Article ID Journal Published Year Pages File Type
5062257 Economics Letters 2008 6 Pages PDF
Abstract

We investigate the impact of measures of uncertainty on firms' capital investment behavior using a panel of U.S. firms. Increases in firm-specific and CAPM-based measures have a significant negative effect on investment spending, while market-based uncertainty has a positive impact.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Uncertainty determinants of firm investment
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