Research Journal of Finance and Accounting
FIRM’S FACTORS INTEGRATION WITH DEBT OVERHANG IN KARACHI STOCK EXCHANGE
Abstract
It is hypothesized in current study that firm’s factors are significantly correlated with debt overhang. And it is aimed to investigate in current study. The data is acquired through convenience sampling and the sample range of the data is five years from 2010 to 2014. Thus, the study found working capital, leverage, profitability and firm size significant with debt overhang. While, dividend payout is found insignificant. Hence, managers have to pay serious attention to their company debt level to overcome debt overhang.
Key Terms: Working Capital, Leverage, Debt Overhang, Connivance Sampling, Profitability, Firm Size
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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