-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms …-level investment is procyclical. We show that a heterogeneous-firm RBC model with quantitatively realistic countercyclically disperse … state investment rate distribution, produces investment dispersion that positively comoves with the cycle, with a …

-varying uncertainty, highlighted in the literature. -- Ss model ; RBC model ; lumpy investment ; countercyclical risk ; aggregate shocks …Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this … adjustment, where cyclical changes in uncertainty correspond naturally to cyclical changes in the cross-sectional dispersion of …

effect of time-varying uncertainty, highlighted in the literature. -- Ss model ; RBC model ; lumpy investment … ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms ; news shocks ; uncertainty shocks. …Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this …

; cross-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks … of firm-level investment is procyclical. We show that a heterogeneousfirm RBC model with quantitatively realistic … of the steady state investment rate distribution, produces investment dispersion that positively comoves with the cycle …

language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investors to earnings call excerpts with randomized levels of uncertainty. The subjects were engaged in an investment game and … and financial literacy. Empirically, we observe a significant positive impact of linguistic uncertainty on risk perception …

The impact of uncertainty on firms? investment outlays is subject to an ongoing debate.Der Einfluss von Unsicherheit …

channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and …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 …