The overall effect of volatility on investment
Pai-Ta Shih and
Economics Letters, 2008, vol. 99, issue 2, 324-327
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.
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:2:p:324-327
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