ISSN 2394-5125
 

Research Article 


CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA)

M. Sreedhar babu, sayyad saadiq ali.

Abstract
This examination is meant to explore the capital structure determinants of Indian firms listed in
NSE for the period from 2011 to 2020. A panel data set of 125 (1250 observations) firms for the last decade
time frame is accumulated yearly monetary reports of firms listed at NSE. The analysis uses the POT and TOT
in discovering the determinants of capital structure and their influence on the capital structure choices. The
influencing factors of size, nature, Profitability, growth, and risk are considered to speak to the effect on
dependent variable. The results of the examination show that the size of the firm and risk involved in the
specific business are emphatically identified with capital structure. The profitability, growth and nature of the
firm in which the firm is operating are adversely influencing the capital structure. The aftereffect of firm size
(assets) is reliable with the TOT and consequently profitability is predictable with the POT.

Key words: Pecking Order Theory (POT), Trade-Off Theory (TOT), debt-equity mix, size, growth, nature of firm.


 
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Pubmed Style

M. Sreedhar babu, sayyad saadiq ali. CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). JCR. 2020; 7(19): 2034-2039. doi:10.31838/jcr.07.19.246


Web Style

M. Sreedhar babu, sayyad saadiq ali. CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). http://www.jcreview.com/?mno=114758 [Access: September 14, 2020]. doi:10.31838/jcr.07.19.246


AMA (American Medical Association) Style

M. Sreedhar babu, sayyad saadiq ali. CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). JCR. 2020; 7(19): 2034-2039. doi:10.31838/jcr.07.19.246



Vancouver/ICMJE Style

M. Sreedhar babu, sayyad saadiq ali. CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). JCR. (2020), [cited September 14, 2020]; 7(19): 2034-2039. doi:10.31838/jcr.07.19.246



Harvard Style

M. Sreedhar babu, sayyad saadiq ali (2020) CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). JCR, 7 (19), 2034-2039. doi:10.31838/jcr.07.19.246



Turabian Style

M. Sreedhar babu, sayyad saadiq ali. 2020. CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). Journal of Critical Reviews, 7 (19), 2034-2039. doi:10.31838/jcr.07.19.246



Chicago Style

M. Sreedhar babu, sayyad saadiq ali. "CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA)." Journal of Critical Reviews 7 (2020), 2034-2039. doi:10.31838/jcr.07.19.246



MLA (The Modern Language Association) Style

M. Sreedhar babu, sayyad saadiq ali. "CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA)." Journal of Critical Reviews 7.19 (2020), 2034-2039. Print. doi:10.31838/jcr.07.19.246



APA (American Psychological Association) Style

M. Sreedhar babu, sayyad saadiq ali (2020) CHOICES AND DETERMINANTS OF CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF FIRMS LISTED IN NSE (INDIA). Journal of Critical Reviews, 7 (19), 2034-2039. doi:10.31838/jcr.07.19.246