Energy Prices and the Financial Performance of Different Industries in Pakistan

Qamar Rasheed

Energy Prices and the Financial Performance of Different Industries in Pakistan

Qamar Rasheed * §

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§ The University of Lahore-Pakistan

Energy Prices and the Financial Performance of Different Industries in Pakistan

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Abstract

The study conducted to analyze the influence of energy prices on the financial performance of large-scale manufacturing industries listed in Pakistan Stock Exchange over the period of 2007 to 2016. The financial indicators namely, return on equity, return on asset and profit margin ratio are used as dependent variables while exchange rate is used as control variable. This research used five different industrial sectors of Pakistan namely textile sector, cement sector, sugar sector, automobile assembling sector, and pharmaceutical sector. The population consisted of 170 companies however only 67 companies included in the sample of the study based on availability and accessibility of the data. The panel regression method employed for each sector of the study separately. The fixed effect estimator and random effect estimator applied to each sector of the study along with key financial indicators separately.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Qamar Rasheed. 2019. "Energy Prices and the Financial Performance of Different Industries in Pakistan". Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C3).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-C Classification JEL Code: E44

Submission ReceivedDecember 8, 2018
Peer Review Double Blind
Handling Editor
Accepted January 1, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

April 15, 2019

Language

English

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Article Matrices

Total Score: 148

Country: Pakistan

Subject: Global Journal of Management and Business Research

Authors: Qamar Rasheed (PhD/Dr. count: 0)

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Publish Date: 2019 01, Tue

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