Determinants of Earnings: Evidence from Pakistan Engineering Sector
Journal Title: Asian Economic and Financial Review - Year 2011, Vol 1, Issue 1
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.
Authors and Affiliations
Kashif Imran| Applied Economics Research Centre University of Karachi., Khalid Naeem Akbar*| Applied Economics Research Centre University of Karachi.
Keywords
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