Corporate Taxation and the Size of New Firms: Evidence from Europe
利用1997-2004年17个欧洲国家新注册公司的面板数据，研究发现降低有效公司所得税率会显著减小新企业的资本规模及其资本劳动比。
Using a novel country-industry level panel database with information on newly incorporated firms in 17 European countries between 1997 and 2004, we study how taxation of corporate income affects the size of entrants at the country-industry level. Our results, that are robust to changes in several assumptions, suggest that a reduction in the effective corporate income tax rate leads to a significant reduction of the capital size of entrants, and to a decrease in their capital-labor ratio.