firm-level capital investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm … expenditure and debt issuance even after controlling for investment demand. Moreover, the negative effect of uncertainty on … presence of financial frictions, high price uncertainty has significant dampening effects on capital investment of small firms …

as applied in the evaluation of investment projects to analyse and assess risk. The first part of the paper highlights … the importance of risk analysis in investment appraisal. The second part presents the various stages in the application of … application including investment decision criteria and various measures of risk based on the expected value concept. The final …

Using a news-based index of aggregate policy uncertainty in the US economy, we document a strong negative relation … between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … CEOs manage the potential effects that policy uncertainty may have on their wealth by adjusting their portfolios' exposure …

setting with endogenous uncertainty leads to more stringent climate policy recommendations (increasing the CO2 control rate by …, and one that has not yet been well incorporated into economic models for climate change policy analysis. This paper … demonstrates a multistage stochastic programming framework for catastrophe modeling with endogenous uncertainty, applied to a …