Determinants of capital structure of leasing companies in Pakistan

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9 Citations (Scopus)


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 languageEnglish
Pages (from-to)1841-1853
Number of pages13
JournalApplied Financial Economics
Issue number22
Early online date31 May 2012
Publication statusPublished - 1 Nov 2012
Externally publishedYes


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