2017. Political uncertainty and investment: Causal evidence from U.S. gubernatorial elections. Journal of Financial Economics 124, 563-579.Jens, Candace E., 2013, Political uncertainty and investment: Causal evidence from U.S. gubernatorial elections, Working paper, Tulane University....
uncertaintyisanimportantchannelthroughwhichthepoliticalprocessaffectsrealeconomicoutcomes.JELClassification:G31;G38∗DepartmentofFinance,LondonBusinessSchool,Regent’sPark,LondonNW14SA,UnitedKingdom;e-mail:bjulio@london.edu;phone:+44(0)2070008254.†SKKGraduateSchoolofBusiness,SungkyunkwanUniversity,53Myung...
Political Uncertainty and Corporate Investment Cycles BRANDON JULIO and YOUNGSUK YOOK? November 5, 2010 ABSTRACT We document cycles in corporate investment corresponding with the timing of national elections around the world. During election years, ?rms reduce investment expenditures by an average of ...
Uncertainty, precautionary saving, and investment: Evidence from prescheduled election cycles corporate savinggubernatorial electionsinvestmentpolitical uncertaintyWe show empirically that firms increase cash holdings starting as early as one year before pre... Candace E. Jens,T. Beau Page - Financial Manag...
摘要: We use M&A deal-level data and gubernatorial elections in a difference-in-difference framework to ask whether political uncertainty alters investment decisi关键词: investment political uncertainty gubernatorial elections mergers and acquisitions ...
Political UncertaintyFirm ValueForeign InvestmentThis study examines the impact of political uncertainty on the long term firm value and performance of a firm, as reflected in the Tobin's q of the firm. We exaSiyong, QuoBoh, Wai FongWu, Anne...
MEXICO CITY, Dec. 3 (Xinhua) -- A mix of political uncertainty and slowing economic growth in Latin America may cause investors to take a more cautious approach to investing in the region in 2018, according to experts. Elections in Brazil, Colombia and Mexico could turn Latin America into ...
Political Uncertainty and Firm Investment: Project-level Evidence from M&A Activity We use merger and acquisition data and gubernatorial elections in the state of headquarters of the acquirer or target to examine the real effects of politi... Z Chen,M Cihan,CE Jens 被引量: 6发表: 2016年 政策...
The latter, by creating uncertainty in the politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related. Since investment is a primary engine of growth, this paper identifies a channel for an inverse relationship between income inequality ...
Exchange Rate Uncertainty, Sociopolitical Instability and Private Investment: Empirical Evidence from Latin America Using exchange rate uncertainty (ERU) and sociopolitical instability (SPI) as measures of macroeconomic imbalances and political disorder, respectively, we... Monica,Escaleras,Dimitrios,... -...