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An Assessment of Financial Leverage for Listed Pharmaceutical Firms of Bangladesh

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dc.contributor.author Jahan, Kawsar
dc.contributor.author Tumpa, Khadiza Khatun
dc.date.accessioned 2021-12-15T17:35:33Z
dc.date.available 2021-12-15T17:35:33Z
dc.date.issued 2020-12-04
dc.identifier.issn 2664-3413
dc.identifier.issn 2664-3421
dc.identifier.uri http://dspace.daffodilvarsity.edu.bd:8080/handle/123456789/6556
dc.description.abstract Purpose: This study tries to explore the imperative factors of financial leverage (FL) for the listed pharmaceutical firms in the Dhaka Stock Exchange (DSE) in Bangladesh. Research methodology: To complete the objectives, the study has collected data from 20 listed pharmaceutical firms of DSE for six years (2013 - 2018). Profitability, liquidity, size, growth, and tangibility are considered as the exogenous variable to explain the endogenous variable financial leverage (FL). The statistical techniques Pooled ordinary least square and fixed effect regression models have been used to analyze the panel data set. Result: The research results find that liquidity, profitability, and firm size are statistically significant factors for the listed pharmaceutical firms. The researchers observed that the most accomplished FL theories in pharmaceutical firms are trade-off and pecking order theory. Conclusion: Finally, the result of the study advocates that the concerned financial management of pharmaceutical companies of Bangladesh should pay more attention to increase their profit, asset size and maintain liquidity before taking external debt as finance and hence can keep contributing to progress the firm's performance as well as the development of countries in the forthcoming future. en_US
dc.language.iso en_US en_US
dc.publisher ©Daffodil International University en_US
dc.subject Financial leverage en_US
dc.subject Trade-off analysis en_US
dc.subject Pecking order en_US
dc.title An Assessment of Financial Leverage for Listed Pharmaceutical Firms of Bangladesh en_US
dc.type Article en_US

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