continuous variables on export and FDI patterns. - export ; FDI ; uncertainty ; real option approach … foreign direct investment choice, the export strategy can be rejected although it is dominating the FDI project and although … and Pindyck, 1994) an investment plan under uncertainty is derived. In contrast to static models firms postpone their …

two modes, or by a combination thereof: it can export its products, or it can create productive capacity via Foreign … Direct Investment. The advantage of FDI is that it allows for lower marginal cost than exporting does. The disadvantage is … that FDI is irreversible and, hence, entails the risk of creating underutilized capacity in the case that the market turns …

We use forward-looking and exogenous measures of output price uncertainty to examine the effect of price uncertainty on … firm-level capital investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm … size. When faced with high price uncertainty, large firms increase their hedging intensity but do not lower capital …

We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …. Overlevered firms facing high uncertainty converge to their targets substantially faster, whereas their counterparts facing low …

We investigate the effect of uncertainty on investment. We employ a unique dataset of 25000 Greek firms' balance sheets … uncertainty. The investment performance of 14 sectors is examined within a dynamic investment model. Robust GMM estimates of the … investment rate model reveal a high degree of heterogeneity among these sectors. Overall uncertainty affects negatively …

the effect of uncertainty on the decision of a firm to export considering the different types of uncertainty faced by the …-specific uncertainty increases. Second, we find that risk-averse firms are less likely to decrease their export market participation when …-specific uncertainty discourages risk-averse firms from participating in foreign markets more than risk-taking firms. One possible …

uncertainty on FDI flows. We find that the increase in TPU was associated with a negative effect on FDI inflows, with the effect … being driven by the negative impact that TPU had on FDI in export oriented states. …This paper investigates whether "trade policy uncertainty" (TPU), even absent changes in actual policy, may have an …