Corporate capital structure where company could meet its financial requirements (current and expected future requirements) (tong & green, 2005) the task of maximizing the firm value can be achieved once financial mangers identify the determinants of capital structure. This study investigates the determinants of capital structure for manufacturing firms, listed on the karachi stock exchange (kse) pakistan during 2003‐2007, using the data published by the state bank of pakistan (sbp. Closely study initiates the major determinants of capital structure and their different aspects generally it covers up all features of the topic but particularly it is associated to textile industries capital structure listed at kse this topic investigates many features that affect the capital structure determinants.
Determinants of capital structure across selected manufacturing sectors of pakistan article (pdf available) january 2011 with 631 reads cite this publication. Determinants of capital structure in particular institutional settings or countries pakistan is a developing country with three stock exchanges, the karachi stock exchange (kse) being the largest one more than 700 companies are listed on kse like other developing economies, the area of capital structure is relatively unexplored in pakistan. The determinants of capital structure 1 proceedings of 2nd international conference on business management (isbn: 978-969-9368-06-6) the determinants of capital structure the determinants of capital structure: a case from pakistan textile sector (spinning units.
This empirical study attempted to explore the determinants of capital structure of 160 manufacturing firms listed on the kse pakistan during 2003‐2007 the investigation is performed using panel econometric techniques, namely, pooled ols, fixed effects, and random effects. Download citation on researchgate | the determinants of capital structure of the chemical industry in pakistan | this study is an attempt to determine the capital structure of listed firms in the. 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.
In pakistan, the first thorough study with regards to the determinants of capital structure of stock exchange-listed, non-financial firms of pakistan was conducted by shah and hijazi (2004) their work is considered a good start, considering the neglect of financial economics topics by researchers in pakistan. After proper filtration 132 firms were selected as final sample for analysis for the period of 2001-2009 balance sheet analysis published by state bank of pakistan has been used for the purpose of collecting data. The determinants of capital structure in stock exchange listed non financial firms in pakistan by dr syed tahir hijazi1 and attaullah shah2 1 professor & dean – faculty of business administration & social sciences mohammad ali jinnah university, islamabad.
212 importance of capital structure the recent study of groen (2016) illustrates that the decisions related to financing the firm’s assets are always very essential in any type of business the finance managers are always found in the biggest dilemma of deciding right proportion of debt and equity to form the optimal cs of the firm. Conclusion from prior research from developed world is also valid in pakistan suggested citation: suggested citation ali, irfan, determinants of capital structure: empirical evidence from pakistan (march 29, 2011.
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 size. Structure moreover, it provides further empirical evidence about the factors which determine capital structure in pakistan 2 literature review 21 capital structure theories firms’ assets are financed either by equity or debt it is this mix of debt and equity on the balance sheet which is called capital structure (ross, et al, 2008. Pakistan, rahman (1990) studied the industry and size as determinants of capital structure decisions and the results showed that engineering and tobacco industries were heavily geared focusing on the factors affecting capital structure decisions of firms of japan, malaysia and pakistan, mahmood.