We revisit previous influential studies that show a seemingly robust relationship between economic uncertainty and corporate investment. We conduct analysis with a comprehensive list of 27 distinct uncertainty measures, rigorous controls based on 128 variables, and consideration of intangible...

I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive margins of stock market participation decisions. The GPR index subsumes the significance of economic policy uncertainty for stock market participation decisions and has long-lasting...

I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive margins of stock market participation decisions. The GPR index subsumes the significance of economic policy uncertainty for stock market participation decisions and has long-lasting...