Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence

Andrew Henley, Alan Carruth, Andy Dickerson

Research output: Contribution to journalArticlepeer-review

14 Citations (SciVal)

Abstract

This paper presents evidence on the prediction that the impacts of firm-specific and industry-wide uncertainty on investment will be different. Results show that these work in opposing directions and that the effect of industry-specific uncertainty is stronger in concentrated industries.
Original languageEnglish
Pages (from-to)87-92
Number of pages6
JournalEconomics Letters
Volume78
Issue number1
DOIs
Publication statusPublished - 01 Jan 2003

Keywords

  • Investment
  • Uncertainty
  • Irreversibility

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