The effects of sentiment should be strongest during times of heightened valuation uncertainty. As such, we document a … significant amplifying role for market uncertainty in the relation between sentiment and aggregate investment. A one …-standard-deviation increase in uncertainty more than doubles the effect of sentiment on investment. Moreover, allowing uncertainty …

We introduce three new families of reward-risk ratios, study their properties and compare them to existing examples … members only depend on the distribution of a return. In the second part of the paper we provide an overview of existing reward-risk …

-varying volatility are preferred to the long-run risk model. We analyze asset pricing implications of the estimated models …

Theory suggests that uncertainty can play an important role in determining firms' decisions to shut down operations. In … this paper, I provide evidence that input-price uncertainty leads to significant and persistent reductions in plant exits … price uncertainty within a same industry and region with shocks to exchange rate uncertainty, and monthly data on the timing …

investor personae in the Behavioral Finance literature, namely, the Cumulative Prospect Theory, the Markowitz and the Loss … attractive attracted under risk conditions. …

impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …