Determinants of Earnings: Evidence from Pakistan Engineering Sector

Determinants of Earnings: Evidence from Pakistan Engineering Sector

Journal

  • Journal title: Asian Economic and Financial Review
  • ISSN: 2305-2147 (print) 2222-6737 (online)
  • Publisher: Aess
  • Country of publisher: pakistan
  • Date added to EuroPub: 2017/May/11

Subject and more

  • LCC Subject Category: Finance and Financial Services, Economics
  • Publisher's keywords: Engineering sector, KSE, earning per share
  • Language of fulltext: english
  • Full-text formats available: PDF

AUTHORS

    Kashif Imran| Applied Economics Research Centre University of Karachi., Khalid Naeem Akbar*| Applied Economics Research Centre University of Karachi.

EDITORIAL INFORMATION

FULL TEXT

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ABSTRACT

Engineering sector plays a considerable role in Pakistan’s economy. The contributionof engineering industry to GDP is $2 billion and it provides employment tosignificant personnel. The engineering sector in a number of economies of the world,works as a major and speedy engine of economic growth. This study is an attempt toidentify the factors affecting the earnings of engineering sector of Pakistan, by usingthe panel data of twenty-seven engineering firms listed on Karachi Stock Exchange(KSE) covering the period of 1990 to 2008. It is found that, in the long run NetWorking Capital, and GDP growth has a positive impact on Earnings per Share andOperating Ratio, Net Fixed Assets and GDP deflator has a negative impact whileInterest rate has not significant effect on earnings per share.

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