Yousaf Abbasi
I am PhD Research Scholar having vast experience (more than 15 years) of teaching Accounting and Finance courses at beginner, graduate and post graduate levels. Published two articles and attended two conferences.
Address: Islamabad, Islamabad, Pakistan
Address: Islamabad, Islamabad, Pakistan
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Papers by Yousaf Abbasi
firms at the Karachi Stock Exchange (KSE). By performing this investigation we try to find out that is Pakistani
listed firms at KSE follow any capital structure theory during the period 2000-2010.
The study is based on the panel data of 40 non financial listed companies at Karachi Stock Exchange for the period
of 2000-2010. Comprehensive descriptive analysis was conducted to find out mean, median and standard deviation
for better understanding of readers. OLS Regression analysis is used to analyze the relationship between
profitability and financing by debts. The relationship is found for short term debts, long term debts and total
debts. Size and growth are used as control variables in the study.
The results regarding leverage and profitability reveal that there is an inverse relationship between the use of debt
in capital structure and profitability. The over usage of debt in the capital structure is responsible for these results.
Size and sales growth has positive relationship with the profitability.
This study investigates the issues relating to the capital structure and firms performance in terms of profitability.
All firms need operating capital to support their sales. To acquire operating capital, funds must be raised in the
form of a combination of equity and debt. For any business organization the financing decision is very critical
because of the need to maximize the profit to the financing constituencies, and also for the survival of firm in its
competitive environment with that optimal capital structure. The choice among the best proportion of debt and
equity can affect the value of the firm, as well as the rate of return.
The most of the factors that are used in this research study is based on previous researches to analyze the
relationship among debt financing and profitability of the firms. Basically, we selected the attributes identified by
Abor (2005) and planned to test few other variables that are used in various studies. But, there is lack of financial
data in the selected sample space and therefore, we include just two additional variable is this research study.
This research identified need, to examine use of different capital structures used by the listed companies and its
impact on profitability capabilities of these companies. This study is based on the data collected from the sample of
40 listed companies of Karachi stock Exchange (KSE).
Keywords: Capital Structure, Profitability, Debt, Equity, Return on Assets, Leverage, Growth, Size
firms at the Karachi Stock Exchange (KSE). By performing this investigation we try to find out that is Pakistani
listed firms at KSE follow any capital structure theory during the period 2000-2010.
The study is based on the panel data of 40 non financial listed companies at Karachi Stock Exchange for the period
of 2000-2010. Comprehensive descriptive analysis was conducted to find out mean, median and standard deviation
for better understanding of readers. OLS Regression analysis is used to analyze the relationship between
profitability and financing by debts. The relationship is found for short term debts, long term debts and total
debts. Size and growth are used as control variables in the study.
The results regarding leverage and profitability reveal that there is an inverse relationship between the use of debt
in capital structure and profitability. The over usage of debt in the capital structure is responsible for these results.
Size and sales growth has positive relationship with the profitability.
This study investigates the issues relating to the capital structure and firms performance in terms of profitability.
All firms need operating capital to support their sales. To acquire operating capital, funds must be raised in the
form of a combination of equity and debt. For any business organization the financing decision is very critical
because of the need to maximize the profit to the financing constituencies, and also for the survival of firm in its
competitive environment with that optimal capital structure. The choice among the best proportion of debt and
equity can affect the value of the firm, as well as the rate of return.
The most of the factors that are used in this research study is based on previous researches to analyze the
relationship among debt financing and profitability of the firms. Basically, we selected the attributes identified by
Abor (2005) and planned to test few other variables that are used in various studies. But, there is lack of financial
data in the selected sample space and therefore, we include just two additional variable is this research study.
This research identified need, to examine use of different capital structures used by the listed companies and its
impact on profitability capabilities of these companies. This study is based on the data collected from the sample of
40 listed companies of Karachi stock Exchange (KSE).
Keywords: Capital Structure, Profitability, Debt, Equity, Return on Assets, Leverage, Growth, Size