of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change … measure uncertainty about profits and technological change, while the latter enables us to obtain information on the industry …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits, and technological … allows us to measure uncertainty about profits and technological change, while the latter enables us to obtain information on … uncertainty have significantly lower variability of the number of firms; and (2) these relationships are non-linear as suggested …

uncertainty may be important determinants of the degree of volatility of the number of firms. We also control for other factors … the five-yearly Census of Manufactures. This allows us to construct measures of uncertainty about profits, sunk capital … uncertainty have significantly lower endemic volatility of the number of firms and establishments; and (2) these relationships are …

This paper studies the relation between the uncertainty of volatility, measured as the volatility of volatility, and … future delta-hedged equity option returns. We find that delta-hedged option returns consistently decrease in uncertainty of … option dealers charge a higher premium for single-name options with high uncertainty of volatility, because these stock …

Stocks with high uncertainty about risk, as measured by the volatility of volatility (vol-of-vol), robustly … underperform stocks with low uncertainty about risk by 10 percent per year. This vol-of-vol effect is distinct from (combinations … that uncertainty about risk is highly relevant for stock prices …

We study the trading behavior of short sellers in the presence of economic policy uncertainty (EPU). Daily short … interest under high political uncertainty is from shorting stocks characterized by higher mispricing, greater policy …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change … measure uncertainty about profits and technological change, while the latter enables us to obtain information on the industry …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about …