Aufsätze referiert extern - Web of Science
Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
In: Economics Letters 98 (2008), 3, S. 282-287
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
Topics: Firms, Business cycles, Financial markets