PL EN


2012 | 60 | 2 | 187 – 209
Article title

INVESTÍCIE, RIZIKO A NEZAMENITEĽNOSŤ INVESTÍCIÍ: PRÍKLAD AUTOMOBILOVÉHO PRIEMYSLU V SLOVENSKEJ REPUBLIKE

Content
Title variants
EN
Investments, uncertainty and irreversibility: Example of the automotive industry in the Slovak Republic
Languages of publication
SK
Abstracts
EN
This paper investigates the irreversibility of investments and their impact on the nature of the relationship between investment and uncertainty. The empirical analysis uses firm – level data and is based on a survey of 53 automotive suppliers, which was carried out during the year 2011. We find supportive evidence for the fact that uncertainty is negatively associated with planned investments of the companies surveyed, which remains true also in the presence of irreversibility. Yet, further investigation of the investment – uncertainty relationship and the role of irreversibility provide support for the view that the negative association between uncertainty and investment increases with the degree of irreversibility. So the degree of irreversibility of investment does influence the effect uncertainty has on planned investment.
Keywords
Contributors
  • Ekonomická univerzita v Bratislave, Národohospodárska fakulta, Katedra financií, Dolnozemská cesta 1, 852 35 Bratislava, Slovak Republic, katarina.belanova@euba.sk
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-5705def0-8a14-42b8-b8e6-648f3609a029
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.