This paper provides empirical evidence on the dynamic effects of uncertainty on firm-level capital accumulation. A … novelty in this paper is that the firm-level uncertainty indicator is motivated and derived from a theoretical model, the … neoclassical investment model with time to build. This model also serves as the base for the empirical work, where an error …

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 …

The empirical literature of investment under uncertainty has vastly neglected to account for the role played by market … of market structure (in terms of degree of competition) in a model of investment under uncertainty. It is also one of the … very first attempts to make explicit the empirical relationship between investment and uncertainty under different degrees …

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 …

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 …

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 …

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 outcomes …

Unlike previous empirical work concerning investment behavior and the determinants of liquidity constraints, we use a … through 2002 we find that: (i) investment behavior is characterized by two distinct regimes; (ii) the likelihood of being … essentially stable during the whole period under consideration; (iv) ownership structure affects investment beyond its indirect …

under uncertainty on real investment performance in three emerging markets, Argentina, Mexico and Turkey. Employing a … portfolio choice model to explain the low fixed investment rates in developing countries during the 1990s, we suggest that … rather than investing on risky and irreversible long term fixed investment projects, firms may choose to invest on reversible …