The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …'s investment outlays using the database of the Deutsche Bundesbank's corporate balance sheet statistics. Our database represents …

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …