Theoretical models of investment under uncertainty predict that the sign and the strength of the investment-uncertainty … investment and the market power of the firm. This paper investigates the effects of uncertainty on the investment decisions of a …. Consistent with the predictions of the theory, there is considerable heterogeneity in the effect of uncertainty on investment: it …

We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … a real option value of waiting to enter foreign markets until conditions improve or uncertainty is resolved. Using a …

This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock … the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of …

correlated with the cross-sectional dispersion of investment innovations; 6) measures of firm-idiosyncratic risk have sizeable …Firms expect certain investment expenditures. Firms realize certain investment expenditures. The difference is an … investment surprise. With the help of the IFO Investment Survey for the German manufacturing sector we measure firms …

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 …-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

’ because the tax liability is offset by a reduction in the post-tax risk of the investment. The Paper argues that this claim is … investment incentives in the presence of risk. Instead it proposes an alternative measure, based on the market value of the pre …This Paper re-examines the impact of capital income taxes on the incentive to invest in the presence of risk …

This Paper shows how microeconomic data on investment plans can be used to study the structure of risk faced by firms … micro shocks are not the dominant source of risk in investment decisions, and that much of the observed micro variation is … investment risk, and they do not appear to be liquidity-constrained. …