This study investigates the determinants of capital structure of leasing firms in Pakistan for the period 2003 to 2008. Size, profitability, growth, net investment in lease finance, liquidity and tax paid are used as determinants of capital structure. Using a balanced panel sample, we find that...

Economists and financial analysts have always wondered whether or not investment in common stocks can provide hedge against inflation. In this paper we empirically tested this relationship between stock returns and inflation rate to assess the extent, if any, to which investment in common stocks...

Cash flow statements have a longstanding history as mandated financial statement disclosures, having replaced funds flow statements. The usefulness of such disclosures with respect to one of the main purposes of financial statements—providing information relevant to the assessment of future...

Purpose Pharmaceutical marketers and manufactures create hype of demand among patients towards a specific brand of drug or disease through drug advertisements. It induces the patients to seek additional information of the brand and ask for its prescription generation by the physician. The paper...

Purpose: The international institutions, policymakers and governments are promoting green growth as a policy objective for global financial stability (FS) without sound empirical investigation. Therefore, the purpose of this study is to investigate whether the green economy would be successful...

CAPM with all its controversies is still valid, popular and most used asset pricing model in world. Three major perspectives run among the researchers. The first rejects CAPM completely and the rest two advocates changes but differently. A scrupulous analysis yields that investors care more for...

This study investigates that whether Karachi Stock Exchange is efficient or otherwise over the period from July 1997 to April 2010. To examine the efficiency, various stock market anomalies (i.e. Days of week Effect, With-in month Effect, Turn of Month Effect) have been estimated.Results show no...