firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

development, and investors' investment propensity. We ran artefactual field experiments with two participant pools (finance … professionals and students) that had to take investment decisions, differing in (i) the direction of the shock (down, up, straight … stock. Furthermore, we show that investment propensity is negatively associated with the direction of the shock and …

investment decisions play with regard to business cycle fluctuations.<br><br>However, the inclusion of real option values in … crisis. Within a partial investment model, two kinds of uncertainty are introduced: volatility and disaster risk. The article … expands the literature by integrating a jump-diffusion process into an entry-exit framework for investment decisions. In …