Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of …

these assets to test the power of real options theory to explain investment under uncertainty. Additionally, the paper uses … a specially constructed industry-specific measure of irreversibility for plant and machinery investment to test for real …This paper reports estimation of investment equations for two classes of fixed assets: plant & machinery and building …

This paper tests the power of real options theory to explain investment under uncertainty, exploiting differences in … the degree of irreversibility between machinery and buildings. It reports estimates of investment equations for each asset … options theory. Additionally, using a specially constructed industryspecific measure of irreversibility for machinery …

This paper presents an empirical study of the channels of influence from uncertainty to fixed investment suggested by … OLS estimates of the impact of uncertainty on investment where the regressors are augmented by cross-sectional averages of … data set of industrial characteristics. We find that irreversibility is able to predict the pattern detected, but only when …

under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying … degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital …

under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying … degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital …

under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying … degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital …

uncertainty significantly reduces managers' expected investment, employment and production in the short and mid run. We collect …This paper studies the dynamic effects of an uncertainty shock on firm expectations. We conduct a survey that confronts … managers from a representative firm sample with a model-consistent uncertainty shock scenario. An exogenous increase in …