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      <record key="001" att1="001" value="191653" att2="191653">001   191653</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-306.pdf</field>
      <field key="079" subkey="z">Egger, Peter - et al., Heterogeneous Tax Sensitivity of Firm-level Investments (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/306.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 306 (RePEc)</field>
      <field key="100" subkey="">Egger, Peter</field>
      <field key="103" subkey="">ETH Zuerich</field>
      <field key="104" subkey="a">Erhardt, Katharina</field>
      <field key="107" subkey="">ETH Zuerich</field>
      <field key="108" subkey="a">Keuschnigg, Christian</field>
      <field key="111" subkey="">Institute for Advanced Studies, Vienna and University of St. Gallen</field>
      <field key="331" subkey="">Heterogeneous Tax Sensitivity of Firm-level Investments</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2014, September</field>
      <field key="433" subkey="">45 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 306</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Reiter, Michael (Assoc. Ed.) ; Uysal, Selver Derya (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 306</field>
      <field key="700" subkey="">D22</field>
      <field key="700" subkey="">G32</field>
      <field key="700" subkey="">H25</field>
      <field key="700" subkey="">L21</field>
      <field key="720" subkey="">Corporate tax</field>
      <field key="720" subkey="">Personal taxes</field>
      <field key="720" subkey="">Firm heterogeneity</field>
      <field key="720" subkey="">Access to capital</field>
      <field key="720" subkey="">Manager-shareholder conflicts</field>
      <field key="753" subkey="">Abstract: Firms are heterogeneous in size, productivity, ownership concentration, governance, financial structure and other</field>
      <field key="dim" subkey="e">nsions. This paper introduces a stylized theoretical framework to account for such differences and to explain the</field>
      <field key="het" subkey="e">rogeneous tax sensitivity of firm-level investments across firm types. We econometrically test the theoretical predictions,</field>
      <field key="tak" subkey="i">ng account of selection of firms into different regimes. We find important differences in the tax sensitivity of investment</field>
      <field key="of" subkey="s">mall entrepreneurial and larger managerial firms in different financial regimes that are largely in line with theoretical</field>
      <field key="res" subkey="u">lts.;</field>
    </SEQUENTIAL>
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