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(POT) or trade-off theory (TOT); better explains the corporate leverage behaviour in Pakistan. For this purpose, we use … listed on Karachi Stock Exchange Pakistan during 1972-2010 Our results indicate that leverage has two pervasive and … significant relationships. First, leverage is negatively related to current and past profitability. Second, leverage is positively …
Persistent link: https://www.econbiz.de/10011928261
profitability, age, credit rating, size, leverage, growth, dividend payments, regulations and business group affiliation, we …
Persistent link: https://www.econbiz.de/10011929446
relationship i.e., impact of leverage on governance measures, this study found no significant affects. …
Persistent link: https://www.econbiz.de/10011926910
structure targets in Pakistan for the period 1999 to 2013. The study also assesses the effect of adjustment speed on the … structure targets in Pakistan for all five industrial groups. We found that the capital structure adjustment speed significantly … varies across industrial sectors and over time. The firms in Pakistan adjust their capital structure toward dynamic targets …
Persistent link: https://www.econbiz.de/10011929330
between financially conservative (FC) and non-financially conservative (NFC) firms in Pakistan over the period 1998 … and to what extent these firms adjust their leverage towards the target. The results reveal that the adjustment process is …
Persistent link: https://www.econbiz.de/10011934199
intensive. The present paper is an attempt to measure the performance of banks in Pakistan on a new dimension of intellectual … capital. This paper estimates the value added intellectual capital (VAIC) of the banks in Pakistan for a 2 year period. The … study concludes that the private sector banks were doing much better than all other banks in Pakistan on intellectual …
Persistent link: https://www.econbiz.de/10011922987
addition to initial profits the study also checked the impact of leverage, firm's size and age on profitable growth. Logistic … and leverage had no impact on profitable growth of the sampled firms. In comparison to growth-focused firms, profit …
Persistent link: https://www.econbiz.de/10010344487
This particular study is regarded to the static trade off theory, pecking order theory, signaling theory and agency theory, life stage theory, transaction cost economics theory, market timing theory. This paper also estimates the results by an interactive structural equation modeling, depends on...
Persistent link: https://www.econbiz.de/10011928319
This study investigates the direct and indirect relationship between corporate governance and agency cost using bootstrap analysis. For a sample of 155 firms during 2009-2015, this study finds statistically significant both direct effect of corporate governance on agency cost of overinvestment,...
Persistent link: https://www.econbiz.de/10012153543
utilized firm-specific characteristics as well as peer firm-specific characteristics mainly growth, leverage, market to book …
Persistent link: https://www.econbiz.de/10011934179