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), Episcopos (1995), and Abel et al. (1996), suggest an important linkage between the effect of uncertainty on investment and the … of investment irreversibility. A simple empirical illustration is provided by using pooled annual data for 12 OECD …
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investment and hold more cash under the influence of the COVID-19 pandemic …
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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 …
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