Role of business age, scale & risk in debt financing choices for the Pakistani textile & apparel industry

Artikel

The motivation for this research enquiry is to identify the role of the business age, size and risk for the choice of debt financing in the textile and apparel sector of Pakistan along with other controlled factors. The textile and apparel sector of Pakistan comprises 464 listed entities as the targeted population while the study randomly finalized 60 firms as the sample after carefully analyzing the required information from the financial statements during the annual revenue streams of 2013-2019. The predicted variable for this research enquiry is measured by short, long and total-debt ratios while the predictor variables include the business age, firm's scale and risk. In addition, the research includes tax shield, tangibility, liquidity, profitability, and growth as the controlling factors. The study estimated that the choice of total-debt ratio is strongly affected by business age, size and risk along-with tax shield, tangibility, liquidity and profitability while the choice of short-term debt ratio mainly depends upon the firm's scale and age along with the tax shield. In addition, the choice of long-term debt ratio is strongly explained by the firm's scale and age along with the tax shield, liquidity and profitability.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Financial Internet Quarterly ; ISSN: 2719-3454 ; Volume: 16 ; Year: 2020 ; Issue: 3 ; Pages: 119-136 ; Warsaw: Sciendo

Klassifikation und Themen

• Klassifikation: Wirtschaft ; History of Economic Thought: Quantitative and Mathematical ; History of Economic Thought since 1925: Financial Economics ; Economic Methodology ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Financial Econometrics ; Portfolio Choice; Investment Decisions ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Thema: Debt Financing Choice ; Business age ; Firm's scale ; Risk ; Textile industry ; Pakistan

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bashir, Zahid ; Muhammad Usman Arshad ; Asif, Muhammad ; Abbas, Muhammad ; Ali, Hasnain
• Ereignis: Veröffentlichung
• (wer): Sciendo
• (wo): Warsaw
• (wann): 2020

Weitere Informationen

• DOI: doi:10.2478/fiqf-2020-0022
• Handle: http://hdl.handle.net/10419/266858
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ