This research paper tests the pecking order theory of capital structure on the textile firms listed on the Karachi Stock Exchange (KSE) covering a period of six years from 2004–2009. The basic pecking order model predicts that firms follow a pecking order of financing, preferring internal...

This study is aimed to explore the relationship between country rating and volatility of Karachi Stock Exchange for the period 1999 to 2012. This study employs daily data of country ratings and stock market returns to investigate influence of rating on volatility of market. Univariate Asymmetric...