The risk conscious investor is defined as the maximizer of a conservative valuation or dynamically a nonlinear …

investment (FDI) from its trend. Moreover, despite the quick recovery of local sales, Japanese MNCs in China have continued to … their beliefs and start tail risk hedging. …

This paper investigates corporate fixed investment in Hungary between 2001 and 2014 using firm-level data. We analyse … the composition, heterogeneity and the drivers of corporate investment. Investments in Hungary are highly concentrated and … before the crisis: the investment rate was stagnant and investment activity declined. However, the performance of firms was …

We study the drivers of investment in Italy during the global financial crisis and the sovereign debt crisis. We focus … credit and uncertainty. As firm-level leverage may be correlated with its unobservable characteristics, we employ … investment rate of 1.9 and 1.4 percentage points (36 and 41 per cent of its mean) during each crisis. We also find that expected …

This study investigates whether economic policy uncertainty (EPU) magnifies peer effects in corporate investment in …' investment activities, we show that peer effects are stronger when EPU is higher. We also find that greater EPU lowers the …