THE NEXUS BETWEEN DETERMINANTS OF INVESTMENT AND FIRM PERFORMANCE MODERATED BY ECONOMIC POLICY UNCERTAINTY: EVIDENCE FROM THE ENERGY SECTOR OF PAKISTAN

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F22%3A63535898" target="_blank" >RIV/70883521:28120/22:63535898 - isvavai.cz</a>
Result on the web
<a href="https://www.abacademies.org/special-issues/volume-26-special-issue-2-124.html" target="_blank" >https://www.abacademies.org/special-issues/volume-26-special-issue-2-124.html</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
THE NEXUS BETWEEN DETERMINANTS OF INVESTMENT AND FIRM PERFORMANCE MODERATED BY ECONOMIC POLICY UNCERTAINTY: EVIDENCE FROM THE ENERGY SECTOR OF PAKISTAN
Original language description
This study examines the nexus between determinants of investment and firm performance moderated by Economic Policy Uncertainty (EPU) with a sample of 43 chemical and pharmaceutical firms in Pakistan for 2013-2018. We are using two proxies of firm performance, such as Tobin’s Q and Return on Assets. We find that the effect of EPU on determinants of investment and firm performance is significant and negative to Tobin’s Q and positive and significant to ROA. To fix the endogeneity problem, the System-GMM estimate is used since unreported findings indicate heteroscedasticity and autocorrelation. This article also provides policy implications for potential investors and policymakers.
Czech name
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Czech description
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Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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