IMPACT OF DEBT ON PROFITABILITY OF FIRMS; EVIDENCE FROM NON-FINANCIAL SECTOR OF PAKISTAN
This study focuseson expanding the existing empirical knowledge on the impact of debt on profitability of companies. Different sets of variables havebeen used to investigate the relationship between debt andprofitability of firms with empirical evidencefrom the non-financial sector of Pakistan; usin...
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| Veröffentlicht in: | City University Research Journal 2016-01, Vol.6 (1), p.70-80 |
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| creator | Habib, Hassan Jan Khan, Faisal Wazir, Muhammad Imran |
| description | This study focuseson expanding the existing empirical knowledge on the impact of debt on profitability of companies. Different sets of variables havebeen used to investigate the relationship between debt andprofitability of firms with empirical evidencefrom the non-financial sector of Pakistan; using panel data of 10 years, ranging between 2003-2012. Return on Assets is used as the profitability measure and is the dependent variable, whereas; Short Term Debt to Asset, Long Term Debt to Asset, Total Debt to Asset are used as independent variables, while Size, Sales Growth, and Growth Opportunity are used as control variables. Random effect regression analysis is used to find out the impact of debt on profitability. Results indicate a significant but negative relationship between short term debt, long term debt, total debt, and return on assets. |
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| ispartof | City University Research Journal, 2016-01, Vol.6 (1), p.70-80 |
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| language | eng |
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| source | EZB-FREE-00999 freely available EZB journals |
| subjects | Capital structure Corporate debt Costs Debt financing Decision making Equity financing Financial performance Financial services Long term debt Profitability Researchers Short term debt Stock exchanges Stockholders Studies Variables |
| title | IMPACT OF DEBT ON PROFITABILITY OF FIRMS; EVIDENCE FROM NON-FINANCIAL SECTOR OF PAKISTAN |
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