Imamuddin Khoso’s scientific contributions

: The aim of this study is to an analysis of Determinants of Debt Financing: A Case study of the Cement Industry of Pakistan. As Profitability is one of the best tools to measure the performance of any firm or sector. The current study also aims to analyze the impact of intangible assets on the profitability of the cement industry of Pakistan. To analyze the impact of intangible assets on profitability some control variables are also used in this research i.e. capital structure, firm size, growth rate, non-debt tax shield, and working capital, alongside these variables intangible assets are also used as a determinant of the profitability and age of the firm is used as a moderator between intangible assets and the profitability of the firm. The Data collected Twenty years of (unbalanced) annual data i.e. 1998 to 2017 of twenty cement companies listed under the Pakistan stock exchange is used and the data sources are secondary. To analyze the data panel data regression is used, the results of the study concluded that a positive and significant relationship exists between intangibles and profitability, and the age of the firm moderated the relationship between the two variables. Firms in Pakistan should report intangible assets in their financial statements, the managers of the said industry need to manage the intangible assets of their firm efficiently and should work on its disclosure in their financial statements.