The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …'s investment outlays using the database of the Deutsche Bundesbank's corporate balance sheet statistics. Our database represents …

The real options tradition originally predicted a decreasing relationship between uncertainty and investment, through … probability is not the best measure of investment. The sign of the total effect is again ambiguous. This ambiguity is illustrated …

This paper experimentally investigates investment behavior.We find that global risk – i.e. risk independent of an agent …’sinvestment decision (like political risk) – substantiallydecreases investment. Also effort to obtain the capital usedfor investment … decreases investment substantially. Theseresults are neither in line with expected utility theory norwith psychologically …

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 …

between accounting conservatism, generated in created critical accounting policy choices, and management abilities in … environment. I argue that firms' management possesses no relevant capacity to determine risks and true consumption of economic …-enforced role of auditors in assessing relevance of management estimates. …

building up abatement capital stock, we examine the effect of a higher pollution tax rate on abatement investment both under … encourages abatement investment if it does not exceed a certain threshold rate - a "Laffer-curve" phenomenon. When the size of … the tax increase is uncertain, at the time of the tax increase the abatement investment path may shift upward or downward …

, consumption, physical and environmental investment, trading of emissions rights (quantity and price). The results show that …

that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a … the effects of both tax base and tax rate uncertainty, the investment's tax payment is modelled as a stochastic process …. Increased tax uncertainty has an ambiguous impact on investment timing. The view that tax uncertainty depresses real investment …