Uncertainty, Capital Investment, and Risk Management

We use forward-looking and exogenous measures of output price uncertainty to examine the effect of price uncertainty on firm-level capital investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm size. When faced with high price uncertainty, large firms i...

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Vydané v:	Management science Ročník 64; číslo 12; s. 5769 - 5786
Hlavní autori:	Doshi, Hitesh, Kumar, Praveen, Yerramilli, Vijay
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	Linthicum INFORMS 01.12.2018 Institute for Operations Research and the Management Sciences
Predmet:	Capital Capital expenditures capital investment Capital investments Companies Constraints Debt financial frictions Hedges Hedging Hedging (Finance) Influence Investments Management Methods Prices Prices and rates real options Risk management Securities Small business Uncertainty
ISSN:	0025-1909, 1526-5501
On-line prístup:	Získať plný text
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