Irfan, Chaudhary Mohammad - In: The Pakistan development review : PDR 41 (2002) 4: Papers and proceedings, pp. 517-533
This paper identifies the joint effect that multiple factors exert on share prices in Karachi Stock Exchange (KSE), using annual balance sheet data of listed firms during 1981 to 2000. Out of six theory-suggested fundamental variables (divident yield, payout ratio, size, asset growth, leverage,...