Abstract
The study analyzed the determinants of capital
structure for the textile composite sector of Pakistan
after Akbar, Ali, & Tariq (2009) followed by Rajan and
Zingales (1995), Shah and Hijazi (2005) and Hijazi and
Tariq (2006). The study took the same variables as used
by Akbar, Ali, & Tariq (2009) and Rajan and Zingales
(1995) i.e. Tangibility, Size, Growth and profitablity as
independent variables while Leverage as Dependent
variable. These variables were observed for 46 sampled
firms out of 50 firms from the textile Composite sector
of Pakistan for the period of five years (2005-2009)
using Pooled OLS model. Data was taken from the
State Bank of Pakistan Publication “Balance Sheet
Analysis of Joint Stock Companies Listed on Karachi
Stock Exchange, 2005-2009”. The results are consistent
with the previous studies. The results of the study
showed that Profitability and Size is negatively related
with leverage. Whereas tangibility and growth were
found to be positively corrlated with leverage, but the
realtion of growh was found to be highly insignificant.
Yaqoob Ahmad, Gohar Zaman. (2013) Determinants of Capital Structure: A case for the Pakistani Textile Composite Sector, Abasyn Journal of Social Sciences, Volume-06, Issue-1.
-
Views
1116 -
Downloads
104
