Determinants of Capital Structure

"Determinants of Capital Structure" is a specialized book that focuses on the composition of equity and debt in companies. It examines the various factors that influence capital structure and analyzes their advantages and disadvantages. The study is based on data from the Karachi Stock Exchange and highlights how variables such as company size, profitability, non-debt tax shield, tangibility, earnings volatility, and growth affect financing decisions. The results show that the tangibility variable is highly significant and supports the trade-off theory, while other variables like size and profitability do not align with common theories. This book offers valuable insights for students and professionals in the fields of economics and law who wish to develop a deeper understanding of the dynamics of capital structure.