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

Journal of Economics, Finance and Accounting Studies

View Publication Info
 
 
Field Value
 
Title Does Financing Decisions Influence Investment Decisions? Empirical Evidence from Sri Lanka
 
Creator MCA. Nazar
 
Subject Financing decision, investment decision, GMM, Sri Lanka
 
Description 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.
 
Publisher Al-Kindi Center for Research and Development
 
Date 2021-02-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://al-kindipublisher.com/index.php/jefas/article/view/1300
10.32996/jefas.2021.3.1.3
 
Source Journal of Economics, Finance and Accounting Studies ; Vol. 3 No. 1 (2021): Journal of Economics, Finance and Accounting Studies; 33-38
2709-0809
 
Language eng
 
Relation https://al-kindipublisher.com/index.php/jefas/article/view/1300/1056
 
Rights https://creativecommons.org/licenses/by/4.0/
 

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