Is size important for the investment-uncertainty relationship?: an empirical analyses for Dutch firms

Robert Lensink, Paul van Steen and Elmer Sterken

No 00E03, Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management)

Abstract: Abstract By using data from a survey amongst a panel of Dutch firms we investigate whether the investment-uncertainty relationship depends on the size of the firm. We find that uncertainty has a positive effect on investment of small firms, whereas it is negative for large firms. There are probably two reasons for this outcome. First, both small and large Dutch firms do not seem to be financially constrained. Second, sunk costs are much higher for large than for small Dutch firms.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://irs.ub.rug.nl/ppn/240329236 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://irs.ub.rug.nl/ppn/240329236 [302 Found]--> https://irs.ub.rug.nl/ppn/240329236 [302 Found]--> https://www.rug.nl/research/portal/publications/pub(757b5a05-27bf-4102-b3ba-3a1542527301).html [301 Moved Permanently]--> https://research.rug.nl/en/publications/pub(757b5a05-27bf-4102-b3ba-3a1542527301).html)

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:gro:rugsom:00e03

Access Statistics for this paper

More papers in Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management) Contact information at EDIRC.
Bibliographic data for series maintained by Hanneke Tamling ().