On 28th November OxTalks will move to the new Halo platform and will become 'Oxford Events' (full details are available on the Staff Gateway).
There will be an OxTalks freeze beginning on Friday 14th November. This means you will need to publish any of your known events to OxTalks by then as there will be no facility to publish or edit events in that fortnight. During the freeze, all events will be migrated to the new Oxford Events site. It will still be possible to view events on OxTalks during this time.
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This paper presents evidence that the U.S. trade war with China is having a significant negative impact on corporate investment. We identify the link between trade policy and corporate investment rates by merging together two seemingly separate literatures. The first is a literature that has used a specific-factors framework to show that fluctuations in the prices of tradable goods causes movements in abnormal returns of listed firms. The second is a literature that builds on Tobin’s q as a theory of corporate investment. In this setup, investment is linked to firm expected future profitability as measured by the market value of equity relative to the book value. Putting these two channels together yields a mechanism through which import protection can affect investment—namely, protection lowers expected firm profits and this lowers the incentives of firms to invest.
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