Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence. (Q1853717): Difference between revisions
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Latest revision as of 10:59, 30 July 2024
scientific article
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English | Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence. |
scientific article |
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Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence. (English)
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22 January 2003
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This paper presents evidence on the prediction that the impacts of firm-specific and industry-wide uncertainty on investment will be different. Results show that these work in opposing directions and that the effect of industry-specific uncertainty is stronger in concentrated industries.
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Investment
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Uncertainty
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Irreversibility
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