Carstensen, Kai; Bachmann, Rüdiger; Schneider, Martin; … - 2018
This paper provides survey evidence on firms’ subjective uncertainty about future sales growth from a new … more subjective uncertainty after either high or low growth realizations. In the cross section of firms, subjective … subjective uncertainty than fast-shrinking and small firms, respectively, even if they face shocks of similar size. In contrast …