employed the investment-Q model as the baseline specification with firm fixed effects. Results revealed that during election … years, firms tend to reduce investment expenditures as compared to a period having no election after controlling for firm … characteristics and economic condition. The study also witnessed pre-election manipulation and the presence of the political business …

Regierungen möglich ist bzw. möglich bleibt, der Wirtschaftspolitik einen ideologisch motivierten Stempel aufzudrücken. Dafür wird …

Regierungen möglich ist bzw. möglich bleibt, der Wirtschaftspolitik einen ideologisch motivierten Stempel aufzudrücken. Dafür wird …

autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … behavior as the growth rate of the local business tax is significantly reduced in the election year and the year prior to the … election, while it jumps up in the year after the election. This pattern turns out to be robust against a number of sensitivity …

autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … behavior as the growth rate of the local business tax is significantly reduced in the election year and the year prior to the … election, while it jumps up in the year after the election. This pattern turns out to be robust against a number of sensitivity …