Stock Market Development and Financial Structure of Non-Financial Firms
Abstract:The study seeks to investigate the relationship of stock market developent with financial structure of firms in Pakistan. Quantitative approach is used in this study. For this purpose, secondary data is obtained from published annual reports of 100 non-financial firms listed in Pakistan Stock Exchange from 2008-2018. The data related to stock index is obtained from daily KSE 100 stock index ranging from 2008 to 2018. Dynamic panel model has been used; two step system GMM panel estimators are applied for empiri… Show more
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