Does Uncertainty Affect Corporate Investment Decisions? Evidence from Turkish Firms
نویسندگان
چکیده
In this study, we analyse the impact of uncertainty on corporate investment 164 Turkish manufacturing firms. The time covers period from 2005 to 2019. Our results reveal that there is a negative association between and uncertainty. Under uncertainty, firms opt decline their investment. Additionally, financially constrained (non-dividend payers) are negatively affected more than unconstrained use alternative measurements ensures validity our results. Policymakers should deal with implement economic policies decrease country’s risk premium.
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ژورنال
عنوان ژورنال: Asian Academy of Management Journal of Accounting and Finance
سال: 2022
ISSN: ['1823-4992', '2180-4192']
DOI: https://doi.org/10.21315/aamjaf2022.18.2.5