between firm-level capital investment and the aggregate level of uncertainty associated with future policy and regulatory … outcomes. More importantly, we find evidence that the relation between policy uncertainty and capital investment is not uniform … in the cross section, being significantly stronger for firms with a higher degree of investment irreversibility and for …

The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … focus on Spain for the period 1998-2014. To measure policy-related uncertainty, we borrow the economic policy uncertainty … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …

This article explores the economic effects of checks and balances on corporate investment and employment. I use U … political agenda. I find that both public and private firms respond to the political cycle by reducing investment and hiring … when government becomes unified. Investment drops by three to five percent in the year following an election resulting in …

increase in trade policy uncertainty (TPU) after 2018. Does this increase in the TPU cause fluctuations in corporate investment … variable, this study finds a significant negative relation between aggregate TPU and corporate investment. We report the … negative relationship between TPU and investment is stronger for the firms that operate under higher investment irreversibility …

affiliation of the future governor is a source of political risk to firms considering business investment. More importantly, the …We estimate the effect of electorally induced policy uncertainty on investment in the manufacturing sector. Because …, and because the policies relevant to business investment vary systematically by party, uncertainty over the partisan …

We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standarddeviation increase in Brexit uncertainty …

This study aims to verify if there is a negative relation between the investment of Brazilian companies and the …

), and that this secular increase has led to harmful economic outcomes such as reduced investment rates (Gulen and Ion 2016 … directors (PEDs) to mitigate the harmful investment effects of policy uncertainty. Our results show that the presence of at … least one PED on a company board reduces the sensitivity of investment decisions to policy uncertainty by 49% relative to …

corporate investment decisions and how this impact varies across countries having better governance quality. To achieve the … reveals an inverse relationship between EPU and corporate investment while a direct relationship between governance quality … and corporate investment. In addition to individual impact, better governance quality can mitigate the magnitude of the …

in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy …-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes …