Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence. (Q1853717): Difference between revisions

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Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence.
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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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