Logo
Munich Personal RePEc Archive

A simulation model of corporate finances: A study of the companies listed on Karachi stock exchange

Ayub, Mehar (1998): A simulation model of corporate finances: A study of the companies listed on Karachi stock exchange. Published in: Conference Proceedings, International Institute of Forecasting, Georgia Institute of Technology, Atlanta (2001) , Vol. 1, No. 2001 (2001): pp. 1-55.

[thumbnail of MPRA_paper_443.pdf]
Preview
PDF
MPRA_paper_443.pdf

Download (325kB) | Preview

Abstract

The study is a part of the series of financial models included in a doctoral dissertation completed at the Karachi University (Mehar: 1994). An Econometric model has been constructed in the study and a Three-Stage Least Square (3SLS) technique was applied for the estimation of the model.

The results reveal some interesting observations. It has been found that both the components of equity financing - Paid up capital (OSCAP) and Reserves Funds (SURPLUS) - play a central role in the determination of the liquidity position of a firm. It has also been found that Debt Financing may be a cause of the deterioration in the liquidity position of a firm.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.