The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …'s investment outlays using the database of the Deutsche Bundesbank's corporate balance sheet statistics. Our database represents …

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 …

We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. …

seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation … these predictions, private information appears to have no impact on the investment levels observed in the experiment. A …

hold a large fraction of safe assets, prohibiting some types of investment and allowing ample scope of investment on others …

goods, a symmetric risk allocation is superior as it ensures sufficient investment incentives even if competition is very …