use a confidential firm level panel data set (Business Tendency Survey) from Turkey to form three uncertainty measures … on that firm's investment decisions. Ordered probit estimation results show that if a firm makes more expectation errors … -faces more uncertainty- it is more likely to defer investment plans even after controlling the aggregate uncertainty. …

use a confidential firm level panel data set (Business Tendency Survey) from Turkey to form three uncertainty measures … on that firm's investment decisions. Ordered probit estimation results show that if a firm makes more expectation errors … -faces more uncertainty- it is more likely to defer investment plans even after controlling the aggregate uncertainty …

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 …

the parameters that determine the distribution of the expected returns on investment. During a crisis that increases … macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investment may increase, is mostly by informed investors, and as time goes on is progressively more by investors who were …

the parameters that determine the distribution of the expected returns on investment. During a crisis that increases … macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investment may increase, is mostly by informed investors, and as time goes on is progressively more by investors who were …