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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

Academy of Accounting and Financial Studies Journal

ISSN

1096-3685

e-ISSN

1528-2635

Svazek periodika

26

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

13

Strana od-do

1-13

Kód UT WoS článku

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EID výsledku v databázi Scopus

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