Uncertainty determinants of firm investment

C.F. Baum; M. Caglayan; O. Talavera

doi:10.1016/j.econlet.2007.05.004

Uncertainty determinants of firm investment

C.F. Baum, M. Caglayan, O. Talavera

Economics

Research output: Contribution to journal › Article › peer-review

44 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 language	English
Pages (from-to)	282-287
Journal	Economics Letters
Volume	98
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2007.05.004
Publication status	Published - 2008

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Uncertainty determinants of firm investment

Abstract

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