制度环境对经济政策不确定性的调节作用:来自企业投资的证据

IF 0.4 Q4 ECONOMICS
Klára Večeřová
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引用次数: 0

摘要

摘要本文研究了企业投资、经济政策不确定性和制度环境质量之间的联系。研究了2009年至2018年10个欧洲国家私营企业的企业投资,发现了经济政策不确定性对企业投资的负面影响。更重要的是,已经确定,更高质量的制度环境减少了经济政策不确定性对公司投资的负面影响,特别是在经济政策不确定度较高的情况下。我们还展示了政府稳定性、立法实力、政府凝聚力和社会经济条件的影响,这些因素减轻了经济政策不确定性对企业投资的负面影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Moderating effect of institutional environment on economic policy uncertainty: evidence from firms’ investments
Abstract This paper investigates the link between corporate investments, eco-nomic policy uncertainty and the quality of institutional environments. The corporate investments 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 identified. More importantly, it was determined that the higher-quality institutional environments reduced the negative impact of economic policy uncertainty on corporate investments, especially when economic policy uncertainty was high. We also demonstrate the effects of government stability, legislative strength, government cohesion and socioeconomic conditions that mitigate the negative effects of economic policy uncertainty on corporate investments.
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来源期刊
CiteScore
1.40
自引率
0.00%
发文量
10
审稿时长
38 weeks
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