Dynamism of Capital Structure: Evidence from Pakistan
نویسندگان
چکیده
منابع مشابه
The Effects of Global Economic Crisis on Capital Structure: Empirical Evidence from Tehran Stock Exchange (TSE)
Abstract The global economy faces crisis every so often. In recent years, the financial crisis has affected the global economy; all countries, directly or indirectly, are involved. The purpose of this research is to study the impact of the global economic crisis on the capital structure of listed companies in Tehran Stock Exchange. To test this effect, 87 companies listed in Tehran Stock Excha...
متن کاملCross-Industry Determinants of Capital Structure: Evidence from Pakistani Data
This study investigates the cross-industry determinants of capital structure. Sample consists of firms from three main industries (textile, cement and power industry) of Pakistan. Five year data from 2005 to 2009 is collected for 199 firms out of which 149 firms from textile industry, 23 from cement industry and 27 from power industry. Leverage is taken as a dependent variable and Profitability...
متن کاملBoard Independence, Ownership Structure and Firm Performance: Evidence from Pakistan
The present study carried out to examine the relationship between ownership structure, board independence and firm performance of eighty listed firms at KSE for the period of 2005-2009. Performance is evaluated with the help of market based and accounting based performance measures. Marris ratio and Tobin‟s Q are used as estimators of market performance, while ROA, ROE has been used as accounti...
متن کاملDoes Diversification Affect Capital Structure and Profitability in Pakistan?
Diversification has become a common strategy of corporate risk management along with availing other potential benefits. The intent of this study is to identify and analyze the nature of relationship that exists between diversification and capital structure as well as profitability in Pakistan. For this purpose we use the 10 years’ (2000-2009) data of all the companies of chemical and food secto...
متن کاملCapital structure and product markets interactions: Evidence from business cycles
This paper provides firmand industry-level evidence on the effects of capital structure on product market outcomes for a large cross-section of industries over a number of years. The analysis uses shocks to aggregate demand as surrogates for exogenous changes in the product market environment. I find that debt financing has a negative impact on firm (relative-to-industry) sales growth in indust...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of International Business and Economics
سال: 2015
ISSN: 2374-2208,2374-2194
DOI: 10.15640/jibe.v3n1a7