Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/122172
Authors: 
Egger, Peter
Erhardt, Katharina
Keuschnigg, Christian
Year of Publication: 
2014
Series/Report no.: 
Reihe Ökonomie / Economics Series, Institut für Höhere Studien (IHS) 306
Abstract: 
Firms are heterogeneous in size, productivity, ownership concentration, governance, financial structure and other dimensions. This paper introduces a stylized theoretical framework to account for such differences and to explain the heterogeneous tax sensitivity of firm-level investments across firm types. We econometrically test the theoretical predictions, taking account of selection of firms into different regimes. We find important differences in the tax sensitivity of investment of small entrepreneurial and larger managerial firms in different financial regimes that are largely in line with theoretical results.
Subjects: 
Corporate tax
Personal taxes
Firm heterogeneity
Access to capital
Manager-shareholder conflicts
JEL: 
D22
G32
H25
L21
Document Type: 
Working Paper

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