Uncertainty Determinants of Firm Investment

• – 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 impact on investment spending, while market-based uncertainty has a positive impact.

• – WP646

• – Working Papers in Economics

• – 2006-07-28

• – eScholarship at Boston College

• – Baum, Christopher F.
• – Caglayan, Mustafa
• – Talavera, Oleksandr

• – application/pdf

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