, uncertainty reduces corporate investment and employment. Using a novel firm-level measure of cash flow uncertainty, we find … empirically that uncertainty has a strong negative impact on corporate employment and investment in both tangible and intangible …, investment in tangibles would increase by 1.54%, and investment in intangibles would increase by1.29%. Our findings are robust to …

This paper examines the impact of investment in knowledge-based capital on firm productivity. The analysis is based on … investment in knowledge-based capital which include expenditures on R&D, and on non-R&D intangible assets such as computer … and above other factors, an increase in investment in knowledge-based capital of 10 per cent increases firm productivity …