persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …

analysis of firm investment, suggesting that high uncertainty may transmit to investment and bank loans mainly through the real …This paper studies how high uncertainty affects corporate bank loans, addressing the important identification issue. In … times of high uncertainty, firms reduce their credit demand due to delayed investments or a deterioration in their credit …

-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated … informed. Moreover, young firms tend to wait long before entering or exiting the market faced with high uncertainty about their …

investment (FDI) from its trend. Moreover, despite the quick recovery of local sales, Japanese MNCs in China have continued to …

investment (FDI) from its trend. Moreover, despite the quick recovery of local sales, Japanese MNCs in China have continued to …

-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated … informed. Moreover, young firms tend to wait long before entering or exiting the market faced with high uncertainty about their …

uncertainty significantly reduces managers' expected investment, employment and production in the short and mid run. We collect …This paper studies the dynamic effects of an uncertainty shock on firm expectations. We conduct a survey that confronts … managers from a representative firm sample with a model-consistent uncertainty shock scenario. An exogenous increase in …

branch is the theory of irreversible investment under uncertainty, the second the theory of competitive speculation in stocks … investment under uncertainty deals with problems of investment or planning where the investment outlay is irretrievable, once … spent. The combination of irreversibility and uncertainty has been shown to change the usual Marshallian action triggers …

This paper analyzes decisions on emissions of a stock pollutant under uncertainty in a two period model. Decisions are …, considering prospective learning increases today?s abatement effort, i.e. the ?irreversibility effect? holds, if the weight on EU … is small. This contrasts standard results on the irreversibility effect for EU which translates to small weights on …

standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …