The overall effect of volatility on investment
Resource
Economics Letters, 99(2), 324-327
Journal
Economics Letters
Pages
324-327
Date Issued
2008
Date
2008
Author(s)
Weifeng Hung
Abstract
We introduce a new channel called random delay effect, through which volatility influences real investment. We show that random delay effect is not negligible in determining the sign of the volatility-investment relationship. © 2007 Elsevier B.V. All rights reserved.
Type
journal article
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