This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than …

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than …

the firm-level investment in 14 Asian countries over the period of 1990-2010. We used Panel smooth transition regression … splitting of firms into constrained and unconstrained firms used in the linear investment models. Our results show that PSTR … investment models have higher explanatory power than linear investment model. Our estimation results from the PSTR investment …