Moderating effect of institutional environment on economic policy uncertainty: evidence from firms' investments
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923627" target="_blank" >RIV/62156489:43110/23:43923627 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.2478/revecp-2023-0005" target="_blank" >https://doi.org/10.2478/revecp-2023-0005</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2478/revecp-2023-0005" target="_blank" >10.2478/revecp-2023-0005</a>
Alternative languages
Result language
angličtina
Original language name
Moderating effect of institutional environment on economic policy uncertainty: evidence from firms' investments
Original language description
This paper investigates the link between corporate investments, eco-nomic policy uncertainty and the quality of institutional environments. The corporate invest-ments of private firms in 10 European countries from 2009 to 2018 were examined and a negative effect of economic policy uncertainty on corporate investments was identi-fied. More importantly, it was determined that the higher-quality institutional environ-ments reduced the negative impact of economic policy uncertainty on corporate invest-ments, especially when economic policy uncertainty was high. We also demonstrate the effects of government stability, legislative strength, government cohesion and socio-economic conditions that mitigate the negative effects of economic policy uncertainty on corporate investments.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Národohospodářský obzor
ISSN
1213-2446
e-ISSN
1804-1663
Volume of the periodical
23
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
22
Pages from-to
159-180
UT code for WoS article
001014947500003
EID of the result in the Scopus database
2-s2.0-85176764321