We study whether the corporate tax system provides incentives for risky firm investment. We analytically and … empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss … to use losses, and a weak negative effect for those that cannot. Thus, the sign of the tax effect on risky investment …

We examine operating and investment decisions in a duopolistic industry in which an initial investment in research … yields an immediate tax benefit for one firm, but creates a net operating loss carryover for the other firm. We show that the … conventional wisdom that suggests that the first firm is in a better position to make the research investment need not hold in a …

-offs of equity investment was repealed in 2004. The paper exploits the ensuing high cross-sectional and times series variation …

-term measures to stimulate investment. This paper tabulates the types of accelerated depreciation allowances in South Africa and … composition of tax depreciation and tax investment allowances for 2014-17. An estimate is offered of the cost to the treasury of …

suggest that stimulating loss firms' investment with refunds unconditional on their future prospects comes at the risk of … refunded. We find that treating losses less asymmetrically by granting refunds less restrictively increases loss firms …' investment: A third of the refund is invested and the rest is held as cash or returned to shareholders. However, the investment …

CTS can mitigate disincentives to high-risk investments. Using information on R&D as the investment risk measures, we find …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …

not been considered in previous studies on investment even though most (if not all) panel data sets on firms are … corporate income tax rate was partly compensated for by stricter depreciation allowances. Investment dynamics appear to be … crucial for the coefficients of cash flow variables in investment equations. While cash flow effects are present in the (first …

There is a lack of clear evidence of the ways in which dividend taxation affects dividend distributions and investment … old view of dividend taxation. -- corporate income taxation ; dividends ; investment ; tax reform …