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Aggregate Return on Investment for Investments under Uncertainty

Magni, Carlo Alberto - 2017

which, compared with the risk-adjusted cost of capital, correctly signals wealth creation. For choosing between two mutually … exclusive projects, we derive an incremental AROI and an incremental risk-adjusted cost of capital, by means of which two … unequal-risk projects can be correctly compared. Iterating the incremental procedure, we show that the AROI approach correctly …

Persistent link: https://www.econbiz.de/10012973932

Policy Uncertainty and Corporate Investment

Gulen, Huseyin - 2017

Using the policy uncertainty index of Baker, Bloom, and Davis (2013), we document a strong negative relationship 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...

Persistent link: https://www.econbiz.de/10012974775

Pandemic-era uncertainty

Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022

national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …

Persistent link: https://www.econbiz.de/10013186704

Sources of uncertainty and their impact on stock prices evidence from emerging economies

Nazir, Noman; Bashir, Zahid; Izhar, Syed Usman; … - In: Financial internet quarterly 19 (2023) 2, pp. 49-64

This study investigates the short- and long-term effects of various sources of uncertainty on the share prices of key exchanges in emerging nations. The sample comprises monthly time series data from January 2017 to December 2021 for China, India, Russia, and Brazil. The study contains a version...

Persistent link: https://www.econbiz.de/10014330079

The Real Effects of Sentiment and Uncertainty

Birru, Justin; Young, Trevor - 2023

, and investment measures. We also document similar effects for aggregate equity issuance. Consistent with theory, we find …

Persistent link: https://www.econbiz.de/10014350126

Heterogeneous effect of uncertainty on corporate investment : evidence from listed Korean firms

Kim, Cheonkoo; Park, Jungsoo; Park, Donghyun; Tian, Shu - In: International journal of empirical economics 2 (2023) 4, pp. 1-26

In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and that the effect is heterogeneous across firms of...

Persistent link: https://www.econbiz.de/10014491718

Investment, financial markets, and uncertainty

Arestis, Philip; González, Ana Rosa; Dejuán, Óscar - 2012

considered: equities and bonds. This choice permits us to account for two extreme alternative possibilities: taking risk in the …

Persistent link: https://www.econbiz.de/10009783516

Investment, Financial Markets, and Uncertainty

Arestis, Philip - 2012

considered: equities and bonds. This choice permits us to account for two extreme alternative possibilities: taking risk in the …

Persistent link: https://www.econbiz.de/10013096197

Explaining the Recent Slump in Investment : The Role of Expected Demand and Uncertainty

Bussière, Matthieu - 2015

The recent weakness in business investment among advanced economies has revived interest in investment models and opened a debate on the main drivers of the "investment slump" and what the policy response should be – if any. In particular, it is essential to assess precisely whether the...

Persistent link: https://www.econbiz.de/10013014633

On the Sensitivity of Firms' Investment to Cash Flow and Uncertainty

Baum, Christopher F. - 2010

and S&P 500 index returns along with a CAPM-based risk measure. Our results indicate that even in the presence of …

Persistent link: https://www.econbiz.de/10013146245