Impact of Capital Structure & Dividend Policy Payout

on Firm’s Financial Performance: A Quantitative Study from

Pakistan’s Textile Sector
Supervisor:
Sir Kamran Ali

Presented By:
Sana Irshad (MC15247)
 The Pecking Order Theory, also known as the
Pecking Order Model, relates to a company’s 
capital structure. Suggested by Donaldson in
1991 and later modified and made popular by
Stewart Myers and Nicolas Majluf in 1984, 

PACKING
Order The pecking order theory arises from the
Theory concept of asymmetric information.