Political Uncertainty and Corporate Investment Cycles

By Brandon Julio, Youngsuk Yook. 2012

1,874 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/abd1f3aa54881a41fc5f190701a4ee4deed21b07

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Citations in the corpus

Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (2013, neutral): “We then explore variation across countries and elections and finish with an examination of foreign portfolio investment flows around election cycles.”
What Affects Innovation More: Policy or Policy Uncertainty? (2017, positive): “In a series of papers, Julio and Yook (2012), (2016) find that during election years, firms reduce capital expenditures as well as foreign direct investment flows to foreign affiliates, as compared to nonelection years.”
Politicians and the IPO decision: The impact of impending political promotions on IPO activity in China (2014, background): “More generally, our paper adds to a growing literature on the impact that local political processes have on corporate decisions globally (e.g., Julio and Yook, 2012).”
Wait-and-See: Investment Options Under Policy Uncertainty (2016, neutral): “A notable exception is Julio and Yook (2012), who look at cross-country evidence on business investment and election cycles.”
The Bright Side of Political Uncertainty: The Case of R&D (2015, methodology): “To investigate the role of political regime, we follow Julio and Yook (2012) and estimate an augmented version of the baseline R&D regression model:”
Financial regulation policy uncertainty and credit spreads in the US (2014, background): “Empirical evidence presented by Leduc and Liu (2013), and Caggiano, Castelnuovo and Groshenny (2013) shows that uncertainty shocks in the U.”
Economic policy uncertainty and corporate investment: Evidence from China (2014, background): “More recent studies find that the drop in corporate investment expenditures during the recent global financial crisis is attributable to the increasing uncertainty in policies (Baker et al., 2013; Gulen and Ion, 2013; Julio and Yook, 2012; Durnev, 2012).”
The Real Effects of Government‐Owned Banks: Evidence from an Emerging Market (2014, background): “Previous research (Julio and Yook (2012)) provides evidence that political uncertainty influences firms’ investment decisions.”
Economic policy uncertainty and firm investment: evidence from the U.S. market (2019, background): “…of GDP in percentage terms), inflation (INF in percentage terms), and crises (see, for example, Archibugi, Filippetti, and Frenz 2013; Baum, Caglayan, and Talavera 2010; Byrne and Davis 2004; Heshmati and Loof 2008; Julio and Yook 2012; Kadapakkam, Kumar, and Riddick 1998; Kahle and Stulz 2013).”
CEO Investment cycles (2016, methodology): “For estimates of the effect of political uncertainty on investment, we rely on Julio and Yook (2012), and for estimates of the effect of financial constraints on investment, on Hoberg and Maksimovic (2015).”
Measuring Economic Policy Uncertainty (2016, neutral): “Working papers reflect the views of the authors and not the views of the Hoover Institution.”
Economic Policy Uncertainty And Corporate Cash Holdings (2017, positive): “Therefore, firms that delay their ex-post investment may strategically hold more cash (from their internally generated cash flows) to take advantage of any rising profitable opportunities in the subsequent period when some or all of the policy uncertainty is resolved (Julio and Yook, 2012).”