This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …

This paper investigates the effects of monetary policy on firms' investment behaviour. The analysis relies on a …. First, we estimate a reduced-form investment equation derived from the neo-classical model, augmented by cash flow. This …

In this paper we investigate how demand and output price uncertainty affect investment plans of Belgian manufacturing … survey and investment plans from the half-yearly investment survey. Using investment plans instead of realised investment … features of the decision formation process and, therefore, it is most closely related to economic theory. Business investment …

understanding of Belgian firms' investment behavior. Two main and interrelated topics are investigated: the link between financial … structure and investment decision, on the one hand, the effect of uncertainty on the level of investment, on the other hand … are more sensitive to interest rate and cash flow. However, no role for investment price volatility is observed. …

We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … irreversible capital (Caballero, 1991). Further, firms revise their investment plans very little. They may do so in response to new …

This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … when a social planner decides on discriminatory fees and ATM investment to maximize total welfare. This implies that there …

, employment and investment over the 2009-2012 period 1 . The sector considered embraces not only the activities directly connected …