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The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan
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| dc.title | The impact of corporate investment strategy on firm profitability moderated by economic policy uncertainty: Evidence from Pakistan | en |
| dc.contributor.author | Quddus, Abdul | |
| dc.contributor.author | Pavelková, Drahomíra | |
| dc.contributor.author | Sohail, Ali Akbar | |
| dc.contributor.author | Pham, Phat Tien | |
| dc.contributor.author | Atiso, Francis | |
| dc.contributor.author | Kalko, Mesfin Mala | |
| dc.relation.ispartof | Proceedings of the 15th International Scientific Conference INPROFORUM: New Trends and Challenges in the Management of Organisations | |
| dc.date.issued | 2021 | |
| utb.relation.volume | 37 | |
| utb.relation.issue | 42 | |
| dc.citation.spage | 28 | |
| dc.citation.epage | 33 | |
| dc.event.title | 15th INPROFORUM International Scientific Conference on New Trends and Challenges in the Management of Organisations | |
| dc.event.location | České Budějovice | |
| utb.event.state-en | Czech Republic | |
| utb.event.state-cs | Česká republika | |
| dc.event.sdate | 2021-11-04 | |
| dc.event.edate | 2021-11-05 | |
| dc.type | conferenceObject | |
| dc.language.iso | en | |
| dc.publisher | Univ South Bohemia Ceske Budejovic, Fac Economics | |
| dc.relation.uri | http://omp.ef.jcu.cz/index.php/EF/catalog/book/74 | |
| dc.relation.uri | http://omp.ef.jcu.cz/index.php/EF/catalog/view/74/73/180-1#page=37 | |
| dc.subject | investment decisions | en |
| dc.subject | economic policy uncertainty | en |
| dc.subject | profitability | en |
| dc.subject | financial leverage | en |
| dc.description.abstract | 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. | en |
| utb.faculty | Faculty of Management and Economics | |
| dc.identifier.uri | http://hdl.handle.net/10563/1011116 | |
| utb.identifier.obdid | 43882754 | |
| utb.identifier.wok | 000835761600005 | |
| utb.source | C-wok | |
| dc.date.accessioned | 2022-08-31T06:47:10Z | |
| dc.date.available | 2022-08-31T06:47:10Z | |
| dc.description.sponsorship | Internal Grant Agency of FaME TBU [IGA/FaME/2021/011] | |
| utb.ou | Department of Finance and Accounting | |
| utb.contributor.internalauthor | Quddus, Abdul | |
| utb.contributor.internalauthor | Pavelková, Drahomíra | |
| utb.contributor.internalauthor | Pham, Phat Tien | |
| utb.contributor.internalauthor | Atiso, Francis | |
| utb.contributor.internalauthor | Kalko, Mesfin Mala | |
| utb.fulltext.affiliation | Abdul Quddus1, Drahomíra Pavelková2, Ali Akbar Sohail3, Tien Phat Pham 4, Francis Atiso5, Mesfin Mala Kalko6, 1 Tomas Bata University in Zlin, Department of Finance and Accounting, nám. T. G. Masaryka 5555, 76001, Zlín, quddus@utb.cz. 2 Tomas Bata University in Zlin, Department of Finance and Accounting, nám. T. G. Masaryka 5555, 76001, Zlín, pavelkova@utb.cz. 3 University of Applied Sciences Burgenland, Department of Managent and Economics, 1, A-7000 Eisenstadt, 2019001102@fh-burgenland.at. 4 Tomas Bata University in Zlin, Department of Finance and Accounting, nám. T. G. Masaryka 5555, 76001, Zlín, tien@utb.cz. 5 Tomas Bata University in Zlin, Department of Finance and Accounting, nám. T. G. Masaryka 5555, 76001, Zlín, atiso@utb.cz. 6 Tomas Bata University in Zlin, Department of Finance and Accounting, nám. T. G. Masaryka 5555, 76001, Zlín, kalko@utb.cz. | |
| utb.fulltext.dates | - | |
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| utb.fulltext.sponsorship | The authors are thankful for providing financial support by the Internal Grant Agency of FaME TBU No. IGA/FaME/2021/011. | |
| utb.wos.affiliation | [Quddus, Abdul; Pavelkova, Drahomira; Sohail, Ali Akbar; Tien Phat Pham; Atiso, Francis; Kalko, Mesfin Mala] Tomas Bata Univ Zlin, Dept Finance & Accounting, Nam TG Masaryka 5555, Zlin 76001, Czech Republic | |
| utb.fulltext.projects | IGA/FaME/2021/011 | |
| utb.fulltext.faculty | Faculty of Management and Economics | |
| utb.fulltext.ou | Department of Finance and Accounting | |
| utb.identifier.jel | D25 | |
| utb.identifier.jel | E6 | |
| utb.identifier.jel | L27 | |
| utb.identifier.jel | L25 |
