Showing 1 - 10 of 257
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment …. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA … primarily as a windfall for shareholders. We find that U.S. business investment since 2017 has grown strongly compared to pre …
Persistent link: https://www.econbiz.de/10012022032
This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes...
Persistent link: https://www.econbiz.de/10014403891
better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding …
Persistent link: https://www.econbiz.de/10014399964
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These predictions are explored empirically using a panel of...
Persistent link: https://www.econbiz.de/10014400121
, using data from around the time of the 1997 U.K. dividend tax reform, which removed a significant tax credit for an … dividend tax rates across all investors, and that U.K. pension funds should reduce their holdings of the previously tax …
Persistent link: https://www.econbiz.de/10014400684
There is increasing emphasis on the importance of efficient financial markets for sustained real investment and …''s investment decisions. The purpose of this paper is to model the impact of financial reforms on borrowing constraints faced by … firms and to test the impact of financial reforms on the investment decisions of firms in Turkey. To do so, the paper builds …
Persistent link: https://www.econbiz.de/10014399580
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of the UCE with Canadian data are less prone to the...
Persistent link: https://www.econbiz.de/10012251411
assumption of a one-period perturbation in the capital stock. Instead it allows a permanent investment. While this may appear a … the original EATR: despite the assumption of a one-period investment, the original measure is informative about long …
Persistent link: https://www.econbiz.de/10014401478
While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often … public investment in a large sample of road construction projects in developing countries. Consistent with the presence of … absorptive capacity constraints, our results show a non-linear U-shaped relationship between public investment and project costs …
Persistent link: https://www.econbiz.de/10012251291
Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and...
Persistent link: https://www.econbiz.de/10013169959