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Business-Level Expectations and Uncertainty
Bloom, Nicholas - 2017
The Census Bureau's 2015 Management and Organizational Practices Survey collected innovative 5-bin data on own future outcomes and probabilities for shipments, employment, capital and materials expenditures at 35,000 manufacturing plants. About 85% of plants provide logically sensible responses...
Persistent link: https://www.econbiz.de/10012941645
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Pandemic-era uncertainty on Main Street and Wall Street
Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, … - 2021
We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty at one-year lookahead horizons. That is, the...
Persistent link: https://www.econbiz.de/10012416311
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Surveying business uncertainty
Altig, David; Barrero, Jose Maria; Bloom, Nicholas; … - 2019
We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...
Persistent link: https://www.econbiz.de/10012020039
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Investment and Subjective Uncertainty
Bloom, Nicholas; Davis, Steven J.; Foster, Lucia; … - 2022
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by the U.S. Census Bureau for approximately 25,000...
Persistent link: https://www.econbiz.de/10014240723
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Business-Level Expectations and Uncertainty
Bloom, Nicholas; Davis, Steven J.; Foster, Lucia; … - 2020
The Census Bureau’s 2015 Management and Organizational Practices Survey (MOPS) utilized innovative methodology to collect five-point forecast distributions over own future shipments, employment, and capital and materials expenditures for 35,000 U.S. manufacturing plants. First and second...
Persistent link: https://www.econbiz.de/10014090028
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Business and Climate Change : Key Challenges in the Face of Policy Uncertainty and Economic Recession
Kolk, Ans; Pinkse, Jonatan - 2009
that expires in 2012. In bail-out plans and policies to address the economic recession and credit crisis, climate aspects …
Persistent link: https://www.econbiz.de/10014046388
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Investment and Subjective Uncertainty
Bloom, Nicholas; Davis, Steven J.; Foster, Lucia; … - 2022
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers’ subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by the U.S. Census Bureau for approximately 25,000...
Persistent link: https://www.econbiz.de/10014242339
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Consumption risk sharing over the business cycle : the role of small firms' access to credit markets
Hoffmann, Mathias; Stewen, Iryna - 2009
firms' access to credit markets plays an important role in explaining this stylized fact: business cycle fluctuations in … addition, better access of small firms to credit markets in the wake of state-level banking deregulation during the 1980s seems … better access to credit markets may have made it easier for the owners of small firms to smooth income in the face of adverse …
Persistent link: https://www.econbiz.de/10003807913
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Real Option, Idiosyncratic Risk, and Corporate Investment : Evidence from Taiwan Family Firms
Chen, I‐Ju - 2018
We examine the relation between family presence and corporate investment policy. Our analysis centers on two incentives that potentially lead to differences in investment policy between family firms and nonfamily firms: family owners' risk aversion and their real option to invest. Our findings...
Persistent link: https://www.econbiz.de/10012916515
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Economic policy uncertainty, financial leverage, and corporate investment : evidence from U.S. firms
Almustafa, Hamza; Jabbouri, Imad; Ploypailin Kijkasiwat - In: Economies : open access journal 11 (2023) 2, pp. 1-19
This paper examines the effect of economic policy uncertainty (EPU) on firm-level investment and corporate financial leverage. The panel data of 1072 firms traded on the New York Stock Exchange (NYSE), New York Stock Exchange Market (NYSE MKT) (formerly known as American Stock Exchange-AMEX), or...
Persistent link: https://www.econbiz.de/10014230603