between firm-level capital investment and the aggregate level of uncertainty associated with future policy and regulatory … outcomes. More importantly, we find evidence that the relation between policy uncertainty and capital investment is not uniform … in the cross section, being significantly stronger for firms with a higher degree of investment irreversibility and for …

reveals an inverse relationship between EPU and corporate investment while a direct relationship between governance quality … adverse impact of EPU on corporate investment. Better governance can diversify the negative impacts of EPU by protecting … it reinforces the significance of better governance in disentangling the adverse impacts of EPU on corporate investment. …

The authors show that there is a negative relationship between economic policy uncertainty (EPU) and firm … overinvestment, the authors examine how free cash flow influences the sensitivity of overinvestment to EPU. The authors find that a … high level of free cash flow attenuates the negative effect of EPU on overinvestment. The authors find that there is no …

The aim of this paper is to investigate the effect of policy uncertainty on firms' investment decisions. We focus on … Spain for the period 1998-2014. To measure policy-related uncertainty, we use a new macroeconomic indicator constructed for … this country. We find strong evidence that policy uncertainty reduces corporate investment. Furthermore, the heterogeneous …

This article explores the economic effects of checks and balances on corporate investment and employment. I use U … political agenda. I find that both public and private firms respond to the political cycle by reducing investment and hiring … when government becomes unified. Investment drops by three to five percent in the year following an election resulting in …

(EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … focus on Spain for the period 1998-2014. To measure policy-related uncertainty, we borrow the economic policy uncertainty …

between investment and uncertainty across and within countries. For example, while investment in France, Italy and Spain …We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning … components of overall EPU endogenously for a wide range of languages. The uncertainty indices computed from January 2000 to May …

that economic policy uncertainty has a negative impact on firm-level investment in South Africa. Firms' investment … reduce their investment by much more than large firms in response to increased policy uncertainty. The relationship between …

We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standard-deviation increase in Brexit uncertainty …