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 …

Using a news-based index of geopolitical risk (GPR), we document a strong negative relationship between firm …-level corporate investment and GPR. When the GPR index doubles, investment rate in the next quarter declines by 14% of its sample mean …. The effect is more pronounced for firms with more irreversible investment or higher market power, confirming the real …

dispersion of idiosyncratic investment returns. An increase in uncertainty delays cross-border flows to the affected country. Yet …This paper studies the impact of uncertainty on cross-border investments. We build a data set of firm-level outward … Foreign Direct Investments between 2000 and 2015. We create a time and country varying measure of uncertainty based on the …

This paper uses the enactment of China’s 2007 Property Law (the Law), which reduces the risk of expropriation by local … governments, as the setting to investigate the importance of property rights protection for private firm investment. Using … prior to the Law significantly increase their investment and investment efficiency after the Law. Cross-sectional analyses …