TY - JOUR
T1 - The impact of perceived expectations and uncertainty on firm investment
AU - Koetse, Mark J.
AU - Van Der Vlist, Arno J.
AU - De Groot, Henri L.F.
N1 - Funding Information:
This paper is written in the context of the program ‘Stimulating the Adoption of Energy-Efficient Technologies’ funded by the Netherlands Organisation for Scientific Research (NWO) and the Dutch Ministry of Economic Affairs (Senter- Novem). We thank Peter Risseeuw and Jos van Ommeren for useful discussions and two anonymous referees of this journal for useful comments on an earlier draft of this paper. Of course, the usual disclaimer applies.
PY - 2006/5
Y1 - 2006/5
N2 - This paper analyses the (differential) impact of perceived expectations and uncertainty on investment spending in small and large firms. We analyse two types of investment, viz. aggregate investment and investment in energy-saving technologies, using Dutch firm level data. The results show that expectations and uncertainty about input- and output prices and domestic demand have substantial but different effects on investment spending in firms of different sizes. Furthermore, we find evidence, at least for small firms, that there are important differences between the effects of uncertainty about input and output variables.
AB - This paper analyses the (differential) impact of perceived expectations and uncertainty on investment spending in small and large firms. We analyse two types of investment, viz. aggregate investment and investment in energy-saving technologies, using Dutch firm level data. The results show that expectations and uncertainty about input- and output prices and domestic demand have substantial but different effects on investment spending in firms of different sizes. Furthermore, we find evidence, at least for small firms, that there are important differences between the effects of uncertainty about input and output variables.
UR - https://www.scopus.com/pages/publications/33744520761
U2 - 10.1007/s11187-005-3201-3
DO - 10.1007/s11187-005-3201-3
M3 - Article
AN - SCOPUS:33744520761
SN - 0921-898X
VL - 26
SP - 365
EP - 376
JO - Small Business Economics
JF - Small Business Economics
IS - 4
ER -