Moderating effect of institutional environment on economic policy uncertainty: evidence from firms' investments

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Moderating effect of institutional environment on economic policy uncertainty: evidence from firms' investments

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Moderating effect of institutional environment on economic policy uncertainty: evidence from firms' investments

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Národohospodářský obzor

ISSN

1213-2446

e-ISSN

1804-1663

Svazek periodika

23

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

22

Strana od-do

159-180

Kód UT WoS článku

001014947500003

EID výsledku v databázi Scopus

2-s2.0-85176764321