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The overall effect of volatility on investment

Pai-Ta Shih and Weifeng Hung

Economics Letters, 2008, vol. 99, issue 2, 324-327

Abstract: We introduce a new channel called random delay effect, through which volatility influences real investment. We show that random delay effect is not negligible in determining the sign of the volatility-investment relationship.

Date: 2008
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Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:324-327