The bright side of political uncertainty: The case of R&D

The bright side of political uncertainty: The case of R&D

We examine the relationship between political uncertainty and R&D investment by exploiting the timing of U.S. gubernatorial elections as a source of plausibly exogenous variation in uncertainty. In contrast to the literature documenting negative effects of political uncertainty on real investmen...

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Bibliographic Details
Main Authors: ATANASSOV, Julian, JULIO, Brandon, LENG, Tiecheng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Political uncertainty
R&D
Growth options
Preemption
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6421
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7420/viewcontent/Bright_side_Political_Uncertainity_2015_wp.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6421
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7420/viewcontent/Bright_side_Political_Uncertainity_2015_wp.pdf

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