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the literature, our empirical findings reveal a negative impact of firm-specific uncertainty on investment. However … adjust their investment if the realized situation is better than expected, which suggests that the uncertainty effect …This paper analyzes how firm-specific uncertainty affects firms’ propensity to invest. We measure firm …
Persistent link: https://www.econbiz.de/10011445660
Persistent link: https://www.econbiz.de/10011975702
significant amplifying role for market uncertainty in the relation between sentiment and aggregate investment. A one …-standard-deviation increase in uncertainty more than doubles the effect of sentiment on investment. Moreover, allowing uncertainty …The effects of sentiment should be strongest during times of heightened valuation uncertainty. As such, we document a …
Persistent link: https://www.econbiz.de/10014350126
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes …
Persistent link: https://www.econbiz.de/10011349194
This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks … increase in uncertainty leads to deleveraging, as entrepreneurs reduce their demand for external financing to be able to hedge …
Persistent link: https://www.econbiz.de/10013109171
for further research, especially on the motivations behind investment decisions. Investments in market economies are … uncertainty.” The methodological issues, as can be pointed out, are relevant in the context of policy issues and social … society. By shaping business concerns and strategies, social institutions have a major impact on investment decisions in a …
Persistent link: https://www.econbiz.de/10012894687
for further research, especially on the motivations behind investment decisions. Investments in market economies are … uncertainty." The methodological issues, as can be pointed out, are relevant in the context of policy issues and social … society. By shaping business concerns and strategies, social institutions have a major impact on investment decisions in a …
Persistent link: https://www.econbiz.de/10011948136
We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …. Overlevered firms facing high uncertainty converge to their targets substantially faster, whereas their counterparts facing low …
Persistent link: https://www.econbiz.de/10012855716
effects of regime uncertainty on a firm's strategic investment decision, taking into consideration the remaining time to the …
Persistent link: https://www.econbiz.de/10014209938
In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …
Persistent link: https://www.econbiz.de/10010189451