Xu, Liping; Wang, Jingwei; Yu, Xin - In: China journal of accounting research : CJAR 3 (2010), pp. 131-157
This paper empirically investigates the relation between uncertainty and investment among China's listed companies, and … between total firm uncertainty and investment in China's listed companies. However, this holds only for privately controlled … government-controlled ones, investment is positively related to market uncertainty. We also find that the risk-taking preference …