We investigated whether differences in quality of firm-level corporate governance can explain the firm-level performance in a cross-section of companies listed at Karachi Stock Exchange. Therefore, we analysed the relationship between firm-level value as measured by Tobin’s Q and total...

The main objective of this study is the review of the conceptual framework of asset pricing models and discusses their implications for security analysis. The study includes the theoretical derivation of equilibrium model, usually referred to as capital asset pricing model (CAPM). This model was...

Using a panel of eight Pakistani manufacturing industries, we have examined the changes in price-cost margin (gross profitability) during 1998- 2009. In this study the traditional industrial organization approach of Structure- Performance has been applied to analyse the effects of concentration...