In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …

In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … constraints and investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the …

investment and expected returns. In imperfectly competitive industries, a firm's exposure to systematic risk is jointly affected … by its own investment strategy and the investment strategies of its industry peers, such that the dynamics of its …

The relationship between investment efficiency and investment transparency is investigated using a sample of Australian … investment efficiency may influence the informativeness of investment disclosures, and present evidence that investment … achieve higher profitability and cash flow from operations surrounding the investment announcements, and that high sales …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … doctrine. Factors formed on characteristics are not necessarily risk factors; characteristics-based factor models are linear … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …

billion investment. The project is expected to bring about flood of opportunities not only for the two main players but other … nations which are found to be interested in making investment. The benefits seem to be game changer and expected to raise …

What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors … fundamentals. Empirical results show that private firms cherish investment opportunities more in China. State-owned enterprises … respond more to the investment opportunities from the supply side, but much less so to demand-side shocks. These findings …

This study investigates whether economic policy uncertainty (EPU) magnifies peer effects in corporate investment in …' investment activities, we show that peer effects are stronger when EPU is higher. We also find that greater EPU lowers the …

What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors … fundamentals. Empirical results show that private firms cherish investment opportunities more in China. State-owned enterprises … respond more to the investment opportunities from the supply side, but much less so to demand-side shocks. These findings …

We study the drivers of investment in Italy during the global financial crisis and the sovereign debt crisis. We focus … investment rate of 1.9 and 1.4 percentage points (36 and 41 per cent of its mean) during each crisis. We also find that expected …. Overall, ex-ante high firm indebtedness has been an important driver of the lower investment rate over the last decade …