Conference Agenda
Overview and details of the sessions of this conference.
Please select a date to show only sessions at that day. Please select a single session for detailed view (with abstracts and downloads if available).
Activate "Show Presentations" and enter your name in the search field in order to find your function (s), like presenter, discussant, chair.
Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:38:47am WEST
|
Daily Overview |
| Session | |
|
F07: Corporate Tax Reform and Multinational Investment Location: Room 107 (Francesinhas 1) | |
    | |
Collateral Consequences: The Debt Channel of Investment Tax Incentives University College Dublin, Ireland As the global financial crisis highlighted, firms' choice between external or internal funds to finance investment has large-scale implications for the wider economy. While tax policy has shaped debt–equity preferences, less attention has been devoted to how it can motivate the use of internal financing. This paper studies the Deduction of Retained and Reinvested Profits (DRRP), a Portuguese tax incentive meant to encourage the self-financing of tangible fixed assets investment. We evaluate DRRP’s impact on firm investment, financing decisions, and workforce composition. Our findings show that, as intended, investment and reserves respond to the take-up of the tax credit. However, debt financing also increases significantly, suggesting that instead of switching between external and internal financing, firms use the newly acquired assets as collateral to secure additional funding. As employment and real wages grow, there is no evidence of skill-biased investments.
| |
