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 … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …

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 …

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 …

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 standarddeviation increase in Brexit uncertainty …

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 …

between investment and uncertainty across and within countries. For example, while investment in France, Italy and Spain … structural vector autoregression model to study the relationship between different sources of uncertainty and investment in … machinery and equipment as a proxy for business investment. We document strong heterogeneity and asymmetries in the relationship …

between investment and uncertainty across and within countries. For example, while investment in France, Italy and Spain … structural vector autoregression model to study the relationship between different sources of uncertainty and investment in … machinery and equipment as a proxy for business investment. We document strong heterogeneity and asymmetries in the relationship …

investment from policy uncertainty present an opportune window for laggards to challenge and overtake leaders. We present … level of innovation and investment declines. This study introduces competitive interactions as a novel microeconomic channel … through which uncertainty affects investment and competitive dynamism beyond prior considerations of the real options effect …