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The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Policy Uncertainty and Corporate Investment

Open access
Gulen, Huseyin, Ion, Mihai·2015·Review of Financial Studies
DOI 10.1093/rfs/hhv050
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Abstract

Using a news-based index of policy uncertainty, we document a strong negative relationship between firm-level capital investment and the aggregate level of uncertainty associated with future policy and regulatory outcomes. More importantly, we find evidence that the relation between policy uncertainty and capital investment is not uniform in the cross-section, being significantly stronger for firms with a higher degree of investment irreversibility and for firms that are more dependent on government spending. Our results lend empirical support to the notion that policy uncertainty can depress corporate investment by inducing precautionary delays due to investment irreversibility. Received January 2, 2014; accepted July 27, 2015 by Editor David Denis.

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Metadata

Authors
Gulen, H., & Ion, M.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2015-09-03
Pages
hhv050
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhv050
OpenAlex
W3122090684
Cited by
1,849
References
4
FWCI
121.53
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Policy Uncertainty and Corporate Investment. https://app.cochat.ai/papers/10.1093/rfs/hhv050
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Gulen, H., & Ion, M. (2015). Policy Uncertainty and Corporate Investment. Review of Financial Studies. https://doi.org/10.1093/rfs/hhv050

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.