Abstract:This study investigates the impact of FL on FP of textile sector (spinning, composite and weaving) of Pakistan considering the micro panel data of 56 firms over the period of 2011-2016. The study used FL as predictor measured by Debt to Equity Ratio (DER), Interest Coverage Ratio (ICR) and Total Debt to Total Assets Ratio (TDTAR) while FP as dependent variable measured by Earnings per Share (EPS), Net Profit Margin (NPM) and Return on Capital Employed (ROCE). Assets Tangibility (AT), Growth (G), Size (S) and A… Show more
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