variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

the unknown drift. Optimal investment in this setting is time-inconsistent: While utility is maximized by a precommitment … the strategy. In contrast, the optimal dynamically consistent investment strategy accounts for variations in the perceived … consistent strategy. This “point of regret” always lies near the middle of the investment horizon …

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 …

effects of regime uncertainty on a firm's strategic investment decision, taking into consideration the remaining time to the …

language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … uncertainty on financial decision-makers. We address this research gap by presenting a controlled laboratory experiment exposing … investors to earnings call excerpts with randomized levels of uncertainty. The subjects were engaged in an investment game and …

investigate how reputational motives (i.e., the public announcement of the winners or losers) influence risk-taking in investment …