … - 2021
Do workers gain from lower business taxes, and why? We estimate how a large corporate income tax credit in France is passed on to wages and explore the firm- and employee-level underlying mechanisms. The amount of tax credit firms get depends on their payroll share of workers paid less than a...
Persistent link: https://www.econbiz.de/10012609191
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Who wins and who loses from state subsidies?
Du, Jun; Girma, Sourafel; Görg, Holger; Stepanok, Ignat - 2022
China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on subsidized and non-subsidized firms. We find that firms that...
Persistent link: https://www.econbiz.de/10013187211
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Profit taxation, R&D spending, and innovation
Lichter, Andreas; Löffler, Max; Isphording, Ingo Eduard; … - 2021
We study how profit taxation affects plants' R&D spending and innovation activities. Relying on geocoded survey panel data which approximately covers the universe of R&D-active plants in Germany, we exploit around 7,300 changes in the municipal business tax rate over the period 1987-2013 for...
Persistent link: https://www.econbiz.de/10012697801
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Has the Paycheck Protection Program succeeded?
Hubbard, R. Glenn; Strain, Michael R. - 2020
Enacted March 27, 2020, the Paycheck Protection Program (PPP) was the most ambitious and creative fiscal policy response to the Pandemic Recession in the United States. PPP offers forgivable loans - essentially grants - to businesses with 500 or fewer employees that meet certain requirements. In...
Persistent link: https://www.econbiz.de/10012305361
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Who benefits from state corporate tax cuts? : a local labor markets approach with heterogeneous firms: comment
Malgouyres, Clément; Mayer, Thierry; Mazet-Sonilhac, … - 2021
Suárez Serrato and Zidar (2016) identify state corporate tax incidence in a spatial equilibrium model with imperfectly mobile firms. Their identification argument rests on comparative-statics omitting a channel implied by their model: the link between common determinants of a location's...
Persistent link: https://www.econbiz.de/10012592979
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Downward revision of investment decisions after corporate tax hikes
Link, Sebastian; Menkhoff, Manuel; Peichl, Andreas; … - 2023
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...
Persistent link: https://www.econbiz.de/10014249936
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Investment tax credits and the response of firms
Lerche, Adrian - 2022
This paper estimates the direct effects of investment tax credits on firms' production behavior and the additional indirect effects arising from agglomeration economies. Exploiting a change in tax credit rates by firm size in Germany, I find that manufacturing firms increase capital and...
Persistent link: https://www.econbiz.de/10013429414
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Corruption, networking and foreign ownership : recent evidence from CEE countries
Pal, Sarmistha - 2013
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10010195528
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Gender and corruption : a reassessment
Debski, Julia; Jetter, Michael - 2015
This paper analyzes the relationship between gender and corruption, controlling for country-specific heterogeneity in a … the involvement of women in society and the absence of corruption. However, once country-fixed effects are acknowledged … corruption by 2.5 index points (scale from zero to ten). Surprisingly, the link between the share of women in the labor force and …
Persistent link: https://www.econbiz.de/10011376241