scholarly journals Sector and Firm Specific Variance Composition of Capital Structure: A Panel Data Analysis on Indian Chemical Industry

2018 ◽  
Vol 5 (2(1)) ◽  
pp. 38
Author(s):  
N. C. Shilpa ◽  
M. Amulya
2008 ◽  
Vol 13 (1) ◽  
pp. 139-158 ◽  
Author(s):  
Muhammad Rafiq ◽  
Asif Iqbal ◽  
Muhammad Atiq

This study is an attempt to determine the capital structure of listed firms in the chemical industry of Pakistan. The study finds that by studying a specific industry's capital structure, one can ascertain unique attributes, which are usually not apparent in the combined analysis of many sectors as done by Shah and Hijazi (2004). This study analyzed 26 of 39 firms in the chemical sector, listed at the Karachi Stack Exchange for the period 1993-2004 using pooled regression in a panel data analysis. Six regressors i.e. firm size, tangibility of assets, profitability, income variation, non-debt tax shield (NDTS) and growth were employed to examine their effects on leverage. The results show that these six independent variables explain 90% of variation in the dependent variable and, except for firm tangibility, results were found to be highly significant. The study has policy implications of importance for researchers, investors, analysts and managers.


2015 ◽  
Vol 5 (4) ◽  
pp. 234-254 ◽  
Author(s):  
Aleksandra Szymańska ◽  
Stijn Van Puyvelde ◽  
Marc Jegers

2015 ◽  
Vol 15 (3) ◽  
pp. 51-56
Author(s):  
Juan Gaytan-Cortes ◽  
Gonzalo Maldonado-Guzman ◽  
Juan Bargas-Baraza

2007 ◽  
Vol 27 (5) ◽  
pp. 549-562 ◽  
Author(s):  
Paulo J. Maçãs Nunes ◽  
Zélia M. Serrasqueiro

Sign in / Sign up

Export Citation Format

Share Document