Record of Papers Readings

S# TITLE AUTH JOURNA VARIABLES CRITICAL TECHNIQU MAJOR LIMITATI FUTURE

OR, L REVIEW ES FINDINGS ON RESEARCH
YEAR
of
PUBLI
CATIO
N&
COUN
TRY
01 Effect of Ms. DV: Investigated A panel data Macroecono -Selected 54 -Industry
Macroeconomi Quratul -ST Debt Ratio the effect of for the mic variables non- specific
c factors on ain,Shar -Financial macroeconomi period of have varying financial -Consider
capital if Ullah Leverage c parameters 2003 to 2009 effects as far firms financial firms
Structure Jan, M. -Debt Ratio on the capital for KSE-100 as capital -Data from -Recent time
Decisions of Rafiq -External structure of (non- structure’s 2003 to period
firm-Evidence Financing Pakistani financial measurement 2009. -Comparison
from a Ratio firms. First firms) has is concerned. -Firm listed among
developing IV: study of this been The market on KSE-100. countries.
country -GDP Per kind in analyzed by size has +ive
Capita Pakistan. This using SUR effect on debt
-Inflation Rate research will (seemingly choice of
-Bank Size/ help Unrelated firm.
Bank Credit practitioners Regression) Inflation rate
-Market Size and model. has negative
Firm Specific academicians. Significance relation with
Variables: A data of KSE- of variables leverage
-ROE 100 (non- is measured ratio while
-ROA financial by t-test. positive
-Tobin’s Q firms) of relation with
Ratio period 2003 to external
-Risk 2009 is financing
-Dividend considered. ratio.GDP
Payout Ratio capita is
-Asset inversely
Tangibility related with
Ratio all debt
ratios.All
firm specific
variables
proved to be
sig with all
debt ratios.
SBP discount
rate is neg
but insig
with all debt
ratios.
02 Macroeconomi Natalia Social DV: Indicate the The Findings -No- -Exceed
c factors and Mokhov And -Total influence of correlation show the financial sample and
corporate a, Behaviora Leverage macroeco- and significance manufacture investigation
capital Marek l Sciences -Long-term nomic factors regression of companies, period
structure Zinecke Debt Ratio on corporate techniques macroecono -time frame -choose
r -Short Term capital are used to mic factors 2006-2010. external factor
 Debt Ratio structure in identify the in the which are not
different relation decision highly
European between the making correlated
IV: countries. The external process between each
Monetary macroeconomic determinants regarding other and
Policy: policies of a and capital create
country affect
capital
-Long Term structure. structure regression
interest rate the financial Analyze model in order
performances and the
-Short term external to make results
of the source of
interest rate determinants more sig and
companies and financing.
-Inflation rate their future
On non- reliable.
as GDP financial The obtained
sustainable results vary
deflator development manufacture
-Money and d firms of from country
And growth. to country
Quasi Money For the European
Fiscal Policy: developed and depend
purpose of this
-Central countries. on corporate
study the
government Time period debt
macroeconomic
debt to GDP factors are was 2006- structure.
-Tax Revenue divided into 2010. External
-Income Tax two groups determinant
Unemployment represented of capital
Rate fiscal and structure
-GDP growth monetary plays imp
policies of a role in
country. decision
making.

03 Macroeconomi Farah Journal of IV: Capital -Theoretical Findings -Five major -time frame
c Conditions Riaz, Scientific -GDP Growth structure is model has showed that large scale extend
and Firm’s Komal Research Rate, one of the most been GDP growth manufacturi -other factors
Choices of Khalid -Inflation Rate significant formulated. rate of ng sector of should be
Capital Bhatti -Lending Rate areas of firms’ -Ordinary Pakistan has Pakistan. taken in to
Structure: and DV: strategic least Square a significant - Study consideration.
Evidence from Shahab- -Debt to equity financial technique negative period is
Pakistan’s ud-Din ratio decision used. association eight years
Manufacturing -Debt to Asset Making. with debt 2001 to
Sectors Ratio Investigate the ratios 2010.
-Capitalization role of key whereas mix -Reservation
economic results are involve in
factors in found while data due to
strategic analyzing the regulations.
Financial relationship - Non-
decisions of between financial
the listed firms lending rate sectors
from and three selected
Pakistan’s debt ratios. A
major negative
manufacturing association
sectors. of lending
Empirical rate with
findings debt ratios
demonstrate suggests
that the key lower
economic demands of
factors have the firms for
 an influence debt
on capital financing
structure when lending
decisions of rates
Pakistan’s increase.
Manufacturing Contrary to
firms. this, it is
already
suggested
that due to
emerging
capital
Markets in
our country,
it is difficult
for the firms
to bear high
floatation
cost while
issuing the
common
equity.
So, the main
source of
debt
financing is
commercial
banks.
Therefore a
significant
positive
relationship
might
be also
analyzed.

04 The effect of Sakshi Internatio IV: This paper vector error The results
macroeconomic Khanna nal -GDP sheds light on correction show that
variables on the , Amit Journal of - WPI how the model/vector changes in
capital Srivasta Economic macroeconomi autoregressi macroecono
-BSE
structure va, s and c variables ve model. mic
decisions of Yajulu Financial Sensitivity affect the environment
Indian firms: a Medury Issues Index capital cause
vector error DV: structure changes in
correction decisions in the firm’s
model/ context to the choice of
vector equity market finance both
autoregressive timing theory, in long-run
approach for the firms as well as in
of an short-run.
emerging The analysis
economy - shows that
India. for primary
Further, the sector firms,
effect is also leverage is
analyzed when pro-cyclical;
the firms are secondary
categorized sector firms
into the varied imply a
sectors of counter-
economy - cyclical
Primary, leverage and
secondary and for tertiary
tertiary. The sector firms
period for the equity is pro-
study is from cyclical.
the year 1992 Therefore,
to 2013 the
managers
must identify
the windows
of
opportunity
depending
upon the
sector to
which the
firms belong
to.