the literature, our empirical findings reveal a negative impact of firm-specific uncertainty on investment. However …, further results show that the investment response is asymmetric, depending on the size and direction of the forecast error …. The investment propensity declines significantly if the realized situation is worse than expected. However, firms do not …

–2011 affect firms’ investment propensity. Understanding how forecast errors affect firm investment behaviour is key to mitigate … impact of absolute forecast errors on investment. Strikingly, asymmetries arise depending on the size and direction of the … forecast error. The investment propensity declines if the realised situation is worse than expected. However, firms do not …

Private infrastructure investment is often viewed as providing an alternative financing method given a revenue stream … from a transportation facility rather than providing additional revenue. However, private investment in the form of upfront … Norway to preserve wealth originating from natural resources. Following Alaska, we propose that investment income from the …