Uncertainty determinants of firm investment

Baum, Christopher F., Caglayan, Mustafa and Talavera, Oleksandr (2008) Uncertainty determinants of firm investment. Economics Letters, 98 (3). pp. 282-287.

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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.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences > School of Economics
Depositing User:	Gina Neff
Date Deposited:	16 Nov 2010 15:59
Last Modified:	30 Jun 2023 10:30
URI:	https://ueaeprints.uea.ac.uk/id/eprint/10920
DOI:	10.1016/j.econlet.2007.05.004

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