The Impact of Investment Decisions on Firm Profitability of Non-Financial Sectors in Pakistan: Mediating Role of Sales Growth
Author
Abstract
Suggested Citation
DOI: 10.52131/joe.2022.0404.0097
Download full text from publisher
References listed on IDEAS
- Butt, Babar Zaheer & Hunjra, Ahmed Imran & Rehman, Kashif-Ur-, 2010. "Financial management practices and their impact on organizational performance," MPRA Paper 32685, University Library of Munich, Germany.
- Aktas, Nihat & Croci, Ettore & Petmezas, Dimitris, 2015. "Is working capital management value-enhancing? Evidence from firm performance and investments," Journal of Corporate Finance, Elsevier, vol. 30(C), pages 98-113.
- Yu, Xiaodan & Dosi, Giovanni & Grazzi, Marco & Lei, Jiasu, 2017. "Inside the virtuous circle between productivity, profitability, investment and corporate growth: An anatomy of Chinese industrialization," Research Policy, Elsevier, vol. 46(5), pages 1020-1038.
- Nida Shah, 2016. "The Impact of Working Capital Management on Firms Profitability in Different Business Cycles: Evidence from Pakistan," Journal of Finance and Economics Research, Geist Science, Iqra University, Faculty of Business Administration, vol. 1(1), pages 58-70, March.
- Saqib Muneer & azhar Ali & Rao Abrar Ahmad, 2017. "Impact of Financing on Small and Medium Enterprises (SMEs) Profitability with Moderating Role of Islamic Finance," Information Management and Business Review, AMH International, vol. 9(2), pages 25-32.
- Bhutto, Sarfaraz & Rajper, Zulfiqar & Mangi, Riaz Ahmed & Ghumro, Ikhtiar Ali, 2018. "Impact of Working Capital Management on Financial Performance of Firms: Evidence from Pakistani Firms," Sukkur IBA Journal of Management and Business, Sukkur IBA University, vol. 5(2), pages 24-44, July-Dece.
- Michał Gradzewicz, 2021.
"What Happens After an Investment Spike—Investment Events and Firm Performance,"
Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 39(3), pages 636-651, July.
- Michal Gradzewicz, 2018. "What happens after an investment spike - investment events and firm performance," KAE Working Papers 2018-040, Warsaw School of Economics, Collegium of Economic Analysis.
- Saqib Muneer & Rao Abrar Ahmad & Azhar Ali, 2017. "Impact of Financial Management Practices on SMEs Profitability with Moderating Role of Agency Cost," Information Management and Business Review, AMH International, vol. 9(1), pages 23-30.
- Munawar Shabbir & Umer Iftikhar & Ahtesham Ali Raja, 2018. "Impact Of Working Capital Management On Profitability And Value Of Firm: A Study Of Manufacturing Sector Of Pakistan," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(2), pages 14-11.
- Aida Krichene & Emna Baklouti, 2020. "Internal audit quality: perceptions of Tunisian internal auditors an explanatory research," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 19(1), pages 28-54, November.
- Munawar Shabbir & Umer Iftikhar & Ahtesham Ali Raja, 2018. "Impact Of Working Capital Management On Profitability And Value Of Firm: A Study Of Manufacturing Sector Of Pakistan," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(2), pages 1-12.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Vanja Grozdić & Branislav Marić & Mladen Radišić & Jarmila Šebestová & Marcin Lis, 2020. "Capital Investments and Manufacturing Firms’ Performance: Panel-Data Analysis," Sustainability, MDPI, vol. 12(4), pages 1-18, February.
- Mawih Kareem AL Ani & Kavita Chavali, 2023. "The relationship between investment intensity and profitability measures from the perspective of foreign investors," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
- L. Sooriyakumaran & Dr. S. S. Thrikawala & C. Pathirawasam, 2022. "A Study Between the Association of Financial Management Practices and Performance of Small and Medium Enterprises (SMEs) Background: A Working Paper," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(1), pages 166-179, January.
- Torsten Heinrich & Jangho Yang & Shuanping Dai, 2020.
"Growth, development, and structural change at the firm-level: The example of the PR China,"
Papers
2012.14503, arXiv.org.
- Torsten Heinrich & Jangho Yang & Shuanping Dai, 2020. "Growth, development, and structural change at the firmlevel: The example of the PR China," Chemnitz Economic Papers 040, Department of Economics, Chemnitz University of Technology.
- Heinrich, Torsten & Yang, Jangho & Dai, Shuanping, 2020. "Growth, development, and structural change at the firm-level: The example of the PR China," MPRA Paper 105011, University Library of Munich, Germany.
- Heinrich, Torsten & Yang, Jangho & Dai, Shuanping, 2021. "Growth, development, and structural change at the firm level: The example of the PR China," Working Papers on East Asian Studies 128/2021, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
- Duo Xu & Christopher Gan & Zhaohua Li & Pengcheng Wang, 2021. "Earnings, Working Capital and Dividend Payout: Evidence from the London Stock Exchange," Annals of Economics and Finance, Society for AEF, vol. 22(2), pages 421-449, November.
- N. A. Goncharova* & I. S. Kondratenko & E. N. Zamaraeva, 2018. "Economic Mechanism of Industrial Enterprise Resources Management Efficiency Assessment," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 4(12), pages 470-477, 12-2018.
- Bustos, Emil, 2023. "The Effect of Financial Constraints on Inventory Holdings," Working Paper Series 1463, Research Institute of Industrial Economics.
- Afrifa, Godfred & Tingbani, Ishmael, 2017. "Working Capital Management, Cash Flow and SMEs’ Performance," MPRA Paper 82894, University Library of Munich, Germany, revised Oct 2017.
- Ala’a Adden Abuhommous & Ahmad Salim Alsaraireh & Huthaifa Alqaralleh, 2022. "The impact of working capital management on credit rating," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-20, December.
- Zheng, Xiaotian & Zhou, Youcheng & Iqbal, Sajid, 2022. "Working capital management of SMEs in COVID-19: role of managerial personality traits and overconfidence behavior," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 439-451.
- Godfred Adjapong Afrifa & Ahmad Alshehabi & Ishmael Tingbani & Hussein Halabi, 2021. "Abnormal inventory and performance in manufacturing companies: evidence from the trade credit channel," Review of Quantitative Finance and Accounting, Springer, vol. 56(2), pages 581-617, February.
- Tarkom, Augustine & Ujah, Nacasius U., 2023. "Global policy uncertainty and working capital management: Does national culture matter?," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
- Mafumbate J & Ndlovu U & Mafuka A & Gavhure P, 2017. "The Influence of Firm Specific Determinants on Financial Performance in the Power Industry," Journal of Economics and Behavioral Studies, AMH International, vol. 9(5), pages 18-28.
- Giovanni Dosi & Xiaodan Yu, 2017.
"Technological catching-up, sales dynamics and employment growth: evidence from China's manufacturing firms,"
LEM Papers Series
2017/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Dosi, Giovanni & Yu, Xiaodan, 2018. "Technological catching-up, sales dynamics and employment growth: evidence from China’s manufacturing firms," GLO Discussion Paper Series 177, Global Labor Organization (GLO).
- Ajaya Kumar Panda & Swagatika Nanda & Pradiptarathi Panda, 2021. "Working Capital Management, Macroeconomic Impacts, and Firm Profitability: Evidence from Indian SMEs," Business Perspectives and Research, , vol. 9(1), pages 144-158, January.
- Emad Kazemzadeh & José Alberto Fuinhas & Narges Salehnia & Fariba Osmani, 2023. "The effect of economic complexity, fertility rate, and information and communication technology on ecological footprint in the emerging economies: a two-step stirpat model and panel quantile regressio," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 737-763, February.
- Lin, Boqiang & Xie, Yongjing, 2024. "How feed-in-tariff subsidies affect renewable energy investments in China? New evidence from firm-level data," Energy, Elsevier, vol. 294(C).
- Ahmed Mohamed Habib & Nahia Mourad, 2022. "Analyzing the Efficiency of Working Capital Management: a New Approach Based on DEA-Malmquist Technology," SN Operations Research Forum, Springer, vol. 3(3), pages 1-20, September.
- Niazi, Ghulam Shabbir Khan & Hunjra, Ahmed Imran & Rashid, Majid & Akbar, Syed Waqar & Akhtar, Muhammad Naeem, 2010. "Practices of working capital policy and performance assessment financial ratios and their relationship with organization performance," MPRA Paper 40659, University Library of Munich, Germany.
- Chauhan, Gaurav Singh, 2019. "Are working capital decisions truly short-term in nature?," Journal of Business Research, Elsevier, vol. 99(C), pages 238-253.
More about this item
Keywords
Working capital management; Capital expenditure; Profitability; Pakistan;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ani:irdjoe:v:4:y:2022:i:4:p:527-543. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Abrar ul Haq (email available below). General contact details of provider: https://journals.internationalrasd.org/index.php/joe/index .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.