This dissertation looks at the link between growth status and the cross-section of corporate capital structure. Initially, I propose initial growth status, an idea depending on a two-way sort on firms’ market-to-book and asset tangibility in early yrs after Initial public offering, not just reflects the cross-sectional variants in leverage ratios, but in addition unveils the time in-variant evolutions in capital structure. That’s, high (low) growth status firms generally have steady low (high) leverage over extended periods of time.
Capital structure is one of the most prolific domains of research in corporate finance. This thesis tests that if financial patterns of listed firms in energy sector of Pakistan follow capital structure theories…. Contents 1. INTRODUCTION 1.1 BACKGROUND AND PROBLEM DISCUSSION 1.2