Determinants of Capital Expenditure on Manufacturing Companies in Sri Lanka
No Thumbnail Available
Files
Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya
Abstract
This study investigates the impact of determinants of capital expenditure on
manufacturing sector in Sri Lanka. Free cash flow, ROA, financial leverage and size
of the firm are the independent variables represents the determinants of capital
expenditure which is the dependent variable. Data are collected from 15
manufacturing companies during the period of 2010-2014. Multiple regression model
is used to develop a relationship between capital expenditure and the determinants
of that. I find that there is a relationship between ROA and capital expenditure and
there is a relationship between size of the company and capital expenditure.
Description
Keywords
Free cash flow, returns on assets, financial leverage and size of the firm
Citation
Kumarathunga, K.G.M.N. 2015. Determinants of Capital Expenditure on Manufacturing Companies in Sri Lanka. In Proceedings of the 4th Students’ Research Symposium, Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. p 29.