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

Carruth, Alan and Henley, Andrew and Dickerson, Andrew (2003) Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence. Economics Letters, 78 (1). pp. 87-92. ISSN 0165-1765. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

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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: 14 May 2014 10:27
Resource URI: https://kar.kent.ac.uk/id/eprint/501 (The current URI for this page, for reference purposes)
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