TY  - JOUR
TI  - Aggregate Firm Behavior Under Uncertainty, Sentiments, and Aggregate Income
AB  - Firms hold buffer stocks such as capital stocks, inventories, liquid assets, and retained earnings to absorb the effects of uncertainties they face. However, the existence of such buffers affects both the performance of all the firms in the economy and the aggregate income. In this study, a stock-flow consistent system dynamics model is built to analyze these effects. Dynamic equilibrium solutions present that the presence of uncertainty decreases both aggregate firm profitability and aggregate income. Furthermore, the effects of a change in the sentiment of entrepreneurs and firm managers on the aggregate variables if the levels of buffer stocks were affected by this sentiment in the presence of uncertainty is analyzed. Simulation results show that a change in the sentiment index causes the aggregate income to change in the same direction.
AU  - Sahin, Sercin
PY  - 2022
JO  - Gümüşhane Üniversitesi Sosyal Bilimler Dergisi
VL  - 13
IS  - 1
SN  - 1309-7423
SP  - 1
EP  - 17
DB  - TRDizin
UR  - http://search/yayin/detay/1119049
ER  -