This study aims to investigate the direct relationship between precautionary cash holdings, cash flow volatility and the financial constraints of Pakistani firms for the period 2003–2013.The study also takes into account the 2008 financial crisis. This study seeks to discover that if a firm is...

Purpose – The purpose of this paper is to investigate the relationship between firm value and cash holdings for the period 2003-2008. This study seeks to find if there are costs and benefits associated with holding too much or too little cash, then an optimal cash level exists where marginal...

This study is conducted to evaluate suitability of existing business environment in Pakistan for application of sharia based financing. Opinion survey of finance professionals, Islamic Bankers, entrepreneurs and academicians is conducted through questionnaire. Findings suggest number of hurdles...

Islamic banking has shown tremendous growth in first decade of 21st century. By the end of 2008, global volume of assets under Islamic banking has reached to US $ 951 Billion. In Pakistan Islamic banking has displayed a tremendous average annual growth of 76% in last seven years and covers 6% of...

This paper posits that the relevance and indeed the assumptions of the dividends cost minimization model are restricted to those countries where shareholders rights are well protected. Alternatively, we propose an “investor power” hypothesis, which is closely akin to the La Porta et al....

This paper examines the impact of group - and family - ownership on financial performance of a sample of firms listed on the Karachi Stock Exchange from the year 2003 to 2008. Since previous studies have found ownership structure to be endogenously determined, we account for this problem by...