What Do We Know about Investment under Uncertainty

By Alan A. Carruth, Andrew Dickerson, Andrew Henley. 2000

520 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f5364e830810b5696dca4bb95be9ca994e3c55c5

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Citations in the corpus

Some Stylized Facts on the Finance-Dominated Accumulation Regime (2008, unknown): “However, uncertainty is hard to measure and estimation results from the existing literature are not conclusive enough to suggest a clear order of magnitude of the effect (Carruth et al. 2000).”
Duration Analysis of Venture Capital Staging: A Real Options Perspective (2008, unknown): “Such market price-based measures have a distinct advantage in that they arguably capture all the relevant sources of market uncertainty ( Carruth et al., 2000 ).”
Entry in the Presence of Dueling Options (2004, background): “…factors may help to explain why some firms enter and others do not in the face of similar industry characteristics, an issue that has not been satisfactorily resolved in either the real options literature (Carruth et al., 2000) or in work on early mover advantages (Lieberman and Montgomery, 1998).”
On Measuring Uncertainty and its Impact on Investment: Cross-Country Evidence from the Euro Area (2017, background): “…five uncertainty measures on investment activity, we focus on the four largest euro-area economies: Germany, France, Italy, and 1Note that the relationship between uncertainty and investment is theoretically ambiguous in general (see, e.g., Carruth, Dickerson, and Henley, 2000, for an overview).”
Uncertainty and disagreement in economic prediction : the Bank of England Survey of External Forecasters (2008, unknown): “Direct measures are relatively rare; moreover typically there is no consensus about the appropriate way to proxy uncertainty in an empirical formulation , as Carruth et al. (2000, p. 133) conclude in their review of the literature on investment under uncertainty. There are exceptions, however, in pa”
Business R&D and the Interplay of R&D Subsidies and Product Market Uncertainty (2007, methodology): “…market’s seller concentration using the Herfindahl index based on shares of market sales, ln(HHI).6 Capital intensity (KAPINT) is measured as physical assets (in million DM) 5 In the literature, researchers have used a variety of measures of uncertainty (see Carruth et al. 2000, and Bulan 2005).”