Revisiting the paradox in the capital structure practices: evidence from NSE listed companies in India
Publication details: Kolkata CMA Kaushik Banerjee 2023Edition: Vol.58(5), MayDescription: 78-81pSubject(s): Online resources: In: Management and accountant journalSummary: Capital structure practice becomes an interesting puzzle to be solved in the theory of finance in today’s complex corporate world. In this context, this study investigates the determining factors of capital structure pertaining to companies enlisted in NSE in India in the light of various capital structure theories. The inferences of the study indicate that tangibility and liquidity exhibit negative significant association with Leverage and Non-debt Tax Shield (NDTS) shows direct association with leverage. Tangibility and NDTS demonstrates strong dominance in determining degree of leverage during the period. Thus, it is evident that Pecking order theory has more elucidative power in comparison to other theories.| Item type | Current library | Status | Barcode | |
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Articles Abstract Database
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School of Engineering & Technology (PG) Archieval Section | Not for loan | 2023-1437 |
Capital structure practice becomes an interesting puzzle to be solved in the theory of finance in today’s complex corporate world. In this context, this study investigates the determining factors of capital structure pertaining to companies enlisted in NSE in India in the light of various capital structure theories. The inferences of the study indicate that tangibility and liquidity exhibit negative significant association with Leverage and Non-debt Tax Shield (NDTS) shows direct association with leverage. Tangibility and NDTS demonstrates strong dominance in determining degree of leverage during the period. Thus, it is evident that Pecking order theory has more elucidative power in comparison to other theories.
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