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H. Yildirim

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Open access Aug 2026

Climate Policy Uncertainty and Corporate Investment: The Real-Estate Concentration Channel

Climate policy uncertainty (CPU) suppresses corporate investment broadly, but its effect is not uniform across firms. Using a sample of 60,185 firm-year observations for nonfinancial U.S. firms from 1990 to 2024, this paper shows that industry-adjusted real-estate concentration within the hard-asset base moderates the...

H. Yildirim · 0 citations

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