What Type of Policy Uncertainty Matters for Business
What Type of Policy Uncertainty Matters for Business
复制标题
哪种类型的政策不确定性对企业很重要
DOI：
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发表时间：
2013
期刊：
影响因子：
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通讯作者：
Morikawa Masayuki
中科院分区：
文献类型：
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作者：
Morikawa Masayuki
本文使用对日本上市公司的原始调查数据，提出了有关经济政策主观不确定性及其对企业运营影响的实证研究结果。企业对国际贸易政策和社会保障制度等某些经济政策的未来走向感到不确定。税收制度、贸易政策和环境政策的不确定性会对管理决策产生重大影响，特别是对设备投资和海外活动。在非制造业企业中，社会保障制度和劳动力市场法规的不确定性影响了员工招聘和组织结构调整。为了通过促进面向未来的投资实现经济增长，必须提高基本经济政策和机构的可预测性。
This paper uses data from an original survey of Japanese listed companies to present empirical findings concerning subjective uncertainties over economic policies and their effects on business operations. Companies perceive uncertainty over the future course of certain economic policies, such as an international trade policy and the social security system. Uncertainty regarding the tax system, trade policy, and environmental policy can have substantial effects on the managerial decisions, especially on equipment investment and overseas activities. Among non-manufacturing companies, uncertainty regarding the social security system and labor market regulations affects employee hiring and organizational restructuring. To achieve economic growth by promoting future-oriented investment, it is essential to improve the predictability of fundamental economic policies and institutions.