Master of Science in Economics
Faculty / School
Faculty of Business Administration (FBA)
Department of Economics
Date of Submission
Dr. Muhammad Nishat, Faculty of Business Administration, Institute of Business Administration, Karachi
MSECO Research Project
This study tries to examine the empirical relationship between ownership structure and capital structure of firms at Pakistan Stock Exchange. A sample of one hundred and thirty one firms was chosen and the time span of the study is six years, from 2010 to 2015. Panel data estimation methods were employed to assess the relationship between the variables of interest. Previous studies on the subject were focused on a single ownership structure of a firm whereas the current study focuses on multiple ownership structures. The result shows that, excluding government ownership structure, all other identified ownership structures such as managerial ownership, group ownership and foreign ownership were found to be positively related with leverage. Further firm specific variables were also considered as part of the study.
Naseem, T. (2018). Ownership structure as a determinant of capital structure (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-mseco/29
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