; investment incentives ; small firms …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash …-constrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among closely … and by higher dividends in cash-rich firms after the tax cut. The heterogeneous investment responses imply that the …

between countries generates positive investment spillover, intra-firm production linkages predict negative spillover. Using … subsidiary-level data and exogenous corporate tax hikes, we find that local business units cut investment by 0.4% for a 1 …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment …. Cashconstrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among …-constrained firms and by higher dividends in cash-rich firms after the tax cut. The heterogeneous investment responses imply that the …

there are no perfect substitutes for equity finance, payout taxes may therefore have an effect on the investment of firms …. High taxes will favor investment by firms who can finance internally. Using an international panel with many changes in … investment and growth. Investment is “locked in” in profitable firms when payout is heavily taxed. Thus, apart from any level …

taxes may thus change the investment behavior of firms. Using an international panel with many changes in payout taxes, we … show that this prediction holds well. Payout taxes have a large impact on the dynamics of corporate investment and growth …. Investment is "locked in" in profitable firms when payout is heavily taxed. Thus, apart from any aggregate effects, payout taxes …

This paper examines the effect of tax incentives in the form of bonus depreciation on the quality of investment. Using … establishments, we show that bonus depreciation significantly lowers the quality of investment. The average quality of investments …, measured by the responsiveness of future sales to current investment, reduces by 22.6–34.6%. This adverse effect of tax …