panel VAR model on the international panel data in 21 major countries' firms during 1996-2014. In particular, financing for … found follow. Firstly, our empirical results presented that the internal financial-intensive firms reduce their investments … according to the corporate tax increase hock. However, firms using less internal finance show no significant evidence of …

' training level and the subsequent wage growth. Some notable results include: (i) the workers at the firms facing high net …