In this study, the impacts of uncertainty and risk factors on fixed asset and financial investment decisions of the firms in real sector in Turkey have been investigated for the period of 2003-2012. For this aim, inflation, exchange and growth rate uncertainties having been obtained by ARCH-GARCH method and economic, political, financial and country risk indicators have been used in this study. Their impact on investment is assessed by using investment equation that is generated by portfolio choice model, in accordance with the dynamic panel data analysis. The results show that risk factors and uncertainty have a negative and significant impact on investment decisions.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
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