tax rates to investment into the analysis of the impact of taxation on total factor productivity. Investment and …This paper analyses how corporate taxes can affect investment and productivity. To address this question the paper uses … productivity are shown to respond negatively to an increase in the corporate tax rate. These effects are stronger in bigger firms …

accelerate dividends. Moreover, the capital gains tax rate is endogenous to dividend policy (in addition to turnover rates …). Finally, modifying the model to allow sales between tax clienteles shows that the new view does not hold even when projects …

statistically significant correlation between the boom observed in investment and the adoption of the tax policy. However the … conclude that the analyzed tax stimulus was ineffective to promote investment in Colombia …We use a yearly dataset of plant level investment in Colombian firms during the period 1997 to 2007, to assess the …

significant correlation is found between the boom observed in investment and the adoption of the tax policy. However, the … tests. Overall, it is concluded that the tax stimulus analyzed was ineffective in promoting investment in Colombia. …This paper uses a yearly dataset of plant-level investment in Colombian firms during the period 1997 to 2007 to assess …

mitigate the effect of tax rate uncertainty on investment timing. -- Capital Levy ; Corporate Taxation ; Default Risk ; Real …In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing … so, we depart from the relevant literature, which focuses on fully equity-financed investment projects. By letting a …

, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to … study the effects of tax depreciation allowances in a risky environment. As will be shown in our numerical analysis …, generous tax depreciation allowances lead to a decrease in a firm’s leverage and, in most cases, cause a reduction in default …

, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to … study the effects of tax depreciation allowances in a risky environment. As will be shown in our numerical analysis …, generous tax depreciation allowances lead to a decrease in a firm's leverage and, in most cases, cause a reduction in default …