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Capital Structure, Equity Ownership and Firm Performance

 

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  • Product Description
 
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
Product Specifications
SKU :COC14098
AuthorMohd Imran Khan
LanguageEnglish
BindingPaperback
Number of Pages60
Publishing Year12/18/2012
ISBN978-3659118289
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00
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