摘要:The purpose of this study is to estimate the impact of energy crisis on industry performance of Karachi Stock Exchange (KSE) listed companies of Pakistan from 2008 to 2012. This study entails nine companies chosen from three different sectors-Textile, Cement and Food of Pakistani market and uses the data for last 5 years in order to find out the impact of energy crisis with ever increasing prices of electricity on the Net income in order to find out the growth of the companies randomly chosen from the KSE. Ever increasing prices of electricity have direct negative impact on the firm’s profitability and cost of production also increases. This study finds out the impact of Energy crisis on the financial performance of the companies in Pakistan by using the Return on Asset (ROA). Data has been collected from State Bank of Pakistan, Annual reports of these companies, Karachi stock exchange, Ministry of Finance and survey of Pakistan. The data has been compiled through excel and E-views software.The results show that the ROA has been continuously declining due to energy shortfall in all the three sectors’ companies and especially in the textile sector.
其他摘要:The purpose of this study is to estimate the impact of energy crisis on industry performance of Karachi Stock Exchange (KSE) listed companies of Pakistan from 2008 to 2012. This study entails nine companies chosen from three different sectors-Textile, Cement and Food of Pakistani market and uses the data for last 5 years in order to find out the impact of energy crisis with ever increasing prices of electricity on the Net income in order to find out the growth of the companies randomly chosen from the KSE. Ever increasing prices of electricity have direct negative impact on the firm’s profitability and cost of production also increases. This study finds out the impact of Energy crisis on the financial performance of the companies in Pakistan by using the Return on Asset (ROA). Data has been collected from State Bank of Pakistan, Annual reports of these companies, Karachi stock exchange, Ministry of Finance and survey of Pakistan. The data has been compiled through excel and E-views software.The results show that the ROA has been continuously declining due to energy shortfall in all the three sectors’ companies and especially in the textile sector. Keywords: Energy crisis, Return on Asset, Textile, cement, Food, KSE
关键词:Energy crisis; Return on Asset; Textile; cement; Food; KSE