Uncertainty Determinants of Firm Investment
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 impact on investment spending, while market-based uncertainty has a positive impact.
|Date of creation:||28 Jul 2006|
|Date of revision:||24 Feb 2007|
|Publication status:||published, Economics Letters, 98/3, 282-287, 2008.|
|Contact details of provider:|| Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA|
Web page: http://fmwww.bc.edu/EC/
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