Sheikh, Nadeem Ahmed; Qureshi, Muhammad Azeem - In: Applied Financial Economics 24 (2014) 19, pp. 1249-1260
This article aims to investigate whether corporate income taxes affect the capital structure of nonfinancial firms listed on Karachi Stock Exchange Pakistan during 1972-2010. Empirical results suggest that taxes are positively related to total debt ratio and short-term debt ratio, whereas they...