Economic policy uncertainty and firm performance

Umer Iqbal, Christopher Gan and Muhammad Nadeem

Applied Economics Letters, 2020, vol. 27, issue 10, 765-770

Abstract: This study examines the relationship between economic policy uncertainty (EPU) and firm performance of the US-listed non-financial firms. Using four proxies of firm performance such as Return on Assets, Return on Equity, Net Profit Margin and Tobin’s Q, we find that the effect of EPU on firm performance is significant and negative on all four proxies. System-GMM estimation is used to address the problem of endogeneity because unreported results show the presence of heteroscedasticity and autocorrelation in OLS and fixed effect estimations.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (38)

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2019.1645272 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:27:y:2020:i:10:p:765-770

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2019.1645272

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().