Determinants of Corporate Investment Decisions: The Case of Vietnam
Phan Dinh Nguyen
Phan Thi Anh Dong
Abstract
The purpose of this study is to examine determinants of corporate investment decisions. By adopting a static approach, the findings show that cash-flow, fixed capital intensity, business risk, leverage, and firm size are the key elements in making investment activities. Additionally, by using a dynamic approach, the results reveal that past investment also affects investment decisions at the firm level.