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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 …
Persistent link: https://www.econbiz.de/10012820828
The world's cruise corporations regularly purchase large, luxurious cruise ships. In accordance with the Cruise Line International Association, 33 new ocean cruise ships will be available on the market by 2020. These types of capital expenditures are associated with large financial outlays of up...
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This paper investigates corporate fixed investment in Hungary between 2001 and 2014 using firm-level data. We analyse … the composition, heterogeneity and the drivers of corporate investment. Investments in Hungary are highly concentrated and … before the crisis: the investment rate was stagnant and investment activity declined. However, the performance of firms was …
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Purpose: Prior studies suggest that an informative stock price helps corporate investment decisions. Since short …-selling improves the informativeness of stock prices, short-selling could influence corporate investment. This study examines this …. Findings: The results show a distinct contrast between the two types of investment. After short-selling, a decrease in R …
Persistent link: https://www.econbiz.de/10014490610
In this study, we analyse 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 … constraints and investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the …
Persistent link: https://www.econbiz.de/10014491718