The study seeks to investigate the firm specific and country specific factors affecting the corporate cash holdings of non-financial firms in Europe and Asia over the period 2010-2019. One step and two step system GMM panel estimators are applied in dynamic panel model for hypothesis testing. We...

This study tried to determine the influence of set of explanatory variables on the capital structure determination for Pakistani non-financial firms by using panel data. This study also finds the applicability of two capital structure theories (pecking order theory and trade-off theory) in...