Hoffmann, Volker H.; Trautmann, Thomas; Hamprecht, Jens - In: Journal of Management Studies 46 (2009) 7, pp. 1227-1253
There is a polarity in the literature as to whether companies do or do not postpone investment decisions in the light of regulatory uncertainty. In the case of flexible regulation characterized by a high degree and discontinuous resolution of uncertainty, we show that companies do not...