Bookcover of Capital Structure, Equity Ownership and Firm Performance
Booktitle:

Capital Structure, Equity Ownership and Firm Performance

Evidence From India

LAP LAMBERT Academic Publishing (2012-12-18 )

Books loader

Omni badge eligible for voucher
ISBN-13:

978-3-659-11828-9

ISBN-10:
3659118281
EAN:
9783659118289
Book language:
English
Blurb/Shorttext:
This study investigated the relationship between capital structure, equity ownership and firm performance using a sample from BSE-Listed Indian companies over the period of five years (2005-2010). The study constructs efficiency through data envelopment analysis (DEA). Using panel data analysis to examine the effect of efficiency on leverage and the empirical validity of the two competing hypotheses such as efficient risk hypothesis and franchise value hypothesis. The study results were consistent with the Jensen and Meckling (1975) agency cost model and we didn't found any significant impact of efficiency on leverage. There is evidence towards non-linearity in the relationship between ownership type with capital structure and firms performance. During the study time period the efficiency and the number of efficient companies in India had been decreasing due to the recession that broke out at mid-2008
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Mohd Imran Khan
Number of pages:
60
Published at:
2012-12-18
Stock:
Available
Category:
Economics
Price:
49.00 €
Keywords:
India, capital structure, efficiency, DEA, Agency Costs, Equity Ownership

Books loader

Newsletter

Adyen::amex Adyen::mc Adyen::visa Adyen::cup Adyen::unionpay Paypal CryptoWallet Wire Transfer

  0 products in the shopping cart
Edit cart
Loading frontend
LOADING