Recent theoretical developments relating to investment under uncertainty have highlighted
the importance of irreversibility for the timing of investment expenditures and their expected …

The run‐up in oil prices since 2004 coincided with growing investment in commodity
markets and increased price co‐movement among different commodities. We assess …

We examine how uncertainty affects firms' internationalization choices. We begin by
unveiling a new empirical regularity: using a unique dataset that allows us to study the …

This paper investigates real options behavior in capital budgeting decisions using a firm-
level panel data set of US companies in the manufacturing sector. Specifically, this paper …

While there exists numerous studies on the macroeconomic effects of oil and commodity
shocks, the literature is quite silent on the impact of macroeconomic uncertainty on oil and …

This paper shows that higher macroeconomic uncertainty causes higher oil price volatility.
Regimes of low and high uncertainty are identified in a threshold VAR model in which the …

Oil price shocks can have a substantial effect on income inequality. This study delves into
the interplay between oil price shocks and income inequality in the Association of Southeast …

It has been common to assume that the relationship between economic activity and oil
prices is asymmetric. Theoretical underpinnings for this asymmetry include costly sectoral …

We investigate the following important questions in international business. How do
multinational enterprises (MNEs) choose ownership strategies when facing strong …

This study takes a real options perspective towards venture capital staging and views the
staging decision as a choice between holding the current option to invest and investing now …