The DOI matches its Crossref record; 12 of the 14 references it cites were found in a registry or an index.
Impact of Financial Leverage on Firm Performance: Textile Composite Companies of Pakistan
Open accessAbstract
The aim of this research is to identify the relationship between financial leverage and the performance of Textile Composite Companies of Pakistan. Pakistan Textile Composite Companies which are listed in PSX (100-index) are selected.5-year data is collected from 2011-2015 and top 16 companies are selected as a sample. Using descriptive statistics, correlation analysis, and a regression model to identify the results. Results show that financial leverage has a negative and significant effect on firm ROE and financial leverage has a positive and significant effect on firm ROA. Further study indicates that the high-interest rate and more amount of debt decrease the value of equity and has a negative impact on firm performance. On the other hand, the amount of debt has a positive impact on firm ROA. Results show that financial leverage has a positive impact on firm performance if the amount of debts do not exceed the amount of equity.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Hovakimian, A., Opler, T. C., & Titman, S. D. (2001) · Journal of Financial and Quantitative Analysis · doi:10.2307/2676195 · Cited by 1,798
Beaver, W. H., & Ryan, S. G. (2000) · Journal of Accounting Research · doi:10.2307/2672925 · Cited by 551
Heikal, M., Khaddafi, M., & Ummah, A. (2014) · International Journal of Academic Research in Business and Social Sciences · doi:10.6007/ijarbss/v4-i12/1331 · Cited by 243
Return on Assets Loss from Situational and Contingency Misfits
Burton, R. M., Lauridsen, J. T., & Obel, B. (2002) · Management Science · doi:10.1287/mnsc.48.11.1461.262 · Cited by 171
Erratum: Return on Assets Loss from Situational and Contingency Misfits
Burton, R. M., Lauridsen, J. T., & Obel, B. (2003) · Management Science · doi:10.1287/mnsc.49.8.1119.16404 · Cited by 130
Rafique, M. (2011) · SSRN Electronic Journal · doi:10.2139/ssrn.1911395 · Cited by 28
Venture Capital, Financial Leverage and Enterprise Performance
Yang, R., Xia, K., & Wen, H. (2016) · Procedia Computer Science · doi:10.1016/j.procs.2016.07.048 · Cited by 23
Mubeen, M., Lal, I., & Hussain, A. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.2372792 · Cited by 14
Effects of Higher Equity Ratio on a Bank's Total Funding Costs and Lending
Vale, B. (2011) · Econstor (Econstor) · Cited by 10
Impact of Financial Leverage on Pakistani Firms
Rabbani, M. (2015) · Journals & Books Hosting (International Knowledge Sharing Platform) · Cited by 8
Research works printed but not linked: 3
- Kabajeh Majid, N. F. (2012). The Relationship between the ROA, ROE and ROI Ratios with Jordanian Insurance Public Companies Market Share Prices . International Journal of Humanities and Social Science, 6.
- Tugas, F. C. (2012). A Comparative Analysis of the Financial Ratios of Listed Firms. International Journal of Business and Social Science , 18.
- Ucal, Meltem, Oksay Serhan. (2011). The Solvency Ratio of External Debt (SRED) as an Indicator of Debt Crisis: The Case of Turkey. international journal of economics and research, 7.
Cited by
Sorted by citations
Arhinful, R., & Radmehr, M. (2023) · Sage Open · doi:10.1177/21582440231204099 · Cited by 99
Yemelyanov, O. Y., Petrushka, T. O., Symak, A. V., Trevoho, O., Турило, А. А., Kurylо, O., Danchak, L., Symak, D., & Lesyk, L. (2020) · Sustainability · doi:10.3390/su12156184 · Cited by 97
Kijkasiwat, P., Hussain, A., & Mumtaz, A. (2022) · Risks · doi:10.3390/risks10100185 · Cited by 95
A credit scoring model for SMEs using AHP and TOPSIS
Roy, P. K., & Shaw, K. (2021) · International Journal of Finance & Economics · doi:10.1002/ijfe.2425 · Cited by 76
Arhinful, R., Amin, H. I. M., Mensah, L., Gyamfi, B. A., & Obeng, H. A. (2025) · Cogent Economics & Finance · doi:10.1080/23322039.2025.2571401 · Cited by 39
Metadata
- Authors
- Iqbal, U., & Usman, M.
- Affiliations
- University of Gujrat (PK)
- Corresponding author
- Iqbal, Umer
- ORCID
- Usman, Muhammad
- Venue
- SEISENSE Journal of Management
- Publisher
- SEISENSE
- Published
- 2018-05-05
- Volume
- 1
- Issue
- 2
- Pages
- 70-78
- ISSN
- 2617-5770 (ISSN-L)
- OpenAlex
- W3018581824
- Cited by
- 43
- References
- 14
- Citations by year
- 2026: 3 · 2025: 8 · 2024: 3 · 2023: 11 · 2022: 5 · 2021: 6 · 2020: 7
- FWCI
- 9.56
- Type
- journal article
- Language
- en
- Open access
- diamond
- doi.org
- Locations
- SEISENSE Journal of Management (publishedVersion, cc-by)
- DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion)
- jom (SEISENSE) (submittedVersion, cc-by)
- Greater South Information System
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Social Sciences › Business, Management and Accounting › Accounting › Financial Analysis and Corporate Governance
- Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
- Keywords
- leverage, firm performance, textile industry, return on equity, return on assets, debt to equity ratio, interest rates, equity value, debt financing
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
