Determinants of Capital Structure in Non-Financial Sector of Pakistan: A Case of Listed Companies in KSE

  • Faiza Khalil Finance Research Analyst, Hub Staff Research Organization, Karachi
  • Shahid Obaid Lecturer, Department of Business Administration, Sindh Madressatul Islam University, Karachi
DOI: https://doi.org/10.58921/jobams.1.1.30
Keywords: Leverage, Capital Structure, KSE, Non-financial sector.

Abstract

This research is an effort to empirically test the factors influencing financial leverage of firms listed at Karachi Stock Exchange of non-financial sector in Pakistan. For this purpose, 322 firms are incorporated in the study and nine years of annual data from 2006 to 2014 related to capital structure of these firms is investigated. Liquidity, profitability, firm size and growth are taken as determinants of financial leverage and regression analysis is used to analyze their relation and significance level. Results are found to be as expected however few converse relations between variables are identified.

Published
2016-12-31
How to Cite
Khalil, F., & Obaid, S. (2016). Determinants of Capital Structure in Non-Financial Sector of Pakistan: A Case of Listed Companies in KSE. Journal of Business Administration and Management Sciences (JOBAMS), 1(1), 83-92. https://doi.org/10.58921/jobams.1.1.30
Issue
Vol 1 No 1 (2016): JOBAMS
Section
Articles