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020 _a9781032503080
082 _a332.042
_bPAN
100 _aPandey, Krishna Dayal
_922090
245 _aCapital structure, equity ownership and corporate performance:
_bevidence from Indian manufacturing firms
260 _bRoutledge
_aLondon
_c2024
300 _aviii, 115 p.
365 _aGBP
_b39.99
490 _aRoutledge Studies in Development Economics
520 _aThis book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners. The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the topic is addressed; the robust empirical evidence that it has produced and the simple and intelligible approach with which it is authored. It communicates the crucial relevance of corporate capital structure and equity-ownership to the moderation of agency relationship and shaping the internal governance mechanism, which ultimately results in increased or decreased operational efficiency and financial performance. It will enable readers to understand whether an increased amount of debt capital would bring about positive results for firms or create an extra burden on the management of their finances, preventing them from taking productive investment decisions due to the threat of liquidation. The book will find an audience among advanced students, scholars and researchers who are interested in understanding the corporate finance practices and governance mechanism of Indian organizations. (https://www.routledge.com/Capital-Structure-Equity-Ownership-and-Corporate-Performance-Evidence-from-Indian-Manufacturing-Firms/Pandey-Sahu/p/book/9781032503080)
650 _aCorporate finance
650 _aCapital structure
_922091
700 _aSahu, Tarak Nath
_922092
942 _cBK
_2ddc
999 _c8919
_d8919