مقالههای Ahmad Raza Bilal
توجه: محتویات این صفحه به صورت خودکار پردازش شده و مقالههای نویسندگانی با تشابه اسمی، همگی در بخش یکسان نمایش داده میشوند.
۱How Gold Prices Correspond to Stock Index: A Comparative Analysis of Karachi Stock Exchange and Bombay Stock Exchange
نویسنده(ها): Ahmad Raza Bilal، Noraini Bt. Abu Talib، Inam Ul Haq، Mohd Noor Azli Ali Khan، Muhammad Naveed
اطلاعات انتشار: World Applied Sciences Journal، بيست و يكم،شماره۴، ۲۰۱۳، سال ۰
تعداد صفحات: ۷
The purpose of this study is to examine the long–run relationship between gold prices and Karachi Stock Exchange (KSE) and Bombay Stock Exchange (BSE). The statistical techniques used for this study includes Unit Root Augmented Dickey Fuller test, Phillips–Perron, Johnson Co–integration and Granger’s Causality tests to measure the long–run relationship between gold prices, KSE and BSE using monthly data from 1st July 2005 to 30th June 2011. Findings of the co–integration test indicated that no long–run relationship exist between monthly average gold prices and KSE stock index; whereas, a significant long–run relationship is proved between BSE stock index and average gold prices. Results of Granger causality test demonstrated that no causal relationship exists among average gold prices, KSE and BSE stock indices.
۲Effects of Internal and Environmental Factors on Firm’s Financial Behavior: A Comparative Study of Developed, Emerging and Developing Economies
نویسنده(ها): Ahmad Raza Bilal، Suresh Ramakrishnan، Muhammad Naveed، Noraini Bt. Abu Talib، Melati Ahmad Anuar، Mohd Noor Azli Ali Khan
اطلاعات انتشار: World Applied Sciences Journal، سي ام،شماره۱۰، ۲۰۱۴، سال ۰
تعداد صفحات: ۱۱
In the presence of economic frictions, firms regulate their financial decisions infrequently; resultantly, most of the firms’ leverage is likely to differ from the optimum–level at the time of its readjustment. In such economic disturbance, internal and environmental factors are playing significant role for the readjustment of financial leverage. Keeping the influential role of leverage determinants, this study compares the dynamical economic effects of internal and environmental factors of capital structure in Spain, Malaysia and Pakistan to explore the empirical implications and hierarchical importance of firm, sector and country level factors. Using cross–sectional regression of the panel data for the period 2001–2011, this study analyze the relative importance of each level of capital structure determinants and explanatory power of capital structure theories. The analysis findings documented several important indirect influences of variables at firm, sector and country–levels on firm determinants of leverage, as well as several structural differences in the financial behavior across developed, emerging and developing economies. From theoretical perspectives, findings of this study add important strands to capital structure literature and device lending mechanisms for firms on the basis of relative importance of environmental factors which also have the power to influence the firm’s leverage.
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