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.
- Language
-
Englisch
- Bibliographic citation
-
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)
- Classification
-
Wirtschaft
- Subject
-
peer effect
mimicking behavior
investment policy
leverage
cash flow
- Event
-
Geistige Schöpfung
- (who)
-
Anwar, Muhammad Mudassar
Akhtar, Muhammad Ramazan
- Event
-
Veröffentlichung
- (who)
-
Johar Education Society, Pakistan (JESPK)
- (where)
-
Lahore
- (when)
-
2018
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Anwar, Muhammad Mudassar
- Akhtar, Muhammad Ramazan
- Johar Education Society, Pakistan (JESPK)
Time of origin
- 2018
Other Objects (12)
Local peer effects and corporate investment
Local peer effects and corporate investment
Peer effects in decision-making: Evidence from corporate investment
Corporate income taxation and firms' investment and financing decisions
Corporate income taxation and firms' investment and financing decisions
Essays on financing, investment and corporate governance in family firms
Essays in empirical corporate finance : family firms, investment decisions and performance
The effect of corporate taxes on investment: Evidence from the Colombian firms
Corporate investment policy
Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Corporate taxation of heterogeneous firms
Corporate tax competition between firms
Local peer effects and corporate investment
Local peer effects and corporate investment
Peer effects in decision-making: Evidence from corporate investment
Corporate income taxation and firms' investment and financing decisions
Corporate income taxation and firms' investment and financing decisions
Essays on financing, investment and corporate governance in family firms
Essays in empirical corporate finance : family firms, investment decisions and performance
The effect of corporate taxes on investment: Evidence from the Colombian firms
Corporate investment policy
Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Corporate taxation of heterogeneous firms
Corporate tax competition between firms
Local peer effects and corporate investment
Local peer effects and corporate investment
Peer effects in decision-making: Evidence from corporate investment
Corporate income taxation and firms' investment and financing decisions
Corporate income taxation and firms' investment and financing decisions
Essays on financing, investment and corporate governance in family firms
Essays in empirical corporate finance : family firms, investment decisions and performance
The effect of corporate taxes on investment: Evidence from the Colombian firms
Corporate investment policy
Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Corporate taxation of heterogeneous firms