This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …

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 …

Applying a time-discrete investment model and a setting with an entry and an exit option and cash flow uncertainty we … present a dynamic analysis of the impact of various loss offset regimes on risky investment timing decisions. We find that a … respect, we analytically identify conditions for higher taxes to increase investors' propensity to choose early investment and …

The empirical literature that seeks to measure the effective tax rate on new investment offers a striking paradox. On … the one hand, summary measures of the effective tax rate on new investment are normally quite high. On the other hand, the … tax rate on new investment. It is much more robust than the standard measures, such as King-Fullerton marginal effective …