Does Financial Leverage Influence Investment Decisions? The Case of Pharmaceutical Firms in India

2014 ◽  
Author(s):  
M. Kannadhasan
Keyword(s):  
Investment Decisions ◽  
Financial Leverage ◽  
Pharmaceutical Firms

Strategic Research and Development Investment Decisions in the Pharmaceutical Industry

2020 ◽  
Vol 39 (3) ◽  
pp. 564-586
Author(s):  
Anita Rao
Keyword(s):  
Pharmaceutical Industry ◽  
Drug Development ◽  
Research And Development ◽  
Investment Decisions ◽  
Strategic Research ◽  
Pharmaceutical Firms

Do pharmaceutical firms respond to the actions of their competitors in R&D, and if so, what implications does this have for policies aimed at incentivizing drug development?

scholarly journals PENGARUH FIRM SIZE DAN FINANCIAL LEVERAGE TERHADAP FINANCIAL PERFORMANCE PADA PT. JAPFA COMFEED INDONESIA

2021 ◽  
Vol 1 (2) ◽  
pp. 45-54
Author(s):  
Sumarno Nano ◽  
Ade Ponirah ◽  
Nurudin Falah
Keyword(s):  
Financial Performance ◽  
Firm Size ◽  
Significant Influence ◽  
Investment Decisions ◽  
Secondary Data ◽  
Financial Statements ◽  
The State ◽  
Financial Leverage ◽  
Investor Confidence ◽  
A Company

The company's financial performance is the first benchmark to build investor confidence. Describes the state of the company and can be a reference for investment decisions. This article aims to increase the influence of firm size and financial leverage on financial performance of PT.Japfa Comfeed Indonesia  firm size shows the size of a company. While financial leverage the proportion of debt usage to finance its investment. This article also uses descriptive methods and quantitative approaches, namely to describe the results of research whose data is presented in numerical form. The data in this article is secondary data taken from  financial statements PT. Japfa Comfeed Indonesia, Tbk. and supported by literature and documentation studies, which are processed statistically and quantitatively. The results of this study concluded that partially firm size has an insignificant influence on financial performance. But for financial leverage has a significant influence on financial performance. Simultaneously, firm size and financial leverage have a significant influence on financial performance with a contribution of 66.8% meaning that 33.2% of financial performance is influenced by other factors that are not examined in this study.

scholarly journals Impact of Leverage and Debt Maturity on Investment Decisions of Vietnam’s Enterprises

2014 ◽  
Vol 220 ◽  
pp. 97-115
Author(s):  
Linh Trần Thị Thuỳ ◽  
Thuý Tạ Thị
Keyword(s):  
Investment Decisions ◽  
Structural Equations ◽  
Research Data ◽  
Debt Maturity ◽  
Financial Leverage ◽  
Corporate Liquidity ◽  
Financing Decisions ◽  
Maturity Structure ◽  
Endogenous Variables ◽  
The Impact

The research aims to analyze the impact of financing decisions on investment ones and examine the relationships between leverage, debt maturity structure, investment and growth opportunities. A system-based model is employed, including three structural equations in which leverage, debt maturity and investment are adopted as endogenous variables. The research data consist of 100 enterprises listed on HOSE and HNX in the period 2007-2012. The results indicate that financial leverage negatively correlates with investment decisions, whereas no correlation is revealed between debt maturity and corporate investment, which is compliant with findings by Dang (2011) and Aivazian et al. (2005). Accordingly, for Vietnamese enterprises, there exists an interaction among leverage, debt maturity and investment. Financial leverage and debt maturity are used as alternative strategies to control corporate liquidity.

Effect of Financial Leverage on Firms Performance : Case of Listed Pharmaceutical Firms in Nigeria

2020 ◽  
Vol 12 (2) ◽  
pp. 93-101
Author(s):  
Anifowose , Abolaji Daniel ◽  
Soyebo , Yusuf Aina ◽  
Tanimojo , Temitope Aduragbemi
Keyword(s):  
Financial Leverage ◽  
Pharmaceutical Firms

scholarly journals The Role of Financial Analysis in Assessing the Prices of Shares of Jordanian Industrial Joint Stock Companies Listed on the Amman Stock Exchange

2019 ◽  
Vol 11 (6) ◽  
pp. 120
Author(s):  
Bahaa Sobhi AbdeLatif Awwad ◽  
Ammar Zakaria Abdallh Salem
Keyword(s):  
Market Share ◽  
Financial Analysis ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Share Price ◽  
Financial Ratios ◽  
Working Capital ◽  
Financial Leverage ◽  
Amman Stock Exchange

This study aimed to highlight the role of financial ratios in evaluating the prices of shares of Jordanian industrial joint stock companies listed on the Amman Stock Exchange; it also aimed to show which of these ratios has a more influential impact on these prices. The researcher conducted a test study survey to analyze the published data of (73) Jordanian industrial joint stock companies. The study sample (n= 18) formed about (25%) of the total population of the companies listed on the Amman Stock Exchange during the period 2010-2017. The researcher used the multiple regression method to identify the correlations between the financial ratios and the market share prices of the Jordanian industrial joint-stock companies. The results of the study showed a statistically significant effect for the Ratio of Circulation (CR), the Quick Ratio (QR), the Profit Per Share (EPS), the Return on Equity (ROE), the Debt Ratio (DR), the Total Assets Turnover (TAT), the Price- to- Earnings Ratio (PER), and the Price- to- Book Value Ratio (PBVR) on the market share price of the Jordanian industrial joint stock companies. However, the study showed no statistically significant effect of the Degree of Financial Leverage (DOL) and the rate of Working Capital Turnover (WCT) on the prices of these companies. In light of the study findings, the researcher recommended that all investors in the Amman Stock Exchange must have the know-how of the financial analysis, and to benefit from the expertise and knowledge of specialists in the financial analysis in order to rationalize their investment decisions and eventually take the best, decisive investment decisions. Companies should also consider the importance of financial leverage ratios and working capital turnover that may be reflected on the value/prices of their shares.

scholarly journals Does Financial Leverage Influence Investment Decisions? The Case Of Mauritian Firms

2011 ◽  
Vol 4 (9) ◽  
pp. 49 ◽  
Author(s):  
Mohun Prasadsing Odit ◽  
Hemant B. Chittoo
Keyword(s):  
Panel Data ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Investment Decisions ◽  
High Growth ◽  
Financial Leverage ◽  
Firm Level ◽  
Data Set ◽  
Growth Firms ◽  
The Impact

This paper primarily focuses on the impact of financial leverage on investment decisions of firms and it is an attempt to explore the impact of financial leverage on investment levels using firm-level panel data in Mauritius. We expect to contribute to the existing literature by bringing evidence from a panel data set, which comprises 27firms, all listed on the Stock Exchange of Mauritius (SEM), sampled over a 15 year-period (i.e. from 1990 to 2004). In addition, we demarcate between two types of firms, namely: (i) high-growth firms; and (ii) low-growth firms. The results reveal a significant negative relationship between leverage and investment. More interestingly, while we found a negative relationship between leverage and investment for low growth firm, our econometric results reveal an insignificant relationship between the two variables for high growth firm.

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