A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … the U.S. Census Bureau for approximately 25,000 manufacturing plants. We find three key results. First, investment is … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …

the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …

In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment …

firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …

We analyze how intermittent large expenditures on family ceremonies may affect an entrepreneur's investment decision in … to invest and the amount of investment. These results are robust to changes in specifications of the determinants of … investment, controlling for both enterprise- and family-related variables …