2016

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Browsing 2016 by Author "SAAD ULLAH BHUTTA"

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    THE MULTI-DIRECTIONAL RELATIONSHIPS OF THE DETERMINANTS OF CORPORATE LEVERAGE IN PAKISTAN
    (UMT,Lahore, 2016-10) SAAD ULLAH BHUTTA
    This empirical research was conducted in order to examine the multi directional relationships existing between the corporate leverage and its determinants, identified by the literature, in non financial sector of Pakistan. This study is based on the work of Neset Hikmet, Lin and Mooney (2011) which was conducted on Japanese firms and used a Structural equation model to conduct a path analysis on leverage and its determinants. It used the same framework and applied the Structural equation model (SEM) in Pakistan with increased number of observed variables. A sample of all listed non financial companies of Pakistan was drawn and the data of 357 companies was collected comprising over five years from 2010 to 2014, making 1785 firm years. The data was further subdivided into three sectors (Textile, Large and Small Manufacturing Companies) and was analyzed separately.