International Trade Risk and the Cost of Flexibility in Capital Investment

Tamir Agmon*, Clas Wihlborg

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


This chapter describes the effects of trade policy configurations and summarizes them in a probability distribution on investment value and performance. It has important implications for investment management, as actual changes in policy after the strategic and competitive strength of various businesses. However, the implicit message of this work is even more potent than its explicit insights; namely, the identification of the basic tradeoff to be confronted in the management of the effects of trade policy and trade policy risks on corporate assets. The author also examines trade policy's effect on corporate decisions to invest in the productive capacity of a certain industry.

Original languageEnglish
Title of host publicationTrade Policy and Corporate Business Decisions
PublisherOxford University Press
ISBN (Electronic)9780199855056
ISBN (Print)9780195055382
StatePublished - 3 Oct 2011


  • Competitive strength
  • Investment management
  • Productive capacity


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