We study how macroeconomic, firm-level and higher-order uncertainty affects real corporate investment in firms with …-holders are required to file indicating their active or passive status. Our main results are as follows. First, investment is more … all types of uncertainty shocks has a higher negative effect on investment rate for firms held by active block …

This paper examines the effect of economic policy uncertainty (EPU) on firm-level investment and corporate financial … depresses firms' investment decisions and debt financing. Our results are robust when alternative measures of our main variables …

A crucial but often ignored element of inflation expectations is the amount of perceived inflation risk. This paper …