The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

this bias affects corporate investment decisions and firm financial performance, and we test additional predictions derived … discount rate uncertainty is associated with increased firm investment of 6.8%, while profitability decreases by 4.1% …

investment projects under market-independent, fixed FIT schemes become now-or-never decisions and derive FIT thresholds required … to induce investment. We show that uncertainty regarding future regulatory regimes only alters investment behavior for …

This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …