Base in Europe, would apportion a firm's worldwide profits using formulas based on the location of employment, capital or … income, since employment and other factors on which they are based do a very poor job of explaining a firm's profits. For … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …

find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …