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 …

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 …

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 …

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 …