References
- Abel , A. B. , Dixit , A. K. , Eberly , J. C. and Pindyck , R. S. 1996 . Options and the value of capital and investment . Quarterly Journal of Economics , 111 : 753 – 77 .
- Abel , A. B. and Eberly , J. C. 1999 . The effect of irreversibility and uncertainty on capital accumulation . Journal of Monetary Economics , 44 : 339 – 77 .
- Baum , C. F. , Caglayan , M. , Ozkan , N. and Talavera , O. 2006 . The impact of macroeconomic uncertainty on non-financial firms’ demand for liquidity . Review of Financial Economics , DOI:10.1016/j.rfe.2006.01.002.
- Blanchard , O. J. and Fischer , S. 1989 . Lectures on Macroeconomics , Cambridge, MA : The MIT Press .
- Bo , H. and Lensink , R. 2005 . Is the investment-uncertainty relationship nonlinear? An empirical analysis for the Netherlands . Economica , 72 : 307 – 31 .
- Butzen , P. , Fuss , C. and Vermeuulen , P. 2001 . “ The impact of uncertainty on investment plans: a survey data approach ” . In Firms’ Investment and Finance Decisions: Theory and Empirical Methodology , Edited by: Butzen , P. and Fuss , C. 227 – 52 . Cheltenham : Edward Elgar, Banque National de Belgique .
- Caballero , R. J. and Engel , E. 1999 . Explaining investment dynamics in US manufacturing: a generalized (S,s) approach . Econometrica , 67 : 783 – 826 .
- Carruth , A. , Dickerson , A. and Henley , A. 2000 . What do we know about investment under uncertainty? . Journal of Economic Surveys , 14 : 119 – 36 .
- De Menil , G. and Bhalla , S. 1975 . Direct measurement of popular price expectations . American Economic Review , 65 : 169 – 80 .
- Dixit , A. and Pindyck , R. 1994 . Investment Under Uncertainty , Princeton : Princeton University Press .
- Driver , C. 2008 . Varieties of Governance . Recherches Économiques de Louvain, Louvain Economic Review , 74 : 425 – 53 .
- Driver , C. and Temple , P . 2008 . Why do hurdle rates differ from the cost of capital? . Cambridge Journal of Economics. , DOI:10.1093/cje/bep013.
- Driver , C. , Temple , P. and Urga , G. 2005 . Profitability, capacity, and uncertainty: a model of UK manufacturing investment . Oxford Economic Papers , 57 : 120 – 41 .
- Driver , C. , Temple , P. and Urga , G. 2006 . Contrasts between types of assets in fixed investment equations as a way of testing real options theory . Journal of Business & Economic Statistics , 24 : 432 – 43 .
- Driver , C. , Temple , P. and Urga , G. 2008 . Real options – delay vs. pre-emption: Do industrial characteristics matter? . International Journal of Industrial Organization , 26 : 532 – 45 .
- Driver , C. and Urga , G. 2004 . Transforming Qualitative Survey Data: performance comparisons for the UK . Oxford Bulletin of Economics and Statistics , 66 : 71 – 89 .
- Driver , C. and Whelan , B. 2001 . The effect of business risk on manufacturing investment: sectoral survey evidence from Ireland . Journal of Economic Behavior & Organization , 44 : 403 – 12 .
- Engle , R. F. 1983 . Estimates of the variance of US inflation based upon the ARCH model . Journal of Money, Credit and Banking , 15 : 286 – 301 .
- Fuchs , V. R. , Krueger , A. B. and Poterba , J. M. 1998 . Economists’ views about parameters, values, and policies: survey results in labor and public economics . Journal of Economic Literature , 36 : 1387 – 425 .
- Giordani , P. and Soderlind , P. 2003 . Inflation Forecast Uncertainty . European Economic Review , 47 : 1037 – 59 .
- Henley , A. , Carruth , A. and Dickerson , A. 2003 . Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence . Economics Letters , 78 : 87 – 92 .
- Krafft , J. , Qu , Y. and Ravix , J.-L. 2008 . Corporate governance, industry dynamics and firms performance: an empirical analysis of a best-practice model . Recherches Economiques de Louvain , 74 : 455 – 78 .
- Pagan , A. and Ullah , A. 1988 . The econometric analysis of models with risk terms . Journal of Applied Econometrics , 3 : 87 – 105 .
- Pitelis , C. N. and Teece , D. J. 2009 . The (new) nature and essence of the firm . European Management Review , 6 : 5 – 15 .
- Taylor , J. B. 1982 . The Swedish investment funds system as a stabilisation policy rule . Brookings Papers on Economic Activity , 1 : 57 – 105 .
- Zarnowitz , V. and Lambros , L. A. 1987 . Consensus and uncertainty in economic prediction . Journal of Political Economy , 95 : 591 – 621 .