منابع مشابه
Corporate Investments and Learning
Using firm age as a proxy for the learning process within a firm, we show that the investments of young firms react more aggressively to profit realizations than the investments of mature firms. With time, firms learn about their long-term quality and their investment decisions become less influenced by the random shocks they receive. We also show that the learning process depends on the volati...
متن کاملForeign Investments and Institutional Convergence
Foreign investments are in the focus of most governments around the world. In order to be able to set a policy agenda which is successful in promoting FDI, it is necessary to understand their determinants. This paper examines whether and to what extent sound institutions and the degree of regulation deter or attract FDI flows in four economies of Southeastern Europe. In a dynamic panel analysis...
متن کاملDo corporate tax cuts increase investments ?
This paper studies the effect of corporate taxes on investment. Using firm-level data on German corporations, we investigate the 2008 tax reform that cut corporate taxes by 10 percentage points. We expect heterogeneous investment responses across firms, since firms with a foreign parent have more cross-country profit shifting opportunities than domestically owned firms. Using a matching differe...
متن کاملBeta-convergence and sigma-convergence in corporate governance in Europe
Article history: This paper tests for beta-convergence and sigma-convergence in the corporate governancemodels, using a samAccepted 12 July 2012 ple of corporate governance ratings for 198 European corporations listed on the FTSE Eurofirst 300 index. A piecewise linear regression is deployed to select amodel and the Poisson pseudo-maximum likelihood estimator JEL classification: is also applied...
متن کاملAligning Enterprise Architecture and It Investments with Corporate Goals
Model of a Specific Company's Architecture Concrete Model of a Company Application UML Class Model CORBA IDL Profile A Profile extends UML and provides a consistent way to generate code from a UML model J2EE/EJB Profile Concrete Model of a Company Application EJB code OMG UML Specification Enterprise Architecture Group Maintains Company Architecture Software Developers Create Specific Appliatio...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.1787350