This study examines relationship between corporate investment decision and firm performance with the moderating role of cash flows. The sample of this study is consisting of 68 nonfinancial companies and data are gathered from companies audited annual reports and business recorder websites for 2013–2017. Simple multiple regression and moderated regression analysis are used to achieve objectives of the study. The overall findings of the study show that corporate investment decisions significantly influence the performance of the company. Moreover, the results of the overall moderated regression show that cash flows significantly but negatively moderate the relationship between corporate investment decisions and performance of the company. The study results reveal that investment decisions have a greater significant effect on accounting base performance rather than market base performance.
The study aims to explore the factors influencing the accessibility of small and medium-sized enterprises to institutional finance and moderating role of government supports in the relationship between collateral security, interest rates, financial information, business ownership, and accessibility to finance facilities in Pakistan. The moderation multiple regression analysis was applied for analysis using SMART PLS3.0 software. A fully structured questionnaire is used for gathering data or information from the respondents. The results showed that all the variables are directly and significantly influencing access to finance except interest rates, but interest rates indirectly affect the dependent. The government support does moderate in the interaction between collateral security, interest rate, and financial accessibility. On the other hand, the variable doesn't quite moderate the interaction between financial information, business ownership, and financial accessibility in Pakistan. This research aimed at making access to finance services essentially helpful to the SME industry by knowing what impacts their financial accessibility and helping lending institutions in understanding what effectively prevents the SME industry from accessing finance-related services in Pakistan.
The motivation behind conducting this research is to study the association between oil prices and Islamic and conventional stock indexes’ performance in the Malaysian market during COVID-19 using the wavelet analysis technique. The daily data on selected variables were collected from 1 January 2020, to 10 June 2021. Empirical investigation was made with wavelet analysis along with the Toda-Yamamoto test. The results revealed the significant response of both indexes to the oil price. Such response was negative for the short- and medium terms; however, it became positive in the long run. Our research has several important implications and recommendations for asset managers and policymakers. Policymakers and regulators should promote awareness and adopt effective action plans to minimize the risk of change in oil prices during the COVID-19 period. This research will enable investors, scholars, and policymakers to improve their current structure and prepare them for any potential future crisis.
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