English, Article, Journal or magazine article edition: On the Investment Sensitivity of Debt under Uncertainty Christopher F. Baum; Mustafa Caglayan; Oleksandr Talavera

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Bookmark: http://trove.nla.gov.au/version/73260
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the Investment Sensitivity of Debt under Uncertainty
Author
  • Christopher F. Baum
  • Mustafa Caglayan
  • Oleksandr Talavera
Physical Description
  • preprint
Notes
  • We investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavior as the underlying firm-specific and macroeconomic uncertainty changes. Our estimates show that the influence of leverage on capital investment may be stimulating or mitigating depending on the effects of uncertainty.
  • RePEc:boc:bocoec:686
Language
  • English
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