Carruth, A.A. and Henley, A. and Dickerson, A.P. (2003) Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence. Economics Letters, 78 (1). pp. 87-92. ISSN 0165-1765.
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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.
| Item Type: | Article |
|---|---|
| Uncontrolled keywords: | investment; uncertainty; irreversibility |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculties > Social Sciences > School of Economics |
| Depositing User: | C. Hudson |
| Date Deposited: | 19 Dec 2007 18:17 |
| Last Modified: | 04 May 2012 14:23 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/501 (The current URI for this page, for reference purposes) |
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