A simulation model of corporate finances: A study of the companies listed on Karachi stock exchange
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.
|Date of creation:||1998|
|Date of revision:||2001|
|Publication status:||Published in Conference Proceedings, International Institute of Forecasting, Georgia Institute of Technology, Atlanta (2001) 2001.1(2001): pp. 1-55|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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