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Miao, Jianjun; WANG, PENGFEI - Department of Economics, Boston University - 2010

countercyclical and forecast future economic activities because they a®ect ¯rm investment through Tobin's Q. They also forecast future …

Persistent link: https://www.econbiz.de/10010779510

Irreversible Investment with Regime Shifts

Guo, Xin; Miao, Jianjun; Morellec, Erwan - Swiss Finance Institute - 2002

Under the real options approach to investment under uncertainty, agents formulate optimal policies under the assumption … that firms’ growth prospects do not vary over time. This paper proposes and solves a model of investment decisions in which …-maximizing investment policy is derived such that in each regime the firm’s investment policy is optimal and recognizes the possiblity of a …

Persistent link: https://www.econbiz.de/10005612042

Corporate tax policy and long-run capital formation : the role of irreversibility and fixed costs

Miao, Jianjun - In: Annals of economics and finance 20 (2019) 1, pp. 67-101

Persistent link: https://www.econbiz.de/10012110027

A Q-theory model with lumpy investment

Miao, Jianjun; Wang, Pengfei - In: Economic theory : official journal of the Society for … 57 (2014) 1, pp. 133-159

Persistent link: https://www.econbiz.de/10010416687

Lumpy investment and corporate tax policy

Miao, Jianjun; Wang, Pengfei - In: Journal of money, credit and banking : JMCB 46 (2014) 6, pp. 1171-1203

Persistent link: https://www.econbiz.de/10010466620

Comment on "Growth uncertainty, generalized disappointment aversion and production-based asset pricing"

Lochstoer, Lars A. - In: Journal of monetary economics 69 (2015), pp. 90-96

Persistent link: https://www.econbiz.de/10011326681

Entrepreneurial finance and non-diversifiable risk

Chen, Hui; Miao, Jianjun; Wang, Neng - 2009

Persistent link: https://www.econbiz.de/10003827717

Firm heterogeneity and the long-run effects of dividend tax reform

Gourio, François; Miao, Jianjun - 2009

"To study the long-run effect of dividend taxation on aggregate capital accumulation, we build a dynamic general equilibrium model in which there is a continuum of firms subject to idiosyncratic productivity shocks. We find that a dividend tax cut raises aggregate productivity by reducing the...

Persistent link: https://www.econbiz.de/10003851204

Transitional dynamics of dividend and capital gains tax cuts

Gourio, Fraçois; Miao, Jianjun - 2010

Persistent link: https://www.econbiz.de/10008698517

Lumpy investment and corporate tax policy

Miao, Jianjun; Wang, Pengfei - 2009

Persistent link: https://www.econbiz.de/10008698741