affects firms' investment decisions. Our results show that uncertainty is negatively correlated with investment. Secondly, it …The aim of this paper is twofold. First, it contributes to the long-running debate on the role of how uncertainty …

investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and …

constraints and investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the …In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and …

investment and expected returns. In imperfectly competitive industries, a firm's exposure to systematic risk is jointly affected … by its own investment strategy and the investment strategies of its industry peers, such that the dynamics of its …

investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … type of uncertainty proxy, we document pronounced negative investment responses to uncertainty shocks. We further show that …Investment fell sharply in the euro area after the financial crisis and has not yet returned to pre-crisis levels in …

investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … type of uncertainty proxy, we document pronounced negative investment responses to uncertainty shocks. We further show that …Investment fell sharply in the euro area after the financial crisis and has not yet returned to pre-crisis levels in …

-bank-sovereign matched database to identify separate roles for firm and bank balance sheet weaknesses arising from changes in sovereign risk … their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … sovereign risk, signifying increased rollover risk. These financial channels explain about 60% of the decline in aggregate …

-bank-sovereign matched database to identify separate roles for firm and bank balance sheet weaknesses arising from changes in sovereign risk … their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … sovereign risk, signifying increased rollover risk. These financial channels explain about 60% of the decline in aggregate …