Building on a literature that underscores the value of delaying investment in the face of uncertainty, we study how … policy uncertainty in fifteen large economies affects trade flows into these countries. We show that high levels of … uncertainty in destination markets are associated with significantly lower exports to those markets. Furthermore, consistent with …

This experimental study is concerned with the impact of the timing of the resolution of risk onpeople's willingness to … inferred from decisions regarding hypothetical choiceproblems, we had participants put their own money at risk in a real … investment task. Moreover,emotions were explicitly measured, including anticipatory emotions experienced during the waitingperiod …

dispersion of idiosyncratic investment returns. An increase in uncertainty delays cross-border flows to the affected country. Yet …This paper studies the impact of uncertainty on cross-border investments. We build a data set of firm-level outward … Foreign Direct Investments between 2000 and 2015. We create a time and country varying measure of uncertainty based on the …

We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …. Overlevered firms facing high uncertainty converge to their targets substantially faster, whereas their counterparts facing low …

This paper examines whether tax uncertainty can alter investment decisions, focusing primarily on the timing of large … tax uncertainty, finding that, on average, firms responded by delaying large capital investments. This effect is stronger …, we find managers buffer against higher tax uncertainty with cheaper sources of financing or cash, leading to an …

This paper investigates whether and how economic policy uncertainty affects corporate debt maturity. Using a cross … uncertainty is significantly associated with a shortened debt maturity. Specifically, a 1% increase in economic policy uncertainty …, the impacts of economic policy uncertainty are stronger for innovation-intensive firms. We use firms' flexibility in …

The authors show that there is a negative relationship between economic policy uncertainty (EPU) and firm …

This paper investigates whether and how economic policy uncertainty affects corporate debt maturity. Using a large firm …-level dataset for four European countries, we find that an increase in economic policy uncertainty is significantly associated with … investment and steepened term structure as the transmission mechanisms. …

We use text mining tools to extract a measure of economic policy uncertainty perceived by individual Chinese listed … across sectors in accordance with our intuitions. The dispersion of the perceived economic policy uncertainty measure rises … significantly when the aggregate uncertainty goes high. The variation of this measure comes mainly from sector levels. Firms …