Title of article :
Uncertainty determinants of firm investment
Author/Authors :
Christopher F. Baum، نويسنده , , Mustafa Caglayan، نويسنده , , Oleksandr Talavera، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
Abstract :
We investigate the impact of measures of uncertainty on firmsʹ 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
Keywords :
Capital investment , Asymmetric information , Financial frictions , Uncertainty , CAPM
Journal title :
Economics Letters
Journal title :
Economics Letters
