sensitive to uncertainty than in other firms. By using a novel dataset that includess both a better definition of family firms … than commonly used (through self evaluation) and a very good proxy of the uncertainty on future demand that firms face, we … are able to verify that – as compared to other firms – family firms are significantly more sensitive to uncertainty: this …

demand of R&D. The mentioned investments present irreversibility, flexibility and uncertainty characteristics. Therefore, it …The traditional methods for the valuation of investments are based on the possibility of calculating discount cash … flows. The present paper analyses the problem associated to investments on innovative products, which require an important …

examines the impact of profit uncertainty and sunk costs on firms’ entry and exit decisions. For our empirical analysis, we … sunk capital costs and profit uncertainty, among others. Our dynamic panel data estimates show that greater uncertainty … uncertainty in conjunction with sunk costs fundamentally affecting firms’ decision-making and altering the structure of industries …

The principle of uncertain future: the probability of a future event contains a degree of (hidden) uncertainty. As a … result, this uncertainty (in a sense, similar to vibrations, fluctuations) pushes the probability value back from the bounds …