The Differential Impact of Uncertainty on Investment in Small and Large Businesses

By Vivek Ghosal, Prakash Loungani. Review of Economics and Statistics, 2000

323 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6aafe893a5421e3002008f0d3c6593893aeb2b11

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In Accounting

1. Oleksandr Talavera
2. Jhih-Hong Zeng
3. Christopher F. Baum
4. Chien‐Chiang Lee
5. Andreas Stephan
6. Pei‐Fen Chen
7. A. Lasagni
8. Carol Corrado

In Economics and Econometrics

1. Pei‐Fen Chen
2. Chien‐Chiang Lee
3. Oleksandr Talavera
4. Mustafa Onur Çaglayan
5. Jhih-Hong Zeng
6. Christopher F. Baum
7. Fabio Landini
8. Andreas Stephan

In Finance

1. Oleksandr Talavera
2. Mustafa Onur Çaglayan
3. Jhih-Hong Zeng
4. Christopher F. Baum
5. Chien‐Chiang Lee
6. Andreas Stephan
7. Pei‐Fen Chen
8. A. Lasagni

Citations in the corpus

• Uncertainty determinants of corporate liquidity (2008, background): “The literature suggests candidates for macroeconomic uncertainty proxies such as moving standard deviation (see Ghosal and Loungani (2000)), standard deviation across 12 forecasting terms of the output growth and inflation rate in the next 12 month (see Driver and Moreton (1991)).”
• Intangible investment in the EU and US before and since the Great Recession and its contribution to productivity growth (2018, background): “Thirdly, large firms are also capable of facing higher uncertainty as that associated with intangible investments (Ghosal and Loungani, 2000).”
• Economic policy uncertainty and firm investment: evidence from the U.S. market (2019, background): “Intuitively and in most previous studies, uncertainty raises a negative effect on firm investment due to several reasons, such as risk aversion (e.g. Nakamura 1999), irreversibility of investment (e.g. Pindyck 1991; Guiso and Parigi 1999), and financial constraints (e.g. Ghosal and Loungani 2000).”
• Flexibility versus commitment: MNEs’ ownership strategy in China (2010, unknown): “The forecasting equation is a variant of the rational expectations model with a linear trend (Favero, Pesaran, & Sharma, 1994; Ghosal & Loungani, 2000).”
• Intangible assets and firm heterogeneity: Evidence from Italy (2014, background): “Thirdly, it may be argued that large firms are also capable of supporting a greater share of the uncertainty that is associated with intangible assets investments as compared to small firms (Ghosal and Loungani, 2000).”