期刊名称：International Journal of Economics and Research
电子版ISSN：2229-6158
出版年度：2012
卷号：3
期号：2
页码：61-70
出版社：Sanben Agency
摘要：This study aims to analyze the impact of capital structure (i.e. short-term, long-term and total debts) on the profitability of companies in textile industry of Pakistan, while controlling the size of the company. A total of 17 companies (initially 7 and then another 10) were selected randomly for the study. Regression analysis was conducted on six different regression models. The results show that there is a significant and positive impact of short term debts on the profitability of the firm, however long-term debt has no impact on the profitability. It is shown that short-term debts are useful for companies having small sales and vise versa. This study has potential for replication in other industries like cement, petroleum and pharmaceutical.
关键词：Profitability; capital structure; short-term debts; long-term debts; total debts
