-based and theory-based risk aversion indicators have poor predictive performance for future REA and risk aversion proxy based on …

the literature, our empirical findings reveal a negative impact of firm-specific uncertainty on investment. However …, further results show that the investment response is asymmetric, depending on the size and direction of the forecast error …. The investment propensity declines significantly if the realized situation is worse than expected. However, firms do not …

–2011 affect firms’ investment propensity. Understanding how forecast errors affect firm investment behaviour is key to mitigate … impact of absolute forecast errors on investment. Strikingly, asymmetries arise depending on the size and direction of the … forecast error. The investment propensity declines if the realised situation is worse than expected. However, firms do not …

persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …

Corporate investment in Germany has been relatively weak for a prolonged period after the financial crisis. This was … remarkable given that interest rates and overall economic activity, important determinants of corporate investment, developed … of the economy that may influence economic behavior, such as investment decisions. In this paper, we use Latent Dirichlet …

surpluses will experience a sharp decline. Investment, on the other hand, remains weak, partially due to the fact that Brexit …