We present a model of firm investment under uncertainty and partial irreversibility in which uncertainty is represented … by a jump diffusion. This allows to represent both the continuous Gaussian volatility and the discontinuous uncertainty … negative effect of uncertainty on firm investment decisions. We test these predictions on a panel dataset of UK firms: we first …

of high uncertainty. This book begins by dividing the business landscape into three distinct domains; (1) Fragile, (2 … work as a technology consultant for Accenture and through various roles in audit, financial, and investment management at …