TY  - JOUR
TI  - Is There Any Impact of the World Uncertainty Spillover Index (WUSI) on Firm Investment? Evidence from Turkey
AB  - This paper examines the impact of the World Uncertainty Spillover Index-United States (WUSI-USA) on the corporate investment policy of 164 Turkish manufacturing firms between 2005 and 2019. According to the findings, the WUSI-USA has a negative impact on the investment policy of firms. Based on the real options theory, firms prefer to postpone their investments under uncertain conditions. The use of alternative measurements of investment confirms the validity of our results. Overall, this study reveals that uncertainty coming from the US affects the investment decisions of firms in Turkey. Therefore, Turkish firms should include uncertainty spillovers in their financial decisions and adjust their strategies based on firm-specific factors in times of uncertainty spillovers. Furthermore, policymakers and firm managers should consider the US uncertainty spillover effects while generating their investment strategies.
AU  - tan, ömer faruk
DO  - 10.33399/biibfad.1230702
PY  - 2023
JO  - Bingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi (Online)
VL  - 7
IS  - 1
SN  - 2651-3234
SP  - 97
EP  - 108
DB  - TRDizin
UR  - http://search/yayin/detay/1185692
ER  -