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In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outcomes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ …
Persistent link: https://www.econbiz.de/10014057062
investment. The decline in investments increases in the degree of external financial constraints faced by firms, with the effect …-level liquidity as a necessary catalyst in linking investment plan revisions and uncertainty – without sufficient cash reserves, the …
Persistent link: https://www.econbiz.de/10012851744
corporate investment decisions and how this impact varies across countries having better governance quality. To achieve the … reveals an inverse relationship between EPU and corporate investment while a direct relationship between governance quality … and corporate investment. In addition to individual impact, better governance quality can mitigate the magnitude of the …
Persistent link: https://www.econbiz.de/10014500430
We construct a new index of uncertainty — the World Uncertainty Index (WUI) — for 143 individual countries on a quarterly basis from 1996 onwards. This is defined using the frequency of the word “uncertainty” in the quarterly Economist Intelligent Unit country reports. Globally, the...
Persistent link: https://www.econbiz.de/10012908757
We consider several economic uncertainty indicators for the United States and the UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about future business...
Persistent link: https://www.econbiz.de/10012251406
Following the 2007-2009 global recession, economic policy uncertainty and its effect on economic recovery has become an issue of interest in academic, media as well as policy-making circles (Baker et al., 2013). Given this backdrop, we investigate causality between economic policy uncertainty in...
Persistent link: https://www.econbiz.de/10013029078
fraction of their market value and have also reduced hiring and investment. In addition to Brexit uncertainty (the second …
Persistent link: https://www.econbiz.de/10012843867
We propose a text-based method for measuring and analyzing the international propagation of uncertainty shocks at the firm level. We apply this method to estimate the impact of Brexit-related uncertainty and find widespread reverberations on listed firms in 81 countries. International firms most...
Persistent link: https://www.econbiz.de/10013238604
Theory as well as empirics suggest that both the level and the volatility of uncertainty impact important economic variables. There is a need to extend models of uncertainty to the volatility of uncertainty. We analyse the dynamics of the Economic Policy Uncertainty index developed by (Baker et...
Persistent link: https://www.econbiz.de/10013323381