20.500.12556/RUP-6816 Investment and profits causality analysis in selected EU countries Naložbe in dobički: analiza vzročnosti v izbranih državah Evropske unije The purpose of the paper is to present the theoretical and empirical analysis of the causal relationship between company's investment and profits. Following the previous research findings that are not unanimous, we examined the causal relation between profits and investment both at the aggregate and at the industry level. The theory on the field allows us to define three basic theses: profits determine investment on the aggregate level or industry sectors level in a national economy, investment determines profits, and profits determine investment and investment determine profits. We used the Granger definition of causality and the Toda-Yamamoto procedure. Based on the results of the analysis, we can claim that investment determines profits in a national economy. At the industry sectors level there is the greatest support for a cause-and-effect relation in the direction from profits to investment. The results of our empirical analysis and contextual interpretation can help in identifying potential factors and barriers that hinder the effective functioning of the economic system. It is undisputed that investment and profits is extraordinarily important for the economic system and that the investment and profits relation is undeniably strong. investment profits causality industry naložbe dobički vzročnost sektor gospodarstva true true false Angleški jezik Slovenski jezik Neznano 2015-10-14 06:25:29 2015-10-14 06:25:29 2024-03-01 12:50:30 0000-00-00 00:00:00 2014 0 0 Sistemske zahteve: spletni brskalnik, Adobe Reader str. 395-413, 417-418 no. 4 Vol. 12 Winter 2014 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336.1:061.1EU 1854-6935 1537126596 RAZ_Stubelj_Igor_i2014.pdf RAZ_Stubelj_Igor_i2014.pdf 1 B596E510A924049E4D932148CBA40647 daa926ef9203da855c532c03a5f6453580f7d5f652cc662e5b2c26981bfbe8a5 73152e45-c3d6-11ed-b5df-005056bf369b https://repozitorij.upr.si/Dokument.php?lang=slv&id=25799 Založba Univerze na Primorskem 0 0 0