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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/9801
Title: | Is there Optimality in Firms Capital Structure? An Empirical Study |
Authors: | Santanu Kumar Ghosh Paritosh Chana Sinha |
Issue Date: | 2009 |
Publisher: | Finance India |
Abstract: | The paper reports that, when firms follow the Pecking Order Theory, a sub-optimality with the cost components of firm 'capital structure exists. The sub-optimality ives firms to follow the Trade - Off Theory to reach optimality concerning the cost components of capital structure. At higher LTD/EqR ratios firms follow the Pecking Order financing and subsequently change the capital structure due to the interplay of profitability, cost of financing and influence of financing on profitability. |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/9801 |
Appears in Collections: | Articles to be qced |
Files in This Item:
File | Size | Format | |
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Is there Optimality in Firm's Capital Structure.pdf Restricted Access | 7.84 MB | Adobe PDF | View/Open Request a copy |
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