Sarwar, Bilal; Noor, Muhammad; Uz Zaman, Nadeem; Ur … - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-20
This paper aims to analyze factors explaining the capital structure puzzle in the banking sector of Pakistan. Capital Adequacy Ratio (CAR) is used as a proxy for bank capital structure. Secondary data has been collected from the publications of the State Bank of Pakistan and the annual reports...