2022
DOI: 10.54692/ajss.2022.06011680
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Role of Leverage in the Corporate Investment Decisions Empirical Evidence of an Emerging Economy

Abstract: In the instance of emerging economies, this research examines the firms’ investment decision and leverage relationship. This study examines a sample Pakistan Stock Exchange (PSX) listed firms. Time period consists of six years from 2015 to 2020. To investigate the investment and leverage link Generalized Least Square (GLS) regression is used because of its more precise estimates than the ordinary least squares (OLS) estimator. Results reveal that leverage is negatively and significantly associated with the inv… Show more

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