This paper studies the impact of uncertainty on cross-border investments. We build a data set of firm-level outward … Foreign Direct Investments between 2000 and 2015. We create a time and country varying measure of uncertainty based on the … dispersion of idiosyncratic investment returns. An increase in uncertainty delays cross-border flows to the affected country. Yet …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

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 … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …

We present an Uncertainty Perception Indicator (UPI) for Germany based on the dynamic topic modelling technique … this approach facilitates the close-to-realtime identification of both the magnitude of an uncertainty shock as well as its … uncertainty have different repercussions in the macroeconomy. Employing a Bayesian VAR approach, we analyze the effects of various …

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 … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …

We find that shocks to aggregate geopolitical uncertainty are associated with an average decline in firm-level capital …-level liquidity as a necessary catalyst in linking investment plan revisions and uncertainty – without sufficient cash reserves, the … negative relation between investments and uncertainty becomes insignificant …

Although most empirical studies conclude that uncertainty delays firms' investments based on real options theory …, empirical evidence regarding the impact of uncertainty on innovation is mixed. This study examines the impact of geopolitical … firm characteristics, macroeconomic environment, other uncertainty measures, time, and alternative GPR and R&D measures, as …

The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … focus on Spain for the period 1998-2014. To measure policy-related uncertainty, we borrow the economic policy uncertainty … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …