2016

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Capital structure, Free cash flow, Market structure and Firm performance
(UMT,Lahore, 2016) Sana Nasir
The present study collectively inspected the inter-connection of capital structure, free cash flow, market structure and firm performance. Previous studies has inspected every factor association separately, nonetheless these 4 variables jointly linked also the complex endogenous association. Therefore, there is a need to investigate collectively of these four variables for better comprehend the association among them. This study found the results that the total debt leverage is positively significant on firm performance which means that the high debt level is considered a positive sign in the market and those manufacturing companies are considered proficient of bearing higher debt. While firm performance is negative significant on leverage. HHI is positively significant on firm performance. Free cash flow is negatively significant on firm performance. Leverage is significant as well as positive on HHI. HHI is positive as well as significant on firm performance. The industry-wise results are also explained in this study. The industry-wise graphical presentation also represented to examine the industry’s concentration in the market.