دانلود رایگان مقاله لاتین سرمایه گذاری شرکت و مقررات از سایت الزویر
عنوان فارسی مقاله:
سرمایه گذاری شرکت های بزرگ و مقررات زیست محیطی: نقش عدم قطعیت قانونی، عدم اطمینان ناشی از مقررات، و تاریخ سرمایه گذاری
عنوان انگلیسی مقاله:
Corporate investments and environmental regulation: The role of regulatory uncertainty, regulation-induced uncertainty, and investment history
سال انتشار : 11
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بخشی از مقاله انگلیسی:
2. Literature review: uncertainty and corporate
investments in an environmental policy context The question of how uncertainty affects corporate investment decisions has been the subject of a large number of empirical and theoretical studies. While uncertainty can stem from a number of different sources, a considerable amount of research focuses on how environmental regulations impact firms' decisions. The debate has yielded two opposing views with some scholars arguing that uncertainty discourages firms from investing, while others suggest the uncertainty encourages investment. The general intuition underlying the former perspective is that, if the outcome of a process is uncertain and potentially detrimental for a company, the option value of waiting to invest increases, which rationally compels the company to postpone investments until uncertainty is partly or fully resolved (Bernanke, 1983; Dixit & Pindyck, 1994). This holds under the assumptions that (a) investments are at least partly irreversible and therefore involve sunk costs, and that (b) firms are flexible when it comes to the timing of their investments (e.g., Dixit & Pindyck, 1994; Pindyck, 1991b).
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کلمات کلیدی:
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