European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals

Textile firms

DETERMINANTS OF CAPITAL STRUCTURE (Published)

The main objectives of this empirical study are: to investigate which factors affect the textile firms of Pakistan and which type of capital structure theory does more prevail in textile sector of Pakistan. This empirical study is done by applying the panel data techniques in analyzing sample of 68 textile firms of Pakistan listed on Karachi Stock Exchange during 2006-2012. The determinants of this study like liquidity of firms, non debt tax shields like depreciation, more collateral net fixed assets, earnings volatility, size of firms, net commercial trade position and firms’ profits have impact on the capital structure choice.

Keywords: Capital Structure, Stock exchange and Pakistan, Textile firms

Scroll to Top

Don't miss any Call For Paper update from EA Journals

Fill up the form below and get notified everytime we call for new submissions for our journals.