Uncertainty and Company Investment Dynamics: Empirical Evidence for UK Firms.
This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of uncertainty, as firms place a greater value on the option to wait. Usi...
Autors principals: | Bloom, N, Bond, S, van Reenen, J |
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Format: | Working paper |
Idioma: | English |
Publicat: |
CEPR
2003
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