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payments and the balance of trade), investment income, and government and private financial flows. In addition, the accounts … measure the value of U.S. international assets and liabilities and direct investment by multinational companies. BEA’s data on … direct investment - the most detailed data set on the operations of multinational companies available - are used to assess …
Persistent link: https://www.econbiz.de/10005857510
We propose an equity finance model with agency problems and investigate the relationship between dividend taxation and inefficient investments. Contrary to both the old and the new view of dividend taxation, a fall in the dividend tax rate is found to improve corporate governance by increasing...
Persistent link: https://www.econbiz.de/10005858049
The influence of capital gains taxes on investment decisions is a central issue of accounting and public finance … interdependencies of investment and divestment decisions have to be identified, especially under timing flexibility. This paper closes … this gap by simultaneously analyzing investment timing and abandonment decisions for risky irreversible investment projects …
Persistent link: https://www.econbiz.de/10005865325
Business support policies designed to raise productivity and employment are commonworldwide, but rigorous micro … positiveprogram treatment effect on employment, investment and net entry but not on TFP. OLSunderestimates program effects because the … insome respects investment subsidies can be cost effective.... …
Persistent link: https://www.econbiz.de/10009486961
[...]One important theme, common to both views, is thatinvestment is a fundamental part of the growth process.Investment … investment good since software code is adurable asset that contributes to production over several years.[...] …
Persistent link: https://www.econbiz.de/10005869899
industry. Estimation of productivity dynamics and of behavioraldecision rules are separated into recursive stages. Using … plausible estimates with small standard errors. Decision ruleestimates show that productivity beliefs affect investment and exit … idiosyncraticproductivities and update productivity beliefs using information revealed by their productionexperience. The estimator relies on the …
Persistent link: https://www.econbiz.de/10005870144
dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive … investors supply them. Because of this, bubbly episodeschannel resources towards productive investment raising the growth rates … of capital and output. Themodel also illustrates that the existence of bubbly episodes requires some investment to be …
Persistent link: https://www.econbiz.de/10005870349
Die deutsche KSB-Gruppe ist heute Marktführerin in der chinesischen Pumpenindustrie. Was sich sehr selbstverständlich anhört, ist Resultat eines langwierigen Prozesses, der einiges an Investitionen verlangte. In der aktuellen China-Euphorie geht oft vergessen, dass ein China-Engagement nicht...
Persistent link: https://www.econbiz.de/10005855522
This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the …-options theory of a multinational, which contemplates FDI to relocate production abroad under a stochastic exchange rate. The model … provides a theoretical rationale for this findingand offers new insights in the investment-uncertainty relation. Both the …
Persistent link: https://www.econbiz.de/10005858054
Um Informationen über den Internationalisierungsstand der sächsischenWirtschaft zu gewinnen, führte das Institut für Mittelstandsforschung Bonnvon Oktober 2000 bis Juni 2001 im Auftrag des Sächsischen Ministeriumsfür Wirtschaft und Arbeit in Kooperation mit der TU Bergakademie Freibergeine...
Persistent link: https://www.econbiz.de/10009138597