Journal of Economics and Development, Vol. 15 No. 1 (2013), 32-48. https://doi.org/10.33301/2013.15.01.02
Determinants of Corporate Investment Decisions: The Case of Vietnam
Abstract
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.Keywords:Corporate investment, Tobin’s q, cash-flow, financial constraint.
How to Cite
Phan, D. N., & Phan, T. A. D. (2013). Determinants of Corporate Investment Decisions: The Case of Vietnam. Journal of Economics and Development, 15(1), 32-48. https://doi.org/10.33301/2013.15.01.02