The Differential Impact of Uncertainty on Investment in Small and Large Businesses

We study the impact of profit uncertainty on investment and whether or not this response is different in industries that are dominated by small firms versus those that are dominated by relatively larger firms. Our key findings are that the sign of the investment-uncertainty relationship is negative, and that the quantitative negative impact is substantially greater in industries dominated by small firms. These results are robust to accounting for potential endogeneity of the uncertainty measure, alternate procedures for measuring uncertainty, and alternate ways of segmenting industries into small-and-large firm groups

MoreLess

Year of publication:	2000
Authors:	Ghosal, Vivek ; Loungani, Prakash
Publisher:	[S.l.] : SSRN
Subject:	Investitionsentscheidung \| Investment decision \| Risiko \| Risk \| Betriebsgröße \| Firm size \| KMU \| SME \| Großunternehmen \| Large firm \| Investitionsrisiko \| Investment risk \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Schätzung \| Estimation \| Branche \| Economic sector

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10014151302