This paper examines the causes of the exceptionally marked fall in non-construction investment in Italy since 2007. Non …-financial private services were the main driver of the decline in the aggregate investment rate, but all sectors weighed in negatively …; the reallocation of value added away from industry was a further drag on investment. In concordance with survey findings …

This paper develops a model of investment decisions in which uncertainty about a one-time change in tax policy induces … exploits the tabled projects, generating a temporary investment boom …

We study how investors' preferences for robustness influence corporate investment, financing, and compensation … ambiguity aversion lowers Tobin’s q, the average investment, and investment volatility. The entrepreneur values the project at …

We study how investors' preferences for robustness influence corporate investment, financing, and compensation … ambiguity aversion lowers Tobin's q; the average investment, and investment volatility. The entrepreneur values the project at …