Political and regulatory uncertainty is strongly negatively associated with merger and
acquisition activity at the macro and firm levels. The strongest effects are for uncertainty …

Using a news-based index of policy uncertainty, we document a strong negative relationship
between firm-level capital investment and the aggregate level of uncertainty associated with …

We examine the effect of economic policy uncertainty on the relation between investment
and the cost of capital. Using the news-based index developed by Baker et al.(2016) for …

This paper examines the effect of economic policy uncertainty and its components on firm-
level investment. It is found that economic policy uncertainty in interaction with firm-level …

Policy uncertainty is an increasingly important issue in many economies. Extensive
evidence indicates that higher policy uncertainty is associated with future negative …

The objective of this paper is to employ the novel technique of nonparametric causality-in-
quantiles to examine the predictability of returns and volatility of six important commodities …

This chapter is a survey of the most important research in the economic policy uncertainty
literature. Economic policy uncertainty, although still under-researched relative to …

We examine how economic policy-induced uncertainty influences managers' discretionary
accounting choices to achieve a smoother earnings stream. We find that managers offset the …

This paper develops a new index of economic uncertainty for South Africa for the period
1990–2014. The index is constructed from three sources:(1) Disagreement among …

Long-term earnings losses for displaced workers are large and counter-cyclical. Similarly,
the skewness of earnings growth rates is strongly pro-cyclical. This paper presents an …