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Trade Credit and Taxes
Desai, Mihir A. - 2012
This paper analyzes the extent to which firms use trade credit to reallocate capital in response to tax incentives. Tax-induced differences in pretax returns encourage the use of trade credit to reallocate capital from firms facing low tax rates to those facing high tax rates. Evidence from the...
Persistent link: https://www.econbiz.de/10013106075
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Watch What I Do, Not What I Say : the Unintended Consequences of the Homeland Investment Act
Dharmapala, Dhammika - 2010
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …
Persistent link: https://www.econbiz.de/10013152600
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Foreign Direct Investment and the Domestic Capital Stock
Desai, Mihir A. - 2005
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …
Persistent link: https://www.econbiz.de/10012784973
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The Stock Market and Investment : Evidence from FDI Flows
Baker, Malcolm P. - 2004
Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …
Persistent link: https://www.econbiz.de/10012785626