The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan
Objective: This study exemplifies how banking sector development influences capital structure of non-financial Sector firms. Methodology: In this study, deductive approach has been used and capital structure used as explained variable. Banking sector development used as explanatory variable and prox...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2018-12-01
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| Series: | Journal of Accounting and Finance in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/400 |
| _version_ | 1811296359275298816 |
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| author | Umar Farooq Jaleel Ahmed Malik Lakhi Muhammad |
| author_facet | Umar Farooq Jaleel Ahmed Malik Lakhi Muhammad |
| author_sort | Umar Farooq |
| collection | DOAJ |
| description | Objective: This study exemplifies how banking sector development influences capital structure of non-financial Sector firms. Methodology: In this study, deductive approach has been used and capital structure used as explained variable. Banking sector development used as explanatory variable and proxies by five key ratios. The six years data ranges from the year 2010 to 2015 used and fixed effect model applied for regression analysis. Findings: The statistical results indicate that first and 4th hypotheses partially accepted while second and third hypotheses fully rejected. The results of study recommend financing policy for finance mangers to consider banking sector development while deciding capital structure. Originality: This study may mark as first study in Pakistan which checks the regression among discussed variables and also the behavior of change. |
| first_indexed | 2024-04-13T05:47:21Z |
| format | Article |
| id | doaj.art-0f7d12bd588f417997f8d49477fd26d3 |
| institution | Directory Open Access Journal |
| issn | 2519-0318 2518-8488 |
| language | English |
| last_indexed | 2024-04-13T05:47:21Z |
| publishDate | 2018-12-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Journal of Accounting and Finance in Emerging Economies |
| spelling | doaj.art-0f7d12bd588f417997f8d49477fd26d32022-12-22T02:59:54ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882018-12-014210.26710/jafee.v4i2.400The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in PakistanUmar Farooq0Jaleel Ahmed Malik1Lakhi Muhammad2Pakistan Institute of development economics. IslamabadDepartment of management sciences, Capital University of Science and Technology (CUST), PakistanDepartment of management sciences, Capital University of Science and Technology (CUST), PakistanObjective: This study exemplifies how banking sector development influences capital structure of non-financial Sector firms. Methodology: In this study, deductive approach has been used and capital structure used as explained variable. Banking sector development used as explanatory variable and proxies by five key ratios. The six years data ranges from the year 2010 to 2015 used and fixed effect model applied for regression analysis. Findings: The statistical results indicate that first and 4th hypotheses partially accepted while second and third hypotheses fully rejected. The results of study recommend financing policy for finance mangers to consider banking sector development while deciding capital structure. Originality: This study may mark as first study in Pakistan which checks the regression among discussed variables and also the behavior of change.https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/400Debt to Equity RatioDebt to Asset RatioCapital Adequacy RatioReturn on Assets |
| spellingShingle | Umar Farooq Jaleel Ahmed Malik Lakhi Muhammad The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan Journal of Accounting and Finance in Emerging Economies Debt to Equity Ratio Debt to Asset Ratio Capital Adequacy Ratio Return on Assets |
| title | The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan |
| title_full | The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan |
| title_fullStr | The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan |
| title_full_unstemmed | The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan |
| title_short | The Impact of Banking Sector Development on Capital Structure of Non-financial Sector Firms in Pakistan |
| title_sort | impact of banking sector development on capital structure of non financial sector firms in pakistan |
| topic | Debt to Equity Ratio Debt to Asset Ratio Capital Adequacy Ratio Return on Assets |
| url | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/400 |
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