findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …

This study examines the role of managers’ political campaign contributions in relation to their firms’ tax benefits … firm. Using a major tax law change, we find that firms’ political action committee contributions and individual managers … contributions to be an increasing function of managers’ wealth effects through the existence of bonus plans that are based on after …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … incentives were granted for investments in Eastern Germany before 1999. Using business establishments in Western Germany as …

Germany, we identify and quantify the impact from bonus depreciation on building and equipment investments at the extensive …