We find that a firm facing higher uncertainty has a higher value of cash. This effect is attributed to the increased …

Using a news-based index of aggregate policy uncertainty in the US economy, we document a strong negative relation … between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … uncertainty is high, CEOs sell more own-firm shares and exercise fewer options, firms are more likely to use financial hedging …

This study investigates the association between media uncertainty and a comprehensive set of corporate decision … uncertainty are more risk-seeking. Media uncertainty is positively associated with future stock return volatility, more risky … investment and higher financial risk. However, media uncertainty is associated with lower capital expenditure and reduced free …