Abstract Energy scarcity is the core drain for the South Asian economies. However, there is a lack of studies in relation to the capital structure determinants in the context of South Asian Association for Regional Cooperation (SAARC). Thus, this study is an attempt to explore the capital structure determinants of energy sector firms which are operating in the four large economies of the SAARC region that are Pakistan, India, Bangladesh and Sri Lanka. In this context, a total of 34 energy sector firms’ Panel Data is entailed over the period of 2007-2020. The six key capital structure determinants, namely asset tangibility, current ratio, return on equity, non-debt tax shield, annual gross domestic product are examined in relation to debt to total asset ratio. Deploying Panel Data Static models and Dynamic model via Generalized Method of Moments (GMM), the outcomes reveal that asset tangibility and current ratio are the most prominent determinants among all others. The significant role of profitability and tangibility through different estimators directly infers the relevance of Dynamic Trade-Off theory. The findings provide new ways for policy makers to construct parallel strategies which not only help out in overcoming the energy scarcity issues but also enhance regional level integration. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-22 How to Cite Ghani, E. K., Rehan, R., Salahuddin, S., & Hye, Q. M. A. (2023). Discovering Capital Structure Determinants for SAARC Energy Firms. International Journal of Energy Economics and Policy, 13(1), 135–143. https://doi.org/10.32479/ijeep.13938 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Muhammad Haseeb, Irwan Shah Zainal Abidin, Qazi Muhammad Adnan Hye, Nira Hariyatie Hartani, The Impact of Renewable Energy on Economic Well-Being of Malaysia: Fresh Evidence from Auto Regressive Distributed Lag Bound Testing Approach , International Journal of Energy Economics and Policy: Vol. 9 No. 1 (2019) Citra Sukmadilaga, Srihadi Winarningsih, Ivan Yudianto, Tri Utami Lestari, Erlane K. Ghani, Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Mohd Haizam Mohd Saudi, Obsatar Sinaga, Djoko Roespinoedji, Erlane K. Ghani, The Impact of Technological Innovation on Energy Intensity: Evidence from Indonesia , International Journal of Energy Economics and Policy: Vol. 9 No. 3 (2019) Gholam Reza Zandi, Erlane K. Ghani, Retno Martanti Endah Lestari, Siti Maimunah, The Impact of Management Accounting Systems, Eco-Innovations and Energy Efficacy on Firm's Environmental and Economic Performance , International Journal of Energy Economics and Policy: Vol. 9 No. 6 (2019) Obsatar Sinaga, Djoko Roespinoedji, Mohd Haizam Mohd Saudi, Erlane K. Ghani, The Role of Management Accounting Systems, Energy Efficiency and Organizational Innovation in driving Competitive Advantage and Firm Performance , International Journal of Energy Economics and Policy: Vol. 9 No. 3 (2019) Sulaiman Sajilan, Erlane K. Ghani, Siti Maimunah, Retno Martanti Endah Lestari, The Relationship of Environmental Uncertainty, AIS Efficiency and Energy Efficiency with Environmental and Operational Performance in Indonesia , International Journal of Energy Economics and Policy: Vol. 9 No. 5 (2019) Erlane K. Ghani, Qazi Muhammad Adnan Hye, Raja Rehan, Sultan Salahuddin, Examining Capital Structure Determinants for ASEAN Energy Firms , International Journal of Energy Economics and Policy: Vol. 13 No. 3 (2023) Gholamreza Zandi, Raja Rehan, Qazi Muhammad Adnan Hye, Sandy Low Bee Choo, Exploring Capital Structure Determinants for OECD Energy Firms , International Journal of Energy Economics and Policy: Vol. 13 No. 4 (2023) Make a Submission Make a Submission Dergi Kapağı
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