Uncertainty and Growth of the Firm

Robert Lensink, Paul Steen and Elmer Sterken

Small Business Economics, 2005, vol. 24, issue 4, 391 pages

Abstract: Using data from a survey of 1,097 small and medium-sized non-listed Dutch firms we investigate the relation between growth of the firm and uncertainty. We focus on the impact of sales uncertainty on various types of investment. We find that sales uncertainty, measured by the conditional variance, has a mixed impact on various investment decisions. We include an analysis of the relevance of financial structure and firm size on the growth-uncertainty relation. Copyright Springer 2005

Keywords: firm size; uncertainty (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (23)

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Working Paper: Uncertainty and growth of the firm (2000)
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DOI: 10.1007/s11187-005-7121-z

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