In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

This article proposes a theory of banking of emission permits under conditions of regulatory uncertainty. Based on a …

This article proposes a theory of banking of emission permits under conditions of regulatory uncertainty. Based on a …

practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping … with uncertainty can prescribe how the boundedly rational decision-maker should proceed from her or his internal point of … view. Though models of substantive rationality cannot serve as guidance for decision-making under uncertainty, we can …

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …

This paper provides empirical evidence on the dynamic effects of uncertainty on firm-level capital accumulation. A … novelty in this paper is that the firm-level uncertainty indicator is motivated and derived from a theoretical model, the …-correction approach is employed. I find a negative effect of uncertainty on capital accumulation, both in the short and the long run. This …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …