, uncertainty reduces corporate investment and employment. Using a novel firm-level measure of cash flow uncertainty, we find … empirically that uncertainty has a strong negative impact on corporate employment and investment in both tangible and intangible …, investment in tangibles would increase by 1.54%, and investment in intangibles would increase by1.29%. Our findings are robust to …

Tradition auf. In der jüngeren Vergangenheit erlebte die Frage angesichts neuer Reformvorschläge in den USA (2002) und in …