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Does uncertainty affect corporate investment decisions? Evidence from Turkish firms

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dc.contributor.authorTAN, ÖMER FARUK
dc.contributor.authorCEBECİ, YASİN
dc.contributor.authorGÜNEŞ, NECATİ
dc.contributor.authorsTan Ö. F., Cavlak H., Cebeci Y., Güneş N.
dc.date.accessioned2023-03-08T06:31:19Z
dc.date.accessioned2026-01-11T16:02:25Z
dc.date.available2023-03-08T06:31:19Z
dc.date.issued2022-12-30
dc.description.abstractIn this study, we analyse the impact of uncertainty on the corporate investment of 164 Turkish manufacturing firms. The time covers the period from 2005 to 2019. Our results reveal that there is a negative association between corporate investment and uncertainty. Under uncertainty, firms opt to decline their investment. Additionally, financially constrained (non-dividend payers) firms are negatively affected more than financially unconstrained firms. The use of alternative measurements of uncertainty and investment ensures the validity of our results. Policymakers should deal with the uncertainty and implement economic policies to decrease the country’s risk premium.
dc.identifier.citationTan Ö. F., Cavlak H., Cebeci Y., Güneş N., "DOES UNCERTAINTY AFFECT CORPORATE INVESTMENT DECISIONS? EVIDENCE FROM TURKISH FIRMS", Asian Academy of Management Journal of Accounting and Finance, cilt.18, sa.2, ss.87-107, 2022
dc.identifier.doi10.21315/aamjaf2022.18.2.5
dc.identifier.endpage107
dc.identifier.issn1823-4992
dc.identifier.issue2
dc.identifier.startpage87
dc.identifier.urihttps://avesis.marmara.edu.tr/api/publication/32db5369-f799-402a-939f-e1ade1647114/file
dc.identifier.urihttps://hdl.handle.net/11424/287296
dc.identifier.volume18
dc.language.isoeng
dc.relation.ispartofAsian Academy of Management Journal of Accounting and Finance
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectSosyal ve Beşeri Bilimler
dc.subjectÇalışma Ekonomisi ve Endüstri ilişkileri
dc.subjectÇalışma Ekonomisi
dc.subjectSocial Sciences and Humanities
dc.subjectLabor Economics and Industrial Relations
dc.subjectLabor Economics
dc.subjectSosyal Bilimler (SOC)
dc.subjectEkonomi ve İş
dc.subjectİŞ FİNANSI
dc.subjectSocial Sciences (SOC)
dc.subjectECONOMICS & BUSINESS
dc.subjectBUSINESS, FINANCE
dc.subjectMuhasebe
dc.subjectSosyal Bilimler ve Beşeri Bilimler
dc.subjectFinans
dc.subjectAccounting
dc.subjectSocial Sciences & Humanities
dc.subjectFinance
dc.subjectCorporate investment
dc.subjectTurkey
dc.subjectuncertainty
dc.subjectworld uncertainty index
dc.titleDoes uncertainty affect corporate investment decisions? Evidence from Turkish firms
dc.typearticle
dspace.entity.typePublication

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