The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan

Popis výsledku v původním jazyce

This study investigates the impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty. The study&apos;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&apos; 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&apos;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.

Název v anglickém jazyce

The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan

Popis výsledku anglicky

This study investigates the impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty. The study&apos;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&apos; 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&apos;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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 15th International Scientific Conference INPROFORUM

ISBN

978-80-7394-863-4

ISSN

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e-ISSN

2336-6788

Počet stran výsledku

6

Strana od-do

28-33

Název nakladatele

Jihočeská univerzita. České Budějovice

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

4. 11. 2021

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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