Matheson, Thornton; Klemm, Alexander; Power, Laura; … - 2022
investment. This paper examines the reform’s impact on US inbound foreign direct investment (FDI) and investment in property … inbound FDI and PPE investment. We find that both PPE investment and FDI financed with retained earnings responded positively … to the TCJA reform, but FDI financed with new equity or debt did not. In country-level PPE regressions, inclusion of …