The purpose of this study is to examine determinants of corporate investment decisions. By adopting a static approach, the findings show that cash-flow, fixed capital intensity, business risk, leverage, and firm size are the key elements in making investment activities. Additionally, by using a dynamic approach, the results reveal that past investment also affects investment decisions at the firm level.

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PurposeThis study conceptualizes job engagement and satisfaction as a crucial mediating mechanism in the relationship between procedural justice and citizenship behavior at individual level (OCB) under the boundary conditions of perceived supervisor support (PSS) and rewards and recognition (RR).Design/methodology/approachThe survey data were obtained from two periods of time. To reduce the potential bias, the authors approached respondents from different business units and measured RR and OCB from different points of time. The authors assessed the path significance at 95% bias-corrected confidence interval or more by the PLS algorithm and bootstrapping statistics.FindingsUsing an import-export company data, this study substantiates a positive effect of the proposed mediational mechanism of job engagement and satisfaction. In addition, the authors substantiate moderating roles of PSS and RR in the relationships between procedural justice and job satisfaction and, between job engagement and OCB, respectively.Originality/valueThis study is an important extension in enhancing the procedural justice and OCB relationship. The results do not only underscore the contributions of job engagement and satisfaction as vital mediators to the assumed relationship but also lend support to the inclusion of the moderating effects of PSS and RR.

This paper analyses the impacts of financial development on economic activities of Vietnamese households by using 1,685 households from the Vietnam Living Standard Survey conducted in 2004. It is shown that financial development has a positive effect on household income through improving the level of savings and investment, and productivity and reducing the problem of asymmetric information. Moreover, financial development plays a positive role in household economic welfare.

This paper examines the determinants of stock market development in Southeast Asian countries. Our findings show that income growth rate, saving rate, financial development, stock market liquidity, and macroeconomic stability are the main determinants of market capitalization. Meanwhile macroeconomic stability meas- ured by the change in inflation and the financial crisis have had a negative effect on market capitalization, other variales have a potivive effect.