Replication data for: The Effect of Corporate Taxation on Investment and Financial Policy: Evidence from the DPAD

Eric Ohrn
This study estimates the investment, financing, and payout responses to variation in a firm's effective corporate income tax rate in the United States. I exploit quasi-experimental variation created by the Domestic Production Activities Deduction, a corporate tax expenditure created in 2005. A 1 percentage point reduction in tax rates increases investment by 4.7 percent of installed capital, increases payouts by 0.3 percent of sales, and decreases debt by 5.3 percent of total assets. These estimates...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.