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

Quddus, Abdul; Pavelková, Drahomíra; Sohail, Ali Akbar; Pham, Phat Tien; Atiso, Francis; Kalko, Mesfin Mala

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