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

Muhammad Ayub Mehar

MPRA Paper from University Library of Munich, Germany

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.

Keywords: C15; C51; G30; G31; M41 (search for similar items in EconPapers)
JEL-codes: C51 C53 G32 M41 (search for similar items in EconPapers)
Date: 1998, Revised 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Conference Proceedings, International Institute of Forecasting, Georgia Institute of Technology, Atlanta (2001) 2001.1(2001): pp. 1-55

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/443/1/MPRA_paper_443.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:443

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().