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Detenninants of Corporate Saving in Pakistan.A Macro-econometric Analysis

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  • ZIA M QURESHI

    (International Monetary Fund.)

Abstract

Firms' behaviour with respect to retention and distribution of profits has received little attention in developing countries. Against the background of previous research on the subject, mainly in advanced industrial countries, the paper attempts a multivariate regression analysis of retention of profits in Pakistan, using time-series data relating to the country's non-fmancial corporate sector. The results support the applicability to developing countries of many of the hypotheses concerning this aspect of firms' behaviour which have found support in empirical research in the more advanced economies.

Suggested Citation

  • Zia M Qureshi, 1983. "Detenninants of Corporate Saving in Pakistan.A Macro-econometric Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 22(2), pages 73-96.
    • Handle: RePEc:pid:journl:v:22:y:1983:i:2:p:73-96
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    References listed on IDEAS

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    6. Taggart, Robert A, Jr, 1977. "A Model of Corporate Financing Decisions," Journal of Finance, American Finance Association, vol. 32(5), pages 1467-1484, December.
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    9. Sergei P. Dobrovolsky, 1951. "Appendices to "Corporate Income Retention, 1915–43"," NBER Chapters, in: Corporate Income Retention, 1915-43, pages 101-118, National Bureau of Economic Research, Inc.
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