期刊名称：American Journal of Industrial and Business Management
印刷版ISSN：2164-5167
电子版ISSN：2164-5175
出版年度：2015
卷号：05
期号：05
页码：311-323
DOI：10.4236/ajibm.2015.55032
语种：English
出版社：Scientific Research Publishing
摘要：This study investigates empirically the effect of dividend policy and investment decision on financing decision. To obtain the objectives, the data required, ranging from 2004 to 2013, were collected from the financial statements of all the banking firms listed in Karachi Stock exchange. Investment opportunity and actual investment were used as proxies of investment decision. Profitability and firm size were used as control variables. Multiple regression models were used to estimate the variables of interest. It was concluded that investment opportunity had significant effect on financing decision; however, the effects had no particular pattern. Furthermore, actual in-vestment and dividend policy had no impact on financing decision.
