Uncertainty determinants of firm investment

Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera

    Research output: Contribution to journalArticle

    39 Citations (Scopus)

    Abstract

    We investigate the impact of measures of uncertainty on firms' capital investment behavior using a panel of U.S. firms. Increases in firm-specific and CAPM-based measures have a significant negative effect on investment spending, while market-based uncertainty has a positive impact.
    Original languageEnglish
    Pages (from-to)282-287
    JournalEconomics Letters
    Volume98
    Issue number3
    DOIs
    Publication statusPublished - 1 Mar 2008

    Fingerprint Dive into the research topics of 'Uncertainty determinants of firm investment'. Together they form a unique fingerprint.

    Cite this