The relationship between corporate investment decision and firm performance: Moderating role of cash flows

被引：6
|
作者：
Saif Ul Islam, Muhammad [1 ]
Meo, Muhammad Saeed [2 ]
Usman, Muhammad [3 ]
机构：
[1] Univ Utara Malaysia, Sch Econ Finance & Banking, Sintok 06010, Kedah, Malaysia
[2] Super Coll Lahore Pakistan, MS Dept, Lahore, Pakistan
[3] Univ Punjab, Hailey Coll Commerce, Lahore, Pakistan
来源：
JOURNAL OF PUBLIC AFFAIRS | 2022年 / 22卷 / 02期
关键词：
D O I：
10.1002/pa.2445
中图分类号：
C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;
摘要：
This study examines relationship between corporate investment decision and firm performance with the moderating role of cash flows. The sample of this study is consisting of 68 nonfinancial companies and data are gathered from companies audited annual reports and business recorder websites for 2013-2017. Simple multiple regression and moderated regression analysis are used to achieve objectives of the study. The overall findings of the study show that corporate investment decisions significantly influence the performance of the company. Moreover, the results of the overall moderated regression show that cash flows significantly but negatively moderate the relationship between corporate investment decisions and performance of the company. The study results reveal that investment decisions have a greater significant effect on accounting base performance rather than market base performance.
引用
收藏
页数：10
相关论文
共 50 条
  • [1] The Relationship between Corporate Governance Quality and Firm Performance: The Moderating Role of Capital Structure
    Mansour, Marwan
    Al Amosh, Hamzeh
    Alodat, Ahmad Yuosef
    Khatib, Saleh F. A.
    Saleh, Mohammed W. A.
    [J]. SUSTAINABILITY, 2022, 14 (17)
  • [2] The Moderating Effect of Cultural Values on the Relationship Between Corporate Social Performance and Firm Performance
    Wei Shi
    Kevin Veenstra
    [J]. Journal of Business Ethics, 2021, 174 : 89 - 107
  • [3] The Moderating Effect of Cultural Values on the Relationship Between Corporate Social Performance and Firm Performance
    Shi, Wei
    Veenstra, Kevin
    [J]. JOURNAL OF BUSINESS ETHICS, 2021, 174 (01) : 89 - 107
  • [4] The relationship between corporate governance and intellectual capital The moderating role of firm size
    Buallay, Amina
    Hamdan, Allam
    [J]. INTERNATIONAL JOURNAL OF LAW AND MANAGEMENT, 2019, 61 (02) : 384 - 401
  • [5] Derivative cash flows and corporate investment
    Jankensgard, Hakan
    Moursli, Reda M.
    [J]. JOURNAL OF BANKING & FINANCE, 2020, 119
  • [6] The moderating effects of corporate governance and investment efficiency on the nexus between financial flexibility and firm performance
    Wu, Wei
    Alkaraan, Fadi
    Le, Chau
    [J]. JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2023,
  • [7] The Relationship Between CEO Duality and Business Firms' Performance: The Moderating Role of Firm Size and Corporate Social Responsibility
    Mubeen, Riaqa
    Han, Dongping
    Abbas, Jaffar
    Alvarez-Otero, Susana
    Sial, Muhammad Safdar
    [J]. FRONTIERS IN PSYCHOLOGY, 2021, 12
  • [8] Moderating role of firm characteristics on the relationship between corporate social responsibility and financial performance: evidence from India
    Prakash, Nisha
    Hawaldar, Aparna
    [J]. JOURNAL OF ECONOMICS AND DEVELOPMENT, 2024,
  • [9] The Moderating Role of Organizational Context on the Relationship Between Innovation and Firm Performance
    De Clercq, Dirk
    Thongpapanl, Narongsak
    Dimov, Dimo
    [J]. IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2011, 58 (03) : 431 - 444
  • [10] The Relationship between Corporate Social Responsibility Reporting and Firm Performance and the Moderating Role of Firm Life Cycle Stages: Evidence from China
    Jan, Naveed
    Karn, Arodh Lal
    Li, Zeyun
    Liu, Xiyu
    [J]. SUSTAINABILITY, 2021, 13 (18)
12345