Proximity to plants makes it easier for headquarters to monitor and acquire information about plants. In this paper, I estimate the effects of headquarters' proximity to plants on plant investment and productivity. Using the introduction of new airline routes as a source of exogenous variation...

All in Smoke Ltd (AIS Ltd), 100% export oriented unit (EOU) and in the manufacturing business of tobacco and cigarette, is a wholly-owned subsidiary of its listed parent firm. The parent firm, a sizable player in the same industry with a number of well-known brands in its portfolio, has recently...

In this paper, we use an exogenous variation in tax regulations to analyze the impact of bonus depreciation programs on business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax incentives were granted for investments in...

Der Beitrag untersucht, inwieweit hinter der oft konstatierten Investitionsschwäche der europäischen Wirtschaft eine Strukturverschiebung von materiellen zu immateriellen Investitionen steht. Da letztere nur zum Teil unter den Investitionsbegriff der Volkswirtschaftlichen Gesamtrechnung...

The relationship between investment efficiency and investment transparency is investigated using a sample of Australian listed company capital expenditure announcements between 2008 and 2014. We suggest two opposing hypotheses to explain why investment efficiency may influence the...