In this study we test the mean-variance capital asset pricing model (CAPM) developed by Sharpe (1965) Lintner (1966) on individual stocks traded at Karachi Stock Exchange (KSE), the main equity market in Pakistan for the period 1993-2004 using daily and monthly data. The empirical findings do...

This study examines the determinants of dividend policy by Lintner (1956) and Braittan (1966) and their extended versions to examine their relative significance in the Pakistani context. The sample consists of thirty-five firms in the overall manufacturing sector and three sub-sectors: textile,...

This study has examined the reaction of Pakistani stock market to earthquake of October 8, 2005 and its impact on the price, volume and volatility behavior of sixty firms listed on Karachi Stock Exchange (KSE) The event study methodology is adopted to assess the KSE response to this unforeseen...

This study empirically tests the conditional CAPM, conditional consumption CAPM and conditional multifactor CAPM model with individual stocks traded at Karachi Stock Exchange (KSE), the main equity market in Pakistan for the period 1993-2004. The ability of conditional CAPM models in forecasting...

We investigated whether differences in quality of firm level corporate governance can explain the firm level performance in cross-section of companies listed at Karachi Stock Exchange. We analyzed relationship between firm-level value and total Corporate Governance Index (CGI) and three...

This study examines the dynamics and determinants of dividend payout policy of 320 non-financial firms listed in Karachi Stock Exchange during the period of 2001 to 2006. It is also one of the very first examples which try to identify the potential dynamics and determinants of dividend payout in...

The objective of this study is to examine the long run relationship between real GDP per capita and electricity consumption for Pakistan over the period 1971 to 2010. The results reveal that there is unidirectional causality from electricity consumption to real GDP per capita. The findings of...

Purpose The purpose of this paper is to explore the role of corporate governance proxies by ownership structure on the likelihood of firms’ financial distress for a sample of 146 Pakistani public-limited companies listed at the Karachi Stock Exchange over the period of 2003-2012....