The Effect of Uncertainty on Investment: Evidence from Texas Oil Drilling
收藏NBER2010-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16541
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资源简介：
Despite widespread application of real options theory in the literature, the extent to which firms actually delay irreversible investments following an increase in the uncertainty of their environment is not empirically well-known. This paper estimates firms' responsiveness to changes in uncertainty
提供机构：
美国国家经济研究局
创建时间：
2010-11-01
