An analysis of capital structure determinants using the example of Pakistan’s cement sector companies listed on the Karachi stock exchange
Journal Title: Annals of Marketing Management & Economics - Year 2016, Vol 0, Issue 0
Abstract
This paper examines the capital structure determinants of Pakistan’s cement sector. The sample is based on 21 cement sector companies listed on the national stock exchange of Pakistan, the Karachi Stock Exchange (KSE). Debt/equity was taken as the dependent variable while independent variables were sales growth, profitability, financial cost, company size and tangibility. The overall results showed that financial cost and tangibility have positive relationship with the dependent variable. The three other variables growth, profitability and size are negatively correlated with leverage.
Authors and Affiliations
Pervez Akhtar
Keywords
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