Firm Size, Age, Leverage and Growth Opportunities: An initial inquiry by Pakistan

  • Shabbir Hussain
  • Wasif Ali Waseer

Abstract

It is desired by all organizations to grow and sustain the factors of growth opportunities. This study is carried out to measure significant factors towards firm growth opportunities by using the data of Pakistani Firms. There were dissimilar results found in literature about selected variables with firm growth opportunities. This study is an attempt to support literature about significant factors towards growth opportunities by using the data of second largest Pakistan Industry (Sugar Sector). Pakistan Stock Exchange (PSX) listed firms have been observed as representative of overall sugar industry for the period of 1999-2015. Growth opportunities was observed with firm size, age, leverage, firm assets, industry sales, cash flows and market share by developing multiple linear regression model. It is found that growth opportunities for PSX listed firms are independent of its size, age and industry sales and all other explanatory variables are positively related with growth opportunities. This study supports literature that PSX listed firms show statistically significant and theoretically same results for all selected variables except firm size, age and industry sales.

Published
2018-02-25
How to Cite
Hussain, S., & Waseer, W. A. (2018). Firm Size, Age, Leverage and Growth Opportunities: An initial inquiry by Pakistan. Advances in Social Sciences Research Journal, 5(1). https://doi.org/10.14738/assrj.52.3975