This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the … short and long-term effects on investment in machinery and equipment. While the user cost of capital declines 0.9 percent …

expected investment growth premium controlling for other firm characteristics and risk factors. For a $q$-theory-based model …We decompose asset growth into external and internal growth and construct the expected investment growth measures based … on different components. The expected external investment growth predicts future stock return positively and subsumes the …

of taxation and other disincentives to investment and innovation on economic growth …