Nirmala, J. and Anand, D. (2017) Determinants of capital structure: an experience of consumer durables industry. International Journal in Management and Social Science, 5 (6). pp. 250-260. ISSN 2321-1784
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Abstract
Debt and equity choice is one of the major financial decisions for every company which may affect its value. The Capital structure of a firm is the combination of debt, equity and other sources of finance that it uses to support its long-term asset. The present study has the objective of identifying determinants of capital structure, to test for the applicability of trade-off theory, the plan that a company chooses percentage of debt finance and equity finance to use by balancing the costs and benefits, the trade-off between the dead-weight costs of bankruptcy and the tax saving arrangement of debt. The study is based on the sample data drawn from the Indian Consumer durables industry for the five year period 2011-12 to 2015-16. The study examines the determinants of capital structure of consumer durables listed firms in BSE. For examining the various determinants that affect the capital structure of the firms in the present study consider, leverage as a dependent variable, thirteen independent variables are included, all of which relate to the theory. These variables are divided into two group, firm characteristics variables and policy and decision variables. Econometrics is used for the analysis
| Item Type: | Article |
|---|---|
| Subjects: | G Commerce > Management Science |
| Divisions: | Department of > Management |
| Depositing User: | C Swapna Library Assistant |
| Date Deposited: | 12 Mar 2020 05:46 |
| Last Modified: | 12 Mar 2020 05:46 |
| URI: | http://eprints.uni-mysore.ac.in/id/eprint/11986 |
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