The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F21%3A63533698" target="_blank" >RIV/70883521:28120/21:63533698 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan
Original language description
This study investigates the impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty. The study's sample includes of 23 non-financial firms, and data were obtained from the website of Pakistan Stock Exchange from 2014 to 2019. The Pooled, Fixed-effect, Random-effect, and Generalized Least Square methods are applied to estimate the quantitative models' estimation results to investigate the impact of economic policy uncertainty on the relationship between investment per total assets, financial leverage on firm performance. The findings of the study indicate that corporate investment strategy and leverage have a significant and positive influence on the firm's profitability. Moreover, the overall moderated regression findings suggest that economic policy uncertainty moderates the relationship between investment strategy and leverage on firm profitability negatively and significantly. These results contribute significant indications for managers and related authorities to manage their investment strategy under economic policy fluctuations.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 15th International Scientific Conference INPROFORUM
ISBN
978-80-7394-863-4
ISSN
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e-ISSN
2336-6788
Number of pages
6
Pages from-to
28-33
Publisher name
Jihočeská univerzita. České Budějovice
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 4, 2021
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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