LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN

Muhammad Ayub Mehar

doi:10.17261/Pressacademia.2025.2025

LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN

Abstract

Purpose- The core purpose of this study explores the nexus of financial competitiveness, the liquidity position of a firm, and leverage financing. Methodology- This analysis is based on 7 years of data from 398 listed companies in Pakistan, while panel least square (PLS) techniques have been applied to estimate the parameters. Findings- The financial position of a firm is also affected by macroeconomic indicators. The intangible assets and cost of debt are also important determinants. It was noted that the return on equity in small and medium enterprises is higher than in large-scale industrial units despite very low return on assets in small and medium enterprises. Conclusions- The study concludes that the size of a firm, debt financing, and liquidity position are important, significant, and robust determinants of financial competitiveness. The real source of this differentiation is the magnitudes of leverage financing and liquidity position of enterprises

Keywords

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Details

Primary Language

English

Subjects

Finance

Journal Section

Research Article

Authors

Muhammad Ayub Mehar
0000-0002-9711-2556
Pakistan

Publication Date

December 31, 2025

Submission Date

February 22, 2025

Acceptance Date

October 27, 2025

Published in Issue

Year 2025 Volume: 14 Number: 2

DOI

https://doi.org/10.17261/Pressacademia.2025.2025

IZ

https://izlik.org/JA72ZC79EJ

Cite

RIS / Bibtex

APA

Mehar, M. A. (2025). LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN. Journal of Business Economics and Finance, 14(2), 158-176. https://doi.org/10.17261/Pressacademia.2025.2025

AMA

1.Mehar MA. LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN. JBEF. 2025;14(2):158-176. doi:10.17261/Pressacademia.2025.2025

Chicago

Mehar, Muhammad Ayub. 2025. “LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN”. Journal of Business Economics and Finance 14 (2): 158-76. https://doi.org/10.17261/Pressacademia.2025.2025.

EndNote

Mehar MA (December 1, 2025) LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN. Journal of Business Economics and Finance 14 2 158–176.

IEEE

[1]M. A. Mehar, “LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN”, JBEF, vol. 14, no. 2, pp. 158–176, Dec. 2025, doi: 10.17261/Pressacademia.2025.2025.

ISNAD

Mehar, Muhammad Ayub. “LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN”. Journal of Business Economics and Finance 14/2 (December 1, 2025): 158-176. https://doi.org/10.17261/Pressacademia.2025.2025.

JAMA

1.Mehar MA. LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN. JBEF. 2025;14:158–176.

MLA

Mehar, Muhammad Ayub. “LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN”. Journal of Business Economics and Finance, vol. 14, no. 2, Dec. 2025, pp. 158-76, doi:10.17261/Pressacademia.2025.2025.

Vancouver

1.Muhammad Ayub Mehar. LEVERAGE FINANCING AND FINANCIAL COMPETITIVENESS OF A FIRM: A STUDY OF LISTED COMPANIES IN PAKISTAN. JBEF. 2025 Dec. 1;14(2):158-76. doi:10.17261/Pressacademia.2025.2025