at the Karachi Stock Exchange (KSE) and 27 districts high courts of Pakistan. The results indicate that leverage ratio … Pakistan remains scanty. This paper is a step forward in this direction. Specifically, this paper draws on the recent … worsening judicial efficiency increases leverage ratios of large firms and decreases leverage ratios of small firms which is an …

explanatory variables to measure their effect on leverage ratio. Three of our variables were significantly related to leverage …

ratio (proxy for leverage). Using the technique of panel data analysis, we observe that of the four independent variables …, growth, size, and profitability have significant effect on leverage. However, we do not find tangibility as significantly … correlated with leverage …

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 …