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Keywords: Underinvestment
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Journal Articles
Journal:
European Business Review
European Business Review (2024) 36 (4): 449–467.
Published: 14 November 2023
... alleviates SMEs’ investment inefficiency, reflected in the reduction of overinvestment and underinvestment. As EPU increases, firms with more exposure to such uncertainty invest more efficiently, and their overinvestment tendency becomes lower, while reducing the risk of underinvestment. These results...
