Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used to provide tax … investments or use investment-specific fees. These results provide new explanations for why ATRs are currently not as intensively …

Politicians and tax practitioners often claim that tax uncertainty negatively affects investment. In many countries … circumstances under which investors request ATRs, how tax authorities should price them and how they can affect investment. We … the probability of detecting ambiguous tax issues. Under certain circumstances, ATRs may effectively foster investment and …

Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used as a measure to … increase their revenues by attracting more investment. ATRs may foster investment and are hence potentially beneficial for both … tax authorities and taxpayers if the investment projects in question generate relatively small net returns but high tax …

firm's overall investment strategy. We examine whether three factors associated with traditional investment behavior (firms …' investment opportunity sets, operating uncertainty, and capital market pressure) are also associated with investments in tax … shelter activities. Our results suggest that firms with large investment opportunity sets and higher operating uncertainty are …

The immediate expensing of R&D expenditures conceals managers' knowledge about the R&D projects. I examine whether … instrumental variable for R&D investments. While total earnings guidance remains unchanged, managers issue more quarterly earnings …

investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multidimensional nature of tax … risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …

This study examines whether factors that influence firms' overall investment strategies also influence the decision to … invest in a tax shelter. Our results suggest that firms with large investment opportunity sets are less likely to invest in … overall investment strategy …

empirical relationship between uncertainty and investment. We develop a model in which the manager, compensated with an equity …-based contract, makes investment decisions for a firm that faces time-varying volatility. The contract creates incentives that affect … compensation data to quantify this predicted investment response for a large panel of firms. Our estimates help explain the …