Hashemi, T. M. and Shivaraj, B. (2014) Relationship between market-to-book equity ratio and firm's leverage: a case study of firms listed on national stock exchange of India (NSE). Asian Journal of Research in Business Economics and Management, 4 (9). ISSN 2249-7307
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The purpose of this study is to examine the relationship between market-to-book equity ratio and leverage of firms listed on National Stock Exchange of India (NSE). Most of the literature in this debate is from developed countries and they confirmed that there is negative relationship between market-to-book equity ratio and leverage. Results of this paper are same as results of US, France, Germany and UK. This paper discovers that there is negative relationship between market-to-book equity ratio and leverage of Indian firms. Among Indian sectors only market-to-book equity ratio of FMCG, Consumer durables, Automobile and IT had significant and negative relationship with leverage and this relationship for remaining sectors was insignificant. Finally it can be concluded that apart from net tax benefit of debt, future investment opportunities is an important factor for determining the market-to-book equity ratio of firm.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Leverage and Market-To-Book Equity Ratio and Firm Value and NSE |
| Subjects: | G Commerce > Management Science |
| Divisions: | Department of > Management |
| Depositing User: | Users 19 not found. |
| Date Deposited: | 09 Oct 2019 06:53 |
| Last Modified: | 09 Oct 2019 06:53 |
| URI: | http://eprints.uni-mysore.ac.in/id/eprint/8791 |
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