Chinese economic policy uncertainty and U.S. corporate investment Journal Articles

abstract

• AbstractPrior findings suggest that firms reduce investment when they face a higher degree of domestic economic policy uncertainty. In this paper, we provide a new finding that corporate investment of U.S. firms also declines when Chinese economic policy uncertainty rises, after controlling for U.S. economic policy uncertainty. Additional analysis suggests that the result is stronger for firms located in states with larger exports to China, implying the importance of global supply chain link in understanding firms' investment decisions.

authors

• Lee, Kiryoung
• Jeon, Yoontae
• Samarbakhsh, Laleh
• Kim, Insik

status

• published 

publication date

• December 2021

has subject area

• 1501 Accounting, Auditing and Accountability (FoR)
• 1502 Banking, Finance and Investment (FoR)

published in

• International Review of Finance  Journal

keywords

• 35 Commerce, Management, Tourism and Services
• 3502 Banking, Finance and Investment
• 3507 Strategy, Management and Organisational Behaviour
• 38 Economics

Digital Object Identifier (DOI)

• 10.1111/irfi.12335

start page

• 1519

end page

• 1528

volume

• 21

issue

• 4