Enterprises' investment response to China's carbon regulation policy is essential to the
country's high-quality development. Using a difference-in-differences model, we investigate …

Uncertainty over future business conditions lies at the heart of firm decision-making.
Uncertainty can arise from a myriad of sources and is difficult to measure. We present a …

We study whether firms, whose operational performance is highly sensitive to rainfall
conditions (rain-sensitive firms), follow differential investment strategies to generate value in …

Port capacity investments are large, expensive and uncertain. They also involve long
construction lead times. Therefore, choosing the timing and size of port investments …

Uncertainty in corporate decision-making arises from a variety of factors, ranging from prices
of production inputs to market demand conditions, from technological progress to credit …

This study investigates the effects of uncertainty in time-to-build and regulation, which
hinders immediate revenue generation after investment, on a firm's optimal investment …

Due to the limitations of traditional financial analysis and the non-specificity of laboratory-
based gambling tasks, it is difficult for researchers to isolate the independent contributions of …

Abstract Research Question/Issue: We assess how ownership concentration influences the
sensitivities of expansion investments and maintenance investments to changes in a firm's …

We use mine-level data from the international copper industry to quantify environmental
misallocation. We define this concept as the ratio between the observed carbon dioxide …

Global economic activity is surrounded by increasing uncertainties from various sources. In
this paper, we focus on commodity prices and estimate a global commodity uncertainty …