investment. Second, our results highlight that expectations regarding the duration of the shutdown—which, at this point of the … expect the shutdown to last longer are more likely to lay off workers and to cancel or postpone investment projects. …

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 investment decisions. On average, the share of firms that invest less than …