This article aims to investigate whether corporate income taxes affect the capital structure of nonfinancial firms listed on Karachi Stock Exchange Pakistan during 1972-2010. Empirical results suggest that taxes are positively related to total debt ratio and short-term debt ratio, whereas they...

Purpose – In view of the paradox of soaring malnutrition prevalence in an agrarian economy like Pakistan, political and economic pundits are of the opinion that Pakistan may face acute shortage of food in future if its political managers do not take holistic approach to address the issue. The...

Developing countries are affected by evident and persistent asymmetric income distribution. The increasing relevance of this issue to development agendas sets the need for planning tools that can support the analysis of the long-term impacts of alternative policies on income distribution. For...

Purpose The purpose of this paper is to investigate how conventional and Islamic commercial banks in Pakistan choose their capital structure and what are the most significant factors that affect their choice of capital structure. Design/methodology/approach The authors collected the data from...

Purpose There is no consensus among the experts that welfare can be increased through philanthropy or market is sufficient for the achievement of targeted level of welfare. It is still a main quest that giving visible good to one known fellow is better or market ethos have more positive impact...

Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practiceaims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate...

Purpose – The purpose of this paper is to assess how investment, financing and dividend policies may affect firm value. Design/methodology/approach – The paper develops a system dynamics‐based model by using “financial management approach,” “capital structure approach,”...

Purpose – The purpose of this study is to determine and investigate the relative importance of different factors that result in profit heterogeneity at firm level. Design/methodology/approach – This study uses analysis of variance (ANOVA) random effect model for a broad-based panel data of...

Purpose – The purpose of this paper is to present a dynamic macroeconomic framework that identifies the fundamental structure of public debt accumulation process in developing countries and its two way linkages with economic growth and public finances. Within this framework, the objective of...