Artikel
Effect of Financial Leverage on Performance of the Firms: Empirical Evidence from Pakistan
This research finds the effect of financial leverage on efficiency of firms in Pakistan. The ordinary least square technique is used to detect efficiency of financial leverage of 154 textile firms in Pakistan over the period 2006 - 2011.The regression results indicate that leverage has s negative association with the efficiency of firms. Financial leverage is negatively associated with return of assets and equity, which shows that firms borrow less, while market-to-book ratio shows positive profitable association with firms. Consequently firms tend to borrow more and pay their contractual payments in time.
- Language
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Englisch
- Bibliographic citation
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Journal: SPOUDAI - Journal of Economics and Business ; ISSN: 2241-424X ; Volume: 65 ; Year: 2015 ; Issue: 1/2 ; Pages: 87-95 ; Piraeus: University of Piraeus
- Classification
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Wirtschaft
Financial Markets and the Macroeconomy
Marketing
International Financial Policy: Financial Transactions Tax; Capital Controls
- Subject
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Leverage
structure of capital
firm performance
theory of pecking order
theory of trade-off
- Event
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Geistige Schöpfung
- (who)
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Javed, Zahoor Hussain
Rao, Huma Huma
Akram, Bader
Nazir, Muhammad Fayyaz
- Event
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Veröffentlichung
- (who)
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University of Piraeus
- (where)
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Piraeus
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Javed, Zahoor Hussain
- Rao, Huma Huma
- Akram, Bader
- Nazir, Muhammad Fayyaz
- University of Piraeus
Time of origin
- 2015
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