Incorporating demand-side aspects into regional policy: variations in the importance of private investment decision factors across regions

Azzoni, Carlos Roberto; Kalatzis, Aquiles Elie Guimarães

doi:10.1007/s00168-008-0242-y

Cited by 4 publications

(3 citation statements)

References 39 publications

(44 reference statements)

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“…Fourth, Leverage has a negative impact on investment decisions but is not statistically significant. This result is in contrast to the studies of Azzoni and Kalatzis (2006), Adelegan and Ariyo (2008), Jangili andKumar (2010), andNair (2011). This shows that the level of debt use does not play an important role in the investment decisions of economic groups.…”

Section: Discussioncontrasting

confidence: 85%

“…In other words, this indicates that cash-flow is an important determinant of economic group investment decisions and can help stimulate investment. This result is also matched with the findings of Aivazian et al (2005), Azzoni and Kalatzis (2006), Adelegan and Ariyo (2008), Jangili and Kumar (2010), Nair (2011), Ruiz-Porras andLopez-Mateo (2011). In Vietnam, the method of presenting cash flow statement does not affect the information users in making loan decisions (Nguyen, 2020) Second, investment opportunities have a negative impact on the investment decisions of the economic group with a significance of 5%.…”

Section: Discussionsupporting

confidence: 80%

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Factors Affecting Corporate Investment Decision: Evidence from Vietnamese Economic Groups

Phan¹,

Nguyen²

2020

JAFEB

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This paper analyzes factors affecting corporate investment decisions in economic groups listed on the Vietnam stock market. The panel data of the research sample includes 39 economic groups listed on the Vietnam stock market from 2009 to 2019. The Generalized Least Square (GLS) is employed to address econometric issues and to improve the accuracy of the regression coefficients. In this research, the investment rate is a dependent variable. Cash-flow (CF), Investment opportunities (ROA), Fixed capital intensity (FCI), Leverage (LEV), Sales growth (GR), Size (SZ), Business risk (RISK) are independent variables in the study. The model results show that cash flow and sales growth have the same impact on investment decisions of economic groups in Vietnam. In addition, investment opportunities have a negative impact on the capital investment decisions of economic groups. The remaining factors include fixed capital intensity, leverage, firm size, and business risks that have a weak and insignificant impact on capital investment decisions of economic groups in Vietnam. The findings of this article are useful for business administrators, and helping business managers make the right financial decisions. Besides, the research results are also meaningful to money management agencies. The authors recommend that the State Bank of Vietnam should maintain a sustainable monetary policy.

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Section: Discussioncontrasting

confidence: 85%

Section: Discussionsupporting

confidence: 80%

Factors Affecting Corporate Investment Decision: Evidence from Vietnamese Economic Groups

Phan¹,

Nguyen²

2020

JAFEB

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“…The investment rate is computed as a change in the fixed assets of the firm. A similar proxy was adopted by Azzoni et al (2006), Agyei-Mensah (2021). It is calculated as: …”

Section: Methodsmentioning

confidence: 99%

Do national culture and board attributes influence corporate investment decisions?

Agyei-Mensah¹

2023

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Purpose The purpose of this paper is to study the relationship between board attributes and national culture on firms’ investment decisions. Design/methodology/approach The study used data from listed firms from seven Sub-Saharan Africa countries. Descriptive analysis was performed to provide the background statistics of the variables examined. This was followed by regression analysis, which constitutes the main data analysis. Findings The multiple regression analysis results indicate a negative relationship between uncertainty avoidance (UAI) and corporate investment decisions. The study also found that there is a negative relationship between the interaction between UAI and the number of independent board members and corporate investment decisions. Originality/value This study is one of the few to measure the influence of governance variables and national culture on corporate investment decisions in Sub-Sahara Africa.

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Proposing a new methodology for prioritising the investment strategies in the private sector of Iran

Yazdani-Chamzini

Shariati

Yakhchali

et al. 2014

Economic Research-Ekonomska Istraživanja

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Incorporating demand-side aspects into regional policy: variations in the importance of private investment decision factors across regions

Abstract: G31, O16, R42, R58,

Cited by 4 publications

References 39 publications

Factors Affecting Corporate Investment Decision: Evidence from Vietnamese Economic Groups

Factors Affecting Corporate Investment Decision: Evidence from Vietnamese Economic Groups

Do national culture and board attributes influence corporate investment decisions?

Proposing a new methodology for prioritising the investment strategies in the private sector of Iran

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