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Economic policy uncertainty and overinvestment: evidence from Korea

Jiang, Wenwen; Kim, Hwa-sung - In: Journal of derivatives and quantitative studies 29 (2021) 4, pp. 301-318

The authors show that there is a negative relationship between economic policy uncertainty (EPU) and firm overinvestment using Korean data from 2007 to 2016. Since Jensen (1986) shows that a firm's free cash flow is an important factor of overinvestment, the authors examine how free cash flow...

Persistent link: https://www.econbiz.de/10012658770

Government economic policy uncertainty and corporate debt contracting

Dung T. T. Tran; Hieu V. Phan - In: International review of finance : the official journal … 22 (2022) 1, pp. 169-199

Persistent link: https://www.econbiz.de/10013162505

Business investment, cost of capital and uncertainty in the United Kingdom : evidence from firm-level analysis

Melolinna, Marko; Miller, Helen; Tatomir, Srdan - 2018

Persistent link: https://www.econbiz.de/10011916356

Firm-level investment and monetary policy in Malaysia : do the interest rate and broad credit channels matter?

Karim, Zulkefly Abdul; Wan Azman Saini Wan Ngah - In: Journal of the Asia Pacific economy 18 (2013) 3, pp. 396-412

Persistent link: https://www.econbiz.de/10009769836

Economic policy uncertainty, oil price shocks and corporate investment : Evidence from the oil industry

Ilyas, Muhammad; Khan, Aamir; Nadeem, Muhammad; … - In: Energy economics 97 (2021), pp. 1-10

Persistent link: https://www.econbiz.de/10012820780

Economic policy uncertainty and investment in Spain

Dejuan-Bitria, Daniel; Ghirelli, Corinna - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 3, pp. 351-388

The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …-related uncertainty reduces corporate investment through increases in precautionary savings or to worsening of credit conditions. …

Persistent link: https://www.econbiz.de/10012612566