Recent theoretical developments relating to investment under uncertainty have highlighted
the importance of irreversibility for the timing of investment expenditures and their expected …

I examine the link between political uncertainty and firm investment using US gubernatorial
elections as a source of plausibly exogenous variation in uncertainty. Investment declines …

This paper estimates the response of investment to changes in uncertainty using data on oil
drilling in Texas and the expected volatility of the future price of oil. Using a dynamic model …

The theoretical relationship between investment and uncertainty is ambiguous. This paper
briefly surveys the insights that theory has to offer and then runs a series of simple tests …

We examine how uncertainty affects firms' internationalization choices. We begin by
unveiling a new empirical regularity: using a unique dataset that allows us to study the …

We examine the extent to which uncertainty delays investment, and the effect of competition
on this relationship, using a sample of 1214 condominium developments in Vancouver …

This paper investigates real options behavior in capital budgeting decisions using a firm-
level panel data set of US companies in the manufacturing sector. Specifically, this paper …

We investigate the following important questions in international business. How do
multinational enterprises (MNEs) choose ownership strategies when facing strong …

We provide evidence that institutions have a strong influence over where oil and gas
exploration takes place. We utilise a global data set on the location of exploration wells and …

We analyze the optimal investment decisions of heterogeneous firms in a competitive,
uncertain environment, characterizing firms' investment strategies explicitly and deriving …