under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying … degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital …

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 …

This paper deals with capital budgeting decisions under uncertainty. We present an Aggregate Return On Investment (AROI … which, compared with the risk-adjusted cost of capital, correctly signals wealth creation. For choosing between two mutually … exclusive projects, we derive an incremental AROI and an incremental risk-adjusted cost of capital, by means of which two …

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 …

We derive a new equation for the optimal investment boundary of a general irreversible investment problem under … exponential Lévy uncertainty. The problem is set as an infinite time-horizon, two-dimensional degenerate singular stochastic … the Wiener-Hopf factorization allow us to derive an integral equation for the optimal investment boundary. In case the …

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 …

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 …

that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to … the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to …

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 …