This research paper tests the pecking order theory of capital structure on the textile firms listed on the Karachi Stock Exchange (KSE) covering a period of six years from 2004–2009. The basic pecking order model predicts that firms follow a pecking order of financing, preferring internal...

The study finds that determining the exact optimal or best capital structure is not a science, so after analyzing a number of factors, a firm establishes a target capital structure it believes is optimal, which is then used as a guide for raising funds in the future. In Pakistan as well there...

This is an empirical study that investigates the effect of firm's leverage on stock returns. For this purpose, new definitions of leverage and generalized method of movements (GMM) estimators were used. 102 listed companies for the period of 2003-2009 which met the criteria were chosen. The...

This study aims to examine the validity of Market Timing Theory (MTT) in the Indonesian context. The essence of MTT is when the market price of a company's stock is overvalued, the firms will take equity financing and debt financing for undervalued condition. The motivations of this study are to...

From the bottom in March 2009, developed stock exchanges returned to their levels before the crises, which were not the case with the Macedonian, and the other SEE Stock Exchanges. Thus, in this paper we explain some of the reasons for this stagnant situation through analysis of Macedonian...

Cash was one of the main sources for the survival of the company. And it seems any company without access to right cash will benefit from the optimal performance. Previous research shows companies that are suitable in terms of liquidity that are more in profits and achieve higher financial...

Abstract: This paper investigates the effects of financial leverage on dividend policy of listed companies on CSE in Sri Lanka. To measure the impact of financial leverage on dividend policy extended model of Linter (1956) was used. The study data has been collected for the period of five years...

The main purpose of this research is to find out the relationship between capital structure (debt-equity) as and Profitability of the listed cement companies in Pakistan Stock Exchange. Further specific objective is to find out relation of debt equity with gross profit, earning per share, and...

In financial management, an organization is always concerned about four major issues which are sources of finance, use of finance, investment decisions, and working capital management. Financial decisions have an influence on the ability of a corporation to remain a going concern since the wrong...