<?xml version="1.0" encoding="utf-8"?>
<TEI xmlns="http://www.tei-c.org/ns/1.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:hal="http://hal.archives-ouvertes.fr/" xmlns:gml="http://www.opengis.net/gml/3.3/" xmlns:gmlce="http://www.opengis.net/gml/3.3/ce" version="1.1" xsi:schemaLocation="http://www.tei-c.org/ns/1.0 http://api.archives-ouvertes.fr/documents/aofr-sword.xsd">
  <teiHeader>
    <fileDesc>
      <titleStmt>
        <title>HAL TEI export of hal-05066974</title>
      </titleStmt>
      <publicationStmt>
        <distributor>CCSD</distributor>
        <availability status="restricted">
          <licence target="https://creativecommons.org/publicdomain/zero/1.0/">CC0 1.0 - Universal</licence>
        </availability>
        <date when="2026-05-19T02:44:51+02:00"/>
      </publicationStmt>
      <sourceDesc>
        <p part="N">HAL API Platform</p>
      </sourceDesc>
    </fileDesc>
  </teiHeader>
  <text>
    <body>
      <listBibl>
        <biblFull>
          <titleStmt>
            <title xml:lang="en">News and firm entry: The role of the waiting option</title>
            <author role="aut">
              <persName>
                <forename type="first">Anastasiia</forename>
                <surname>Antonova</surname>
              </persName>
              <idno type="halauthorid">3279195-0</idno>
              <affiliation ref="#struct-526949"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Mykhailo</forename>
                <surname>Matvieiev</surname>
              </persName>
              <idno type="halauthorid">2496919-0</idno>
              <affiliation ref="#struct-526949"/>
            </author>
            <editor role="depositor">
              <persName>
                <forename>Lucien</forename>
                <surname>Sahl</surname>
              </persName>
              <email type="md5">a6b3acb7eaa78b979c58a13b0291b3c1</email>
              <email type="domain">gmail.com</email>
            </editor>
            <funder ref="#projanr-47679"/>
            <funder ref="#projanr-49558"/>
            <funder>A*MIDEX</funder>
          </titleStmt>
          <editionStmt>
            <edition n="v1" type="current">
              <date type="whenSubmitted">2025-05-19 09:24:59</date>
              <date type="whenModified">2025-05-19 09:34:44</date>
              <date type="whenReleased">2025-05-19 09:34:44</date>
              <date type="whenProduced">2025-02</date>
              <date type="whenEndEmbargoed">2027-02-28</date>
              <ref type="file" target="https://hal.science/hal-05066974v1/document">
                <date notBefore="2027-02-28"/>
              </ref>
              <ref type="file" subtype="author" n="1" target="https://hal.science/hal-05066974v1/file/News_shocks%20%281%29.pdf" id="file-5072684-4389149">
                <date notBefore="2027-02-28"/>
              </ref>
            </edition>
            <respStmt>
              <resp>contributor</resp>
              <name key="1495961">
                <persName>
                  <forename>Lucien</forename>
                  <surname>Sahl</surname>
                </persName>
                <email type="md5">a6b3acb7eaa78b979c58a13b0291b3c1</email>
                <email type="domain">gmail.com</email>
              </name>
            </respStmt>
          </editionStmt>
          <publicationStmt>
            <distributor>CCSD</distributor>
            <idno type="halId">hal-05066974</idno>
            <idno type="halUri">https://hal.science/hal-05066974</idno>
            <idno type="halBibtex">antonova:hal-05066974</idno>
            <idno type="halRefHtml">&lt;i&gt;Journal of Economic Dynamics and Control&lt;/i&gt;, 2025, 171, pp.105034. &lt;a target="_blank" href="https://dx.doi.org/10.1016/j.jedc.2024.105034"&gt;&amp;#x27E8;10.1016/j.jedc.2024.105034&amp;#x27E9;&lt;/a&gt;</idno>
            <idno type="halRef">Journal of Economic Dynamics and Control, 2025, 171, pp.105034. &amp;#x27E8;10.1016/j.jedc.2024.105034&amp;#x27E9;</idno>
            <availability status="restricted">
              <licence target="https://about.hal.science/hal-authorisation-v1/">HAL Authorization<ref corresp="#file-5072684-4389149"/></licence>
            </availability>
          </publicationStmt>
          <seriesStmt>
            <idno type="stamp" n="SHS">Sciences de l'Homme et de la Société</idno>
            <idno type="stamp" n="CNRS">CNRS - Centre national de la recherche scientifique</idno>
            <idno type="stamp" n="UNIV-AMU">Aix Marseille Université</idno>
            <idno type="stamp" n="EHESS">Ecole des Hautes Etudes en Sciences Sociales</idno>
            <idno type="stamp" n="EC-MARSEILLE">Ecole Centrale de Marseille</idno>
            <idno type="stamp" n="AO-ECONOMIE">Archives ouvertes de l'Economie</idno>
            <idno type="stamp" n="AMSE">Aix Marseille School of Economics</idno>
            <idno type="stamp" n="AMIDEX">AMIDEX</idno>
            <idno type="stamp" n="ANR">ANR</idno>
          </seriesStmt>
          <notesStmt>
            <note type="audience" n="2">International</note>
            <note type="popular" n="0">No</note>
            <note type="peer" n="1">Yes</note>
          </notesStmt>
          <sourceDesc>
            <biblStruct>
              <analytic>
                <title xml:lang="en">News and firm entry: The role of the waiting option</title>
                <author role="aut">
                  <persName>
                    <forename type="first">Anastasiia</forename>
                    <surname>Antonova</surname>
                  </persName>
                  <idno type="halauthorid">3279195-0</idno>
                  <affiliation ref="#struct-526949"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Mykhailo</forename>
                    <surname>Matvieiev</surname>
                  </persName>
                  <idno type="halauthorid">2496919-0</idno>
                  <affiliation ref="#struct-526949"/>
                </author>
              </analytic>
              <monogr>
                <idno type="halJournalId" status="VALID">15365</idno>
                <idno type="issn">0165-1889</idno>
                <title level="j">Journal of Economic Dynamics and Control</title>
                <imprint>
                  <publisher>Elsevier</publisher>
                  <biblScope unit="volume">171</biblScope>
                  <biblScope unit="pp">105034</biblScope>
                  <date type="datePub">2025-02</date>
                </imprint>
              </monogr>
              <idno type="doi">10.1016/j.jedc.2024.105034</idno>
            </biblStruct>
          </sourceDesc>
          <profileDesc>
            <langUsage>
              <language ident="en">English</language>
            </langUsage>
            <textClass>
              <keywords scheme="author">
                <term xml:lang="en">entry delay option</term>
                <term xml:lang="en">firm entry</term>
                <term xml:lang="en">news shocks</term>
                <term xml:lang="en">real business cycle</term>
              </keywords>
              <classCode scheme="halDomain" n="shs.eco">Humanities and Social Sciences/Economics and Finance</classCode>
              <classCode scheme="halTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halOldTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halTreeTypology" n="ART">Journal articles</classCode>
            </textClass>
            <abstract xml:lang="en">
              <p>Firm entry and capital investment both vary over the business cycle. This paper analyzes the role of the firm entry delay option (waiting option) in the joint dynamics of firm entry and investment in a news-driven RBC model. We introduce the waiting option by restricting the number of potential firm entrants and demonstrate that the combination of news shocks and the waiting option effect yields empirically plausible joint dynamics of firm entry and investment over the business cycle. In contrast, the model without the entry delay option produces excessively volatile firm entry. We rationalize our findings using an analytical real-option model of firm entry.</p>
            </abstract>
          </profileDesc>
        </biblFull>
      </listBibl>
    </body>
    <back>
      <listOrg type="structures">
        <org type="laboratory" xml:id="struct-526949" status="VALID">
          <idno type="RNSR">201220324U</idno>
          <idno type="ROR">02ek9wp67</idno>
          <orgName>Aix-Marseille Sciences Economiques</orgName>
          <orgName type="acronym">AMSE</orgName>
          <date type="start">2018-01-01</date>
          <desc>
            <address>
              <addrLine>5-9 Boulevard BourdetCS 5049813205 Marseille Cedex 1</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://amse-feg.univ-amu.fr/fr</ref>
          </desc>
          <listRelation>
            <relation name="UMR7316" active="#struct-99539" type="direct"/>
            <relation name="UMR7316" active="#struct-198056" type="direct"/>
            <relation name="UMR7316" active="#struct-300415" type="direct"/>
            <relation name="UMR7316" active="#struct-441569" type="direct"/>
          </listRelation>
        </org>
        <org type="institution" xml:id="struct-99539" status="VALID">
          <idno type="IdRef">026374889</idno>
          <idno type="ROR">https://ror.org/02d9dg697</idno>
          <orgName>École des hautes études en sciences sociales</orgName>
          <orgName type="acronym">EHESS</orgName>
          <date type="start">1975-01-01</date>
          <desc>
            <address>
              <addrLine>54, boulevard Raspail 75006 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.ehess.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-198056" status="VALID">
          <idno type="IdRef">15863621X</idno>
          <idno type="ISNI">0000 0001 2176 4817</idno>
          <idno type="ROR">https://ror.org/035xkbk20</idno>
          <orgName>Aix Marseille Université</orgName>
          <orgName type="acronym">AMU</orgName>
          <date type="start">2012-01-01</date>
          <desc>
            <address>
              <addrLine>Aix-Marseille UniversitéJardins du Pharo58 Boulevard Charles Livon13284 Marseille cedex 7</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.univ-amu.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-300415" status="VALID">
          <idno type="ISNI">0000 0004 1762 2703</idno>
          <idno type="ROR">https://ror.org/040baw385</idno>
          <orgName>École Centrale de Marseille</orgName>
          <orgName type="acronym">ECM</orgName>
          <date type="start">2006-09-27</date>
          <desc>
            <address>
              <addrLine>Pôle de l'étoile - Technopole de Château-Gombert - 38 rue Frédéric Joliot-Curie - 13013 Marseille</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.centrale-marseille.fr/</ref>
          </desc>
        </org>
        <org type="regroupinstitution" xml:id="struct-441569" status="VALID">
          <idno type="IdRef">02636817X</idno>
          <idno type="ISNI">0000000122597504</idno>
          <idno type="ROR">https://ror.org/02feahw73</idno>
          <orgName>Centre National de la Recherche Scientifique</orgName>
          <orgName type="acronym">CNRS</orgName>
          <date type="start">1939-10-19</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.cnrs.fr/</ref>
          </desc>
        </org>
      </listOrg>
      <listOrg type="projects">
        <org type="anrProject" xml:id="projanr-47679" status="VALID">
          <idno type="anr">ANR-11-IDEX-0001</idno>
          <orgName>Amidex</orgName>
          <desc>INITIATIVE D'EXCELLENCE AIX MARSEILLE UNIVERSITE</desc>
          <date type="start">2011</date>
        </org>
        <org type="anrProject" xml:id="projanr-49558" status="VALID">
          <idno type="anr">ANR-17-EURE-0020</idno>
          <orgName>AMSE (EUR)</orgName>
          <desc>Aix-Marseille School of Economics</desc>
          <date type="start">2017</date>
        </org>
      </listOrg>
    </back>
  </text>
</TEI>