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Do plants freeze upon uncertainty shocks?
Mecikovsky, Ariel M.; Meier, Matthias - 2014 - Preprint, This version: August 28, 2014, (Preliminary version)
Following the real option literature, whether or not uncertainty shocks drive business cycles depends on the degree of adjustment frictions. The more plants freeze and remain inactive in response to increased uncertainty, the stronger the adverse effects on the economic activity. Using quarterly...
Persistent link: https://www.econbiz.de/10010399958
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Risikobewertung bei Investitionen in Offshore-Windanlagen
Balks, Marita; Breloh, Philipp - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 1, pp. 26-33
remain autious due to the risk profiles, especially in offshore wind. Sensitivities of DCF-based investment models confirm … material risk impact, especially from lower wind availability and construction cost overruns. Political focus on the timely … remain costly. The forthcoming updates to the renewable energy law should seek to mitigate wind availability risk; ease …
Persistent link: https://www.econbiz.de/10010240641
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Auswirkungen des neuen Erneuerbare-Energien-Gesetzes auf Offshore-Wind-Investitionen
Balks, Marita; Breloh, Philipp - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 7, pp. 520-523
Im Januar 2014 haben die Autoren untersucht, ob Investitionen in Offshore-Windanlagen unter den damaligen Rahmenbedingungen rentabel waren und welche Risiken als besonders relevant für die Umsetzung von Projekten erachtet werden müssen. Im April 2014 wurde der Gesetzentwurf zum novellierten...
Persistent link: https://www.econbiz.de/10010404387
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Exploring the role of uncertainty for corporate investment decisions in Germany
Kalckreuth, Ulf von - 2000
The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and … attractive. Therefore, risk may also constitute an incentive to invest. The net effect is theoretically indeterminate. The …
Persistent link: https://www.econbiz.de/10011418846
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Exploring the role of uncertainty for corporate investment decisions in Germany
Kalckreuth, Ulf von - 2000
The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and … attractive. Therefore, risk may also constitute an incentive to invest. The net effect is theoretically indeterminate. The …
Persistent link: https://www.econbiz.de/10001511636
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The R&D Investment-Uncertainty Relationship : Do Competition and Firm Size Matter?
Czarnitzki, Dirk - 2008
This paper investigates how competition and firm size affect the relationship between market uncertainty and Ramp;D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest less in current Ramp;D as uncertainty about market...
Persistent link: https://www.econbiz.de/10012725202
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Uncertainty and firm level investment in West Germany
Böhm, Hjalmar; Funke, Michael; Siegfried, Nikolaus A. - In: Investing today for the world of tomorrow : studies on …, (pp. 131-151). 2001
Persistent link: https://www.econbiz.de/10001584690
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Discovering the link between uncertainty and investment : microeconometric evidence from Germany
Böhm, Hjalmar; Funke, Michael; Siegfried, Nikolaus A. - 1999
Persistent link: https://www.econbiz.de/10013420224
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Do nonfinancial firms hold risky financial assets? Evidence from Germany
Hoang, Daniel; Silbereis, Fabian; Stengel, Raphael - 2021
Recent empirical evidence suggests that US industrial firms invest heavily in noncash, risky financial assets. Using hand-collected data on financial portfolios of German firms, we show that risky asset holdings are not an anomaly unique to the US. We find that industrial firms in Germany invest...
Persistent link: https://www.econbiz.de/10012490916