The Influence of National Culture on the Relationship between a Firm’s Leverage and Investment across Manufacturing Companies

11th International Multi-Conference on Complexity, Informatics and Cybernetics (IMCIC 2020): Proceedings. Vol.2 2020
Zarina Begulova, Nataļja Lāce

Considering the growing competition on the markets,investment and diversification of the business are cruciallyimportant for any firms' growth.The current research is conducted to determine thefactors on the entity level that influence the investmentdecisions of the company and to what extent theinvestment decision depends on the leverage level. Moreover, the research is trying to identify the role ofnational culture in investment decisions and investmentleverage relation.The results prove that there is a significant relationshipbetween firm-level factors and corporate investment andthat the national culture has a strong moderating effect onthe leverage-investment relations.

Keywords
apital structure; Investment decisions; Leverage; National Culture
Hyperlink
https://www.iiis.org/CDs2020/CD2020Spring/papers/ZA462NL.pdf

Begulova, Z., Lāce, N. The Influence of National Culture on the Relationship between a Firm’s Leverage and Investment across Manufacturing Companies. In: 11th International Multi-Conference on Complexity, Informatics and Cybernetics (IMCIC 2020): Proceedings. Vol.2, United States of America, Orlando, 10-13 March, 2020. Winter Garden: International Institute of Informatics and Systemics, 2020, pp.93-98. ISBN 978-1-950492-32-9.

Publication language
English (en)