We examine comparative financial performance of business groups in Pakistan employing samples of firms listed on the Karachi Stock Exchange. Our descriptive results show that group firms are larger in size and have higher operating profits. Group firms also exhibit lower sales growth variability...

Significant amount of recent research continues to produce evidence in support of the presence of sheepskin effects in returns to schooling both for developed and developing countries. However, researchers have not made many attempts to identify or empirically test the possible mechanisms that...

Considerable recent research both for the developing as well as the developed countries has provided evidence for the existence of the sheepskin effect to the economic returns in schooling investment. However, there has not been much empirical work investigating the mechanism that may lie behind...

In the last few years, significant amount of research has produced evidence in support of the signaling, credential or "sheepskin" effects in rates of return to schooling for studies of the developed as well as developing countries. An example of the former is the seminal empirical work by...

Significant amount of recent research continues to produce evidence in support of the presence of sheepskin effects in returns to schooling both for developed and developing countries. However, researchers have not made many attempts to identify or empirically test the possible mechanisms that...