Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/188349 
Erscheinungsjahr: 
2018
Quellenangabe: 
[Journal:] Pakistan Journal of Commerce and Social Sciences (PJCSS) [ISSN:] 2309-8619 [Volume:] 12 [Issue:] 1 [Publisher:] Johar Education Society, Pakistan (JESPK) [Place:] Lahore [Year:] 2018 [Pages:] 363-378
Verlag: 
Johar Education Society, Pakistan (JESPK), Lahore
Zusammenfassung: 
Peer effect is attractive as firms try to mimic financial decisions taken by one another. The current study explores the impact of peers' investment decisions on corporate firm's investment decisions. To capture this essence, the study utilized firm-specific characteristics as well as peer firm-specific characteristics mainly growth, leverage, market to book ratio, free cash flow and stock return. In this study, the corporate accounting data relating to firms' investment policies is taken from the published annual audited reports of the firms for the period between 2005 and 2015. GMM fixed effect model is used for data analysis. The results of the study reveal significant impact of peers' investment policies on corporate firm's investment decisions.
Schlagwörter: 
peer effect
mimicking behavior
investment policy
leverage
cash flow
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