’ performance and stock return for listed firms in Pakistan. For empirical analysis of this study, panel data of 63 financial and … nonfinancial firms rated by Pakistan Credit Rating Agency (PACRA) and Karachi Stock Exchange covering period from 2007-2011 is used … duality) are important factors in predicting firms’ credit rating in Pakistan. The analysis further suggests that firms with …

explaining dividend decisions in case of Pakistan. Free cash flow and return on asset are significant and support free cash flow …