In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …

This paper uses the enactment of China’s 2007 Property Law (the Law), which reduces the risk of expropriation by local … governments, as the setting to investigate the importance of property rights protection for private firm investment. Using … prior to the Law significantly increase their investment and investment efficiency after the Law. Cross-sectional analyses …