Abstract
This study investigates the determinants of capital structure of leasing firms in Pakistan for the period 2003 to 2008. Size, profitability, growth, net investment in lease finance, liquidity and tax paid are used as determinants of capital structure. Using a balanced panel sample, we find that size has a positive relationship, whereas profitability, liquidity and tax have a negative relationship with leverage of the sample firms.
| Original language | English |
|---|---|
| Pages (from-to) | 1841-1853 |
| Number of pages | 13 |
| Journal | Applied Financial Economics |
| Volume | 22 |
| Issue number | 22 |
| Early online date | 31 May 2012 |
| DOIs | |
| Publication status | Published - 1 Nov 2012 |
| Externally published | Yes |