Artikel
Do peer firms impact corporate investment policies?
Peer effect is attractive as firms try to mimic financial decisions taken by one another. The current study explores the impact of peers' investment decisions on corporate firm's investment decisions. To capture this essence, the study utilized firm-specific characteristics as well as peer firm-specific characteristics mainly growth, leverage, market to book ratio, free cash flow and stock return. In this study, the corporate accounting data relating to firms' investment policies is taken from the published annual audited reports of the firms for the period between 2005 and 2015. GMM fixed effect model is used for data analysis. The results of the study reveal significant impact of peers' investment policies on corporate firm's investment decisions.
- Sprache
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Englisch
- Erschienen in
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Journal: Pakistan Journal of Commerce and Social Sciences (PJCSS) ; ISSN: 2309-8619 ; Volume: 12 ; Year: 2018 ; Issue: 1 ; Pages: 363-378 ; Lahore: Johar Education Society, Pakistan (JESPK)
- Klassifikation
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Wirtschaft
- Thema
-
peer effect
mimicking behavior
investment policy
leverage
cash flow
- Ereignis
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Geistige Schöpfung
- (wer)
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Anwar, Muhammad Mudassar
Akhtar, Muhammad Ramazan
- Ereignis
-
Veröffentlichung
- (wer)
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Johar Education Society, Pakistan (JESPK)
- (wo)
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Lahore
- (wann)
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2018
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Anwar, Muhammad Mudassar
- Akhtar, Muhammad Ramazan
- Johar Education Society, Pakistan (JESPK)
Entstanden
- 2018
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