Please take a moment to complete this survey below
Library's collection Library's IT development CancelConducted research study aim in examine factors influencing corporate investment decision with
the existence of agency problem with asymmetry of information and managerial discretion in
global economic condition nowadays. Applying dynamic panel data model, Generalized Method
Model (GMM), research obtain result of relationship between financial factors toward corporate
investment decision in Indonesian public listed manufacturing firm industry with sample of 65
corporate firms with a 5year observation. Result findings shows that in highly competitive market,
the dependency toward internal generated fund will be significant, however, firm through qualified
management could further rely on other source of fund, external funding when they unable acquire
the capital expenditure as part of their corporate investment decision as one of their strategic
planning, with internal source of fund as they urged to remain competitive in preserve their position
in the market industry.
Keyword: Corporate Investment decision, capital expenditure, cash flow, operating cash flow,
profitability, market competition.