Qureshi, Muhammad Azeem; Sheikh, Nadeem Ahmed; Khan, … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 9 (2015) 2, pp. 344-356
(POT) or trade-off theory (TOT); better explains the corporate leverage behaviour in Pakistan. For this purpose, we use … listed on Karachi Stock Exchange Pakistan during 1972-2010 Our results indicate that leverage has two pervasive and … significant relationships. First, leverage is negatively related to current and past profitability. Second, leverage is positively …