Journal of Economics, Finance and Accounting Studies

Journal of Economics, Finance and Accounting Studies

Does Financing Decisions Influence Investment Decisions? Empirical Evidence from Sri Lanka

Yazarlar: MCA. Nazar

Cilt 3 , Sayı 1 , 2021 , Sayfalar 33-38

Konular:-

DOI:10.32996/jefas.2021.3.1.3

Anahtar Kelimeler:Financing decision,Investment decision,GMM,Sri Lanka

Özet: This study investigates the impact of financing decision on investment decision of 198 non-financial companies listed on the Colombo Stock Exchange of Sri Lanka, eight years period from 2011 to 2018. This study employed the Generalized Method of Moments (GMM) model to estimate the regression models on panel data study. The major contribution of this study shows that the impact of financing on investment decisions of listed companies. The results of the study revealed that, the impact of total debt on changes in total asset and Tobin’s Q was insignificant negative and significant negative respectively. However, the impact of long term debt on changes in total asset and Tobin’s Q was significant negative and insignificant negative respectively. Therefore, the impact of financing decision is significantly negative on investment decision.

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@article{2021, title={Does Financing Decisions Influence Investment Decisions? Empirical Evidence from Sri Lanka}, volume={3}, number={33–38}, publisher={Journal of Economics, Finance and Accounting Studies}, author={MCA. Nazar}, year={2021} }
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MCA. Nazar. (2021). Does Financing Decisions Influence Investment Decisions? Empirical Evidence from Sri Lanka (Vol. 3). Vol. 3. Journal of Economics, Finance and Accounting Studies.
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MCA. Nazar. Does Financing Decisions Influence Investment Decisions? Empirical Evidence from Sri Lanka. no. 33–38, Journal of Economics, Finance and Accounting Studies, 2021.
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