J 2020

Capital Investments and Manufacturing Firms’ Performance: Panel-Data Analysis

GRODZIĆ, Vanja, Branislav MARIĆ, Mladen RADIŠIČ, Jarmila ŠEBESTOVÁ, Marcin LIS et. al.

Základní údaje

Originální název

Capital Investments and Manufacturing Firms’ Performance: Panel-Data Analysis

Autoři

GRODZIĆ, Vanja (688 Srbsko, garant), Branislav MARIĆ (688 Srbsko), Mladen RADIŠIČ (688 Srbsko), Jarmila ŠEBESTOVÁ (203 Česká republika, domácí) a Marcin LIS (616 Polsko)
Lis Marcin.

Vydání

Sustainability, 2020, 2071-1050

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50204 Business and management

Stát vydavatele

Švýcarsko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

Kód RIV

RIV/47813059:19520/20:A0000131

Organizační jednotka

Obchodně podnikatelská fakulta v Karviné

DOI

UT WoS

000522460200407

Klíčová slova anglicky

capital investments; firm performance; profitability; sustainability; panel data

Příznaky

Mezinárodní význam, Recenzováno

Anotace

V originále

The main goal of this study was to examine the effects of capital investments on firm performance, using panel-data analysis. For this purpose, financial data were gathered for 60 manufacturing firms based in Serbia, in the period from 2004 to 2016. The main research hypotheses were developed in accordance with the definition, nature, and time aspect of capital investments. Therefore, empirical expectation of this study was that the relationship between capital investments and firm performance should be positive—they probably bring losses to the firm in the short term, but they should increase firm performance in the long term. Finally, the results have indeed shown that capital investments have statistically significant negative effect on the short-term performance, but positive effect on the long-term performance of the analyzed firms, while controlling for time-fixed effects and certain internal factors.