Impact of Capital Structure on Firm Value: Evidence from Nifty

8 Pages Posted: 29 May 2019

See all articles by rajshree sharma

rajshree sharma

Jiwaji University

Navita Nathani

Prestige Institute of Management

Date Written: February 11, 2018

Abstract

This study examines the effect of capital structure on value of firm of automobile companies during 2009 to 2018. Variables including size. Profitability, Tangibility. Growth and age taken for examining value of firm .the study found that the relation indicates leverage, profit, size, tangibility, and liquidity age are significantly effect on value of firm. Moreover, fertilizer sector found insignificant. Other macro economic factors i.e. GDP found insignificant but inflation rate significant with price to book value.

Keywords: Indian companies, capital structure decision, determinants value of firm, National Stock exchange, GDP, Inflation

JEL Classification: G32

Suggested Citation

sharma, rajshree and Nathani, Navita, Impact of Capital Structure on Firm Value: Evidence from Nifty (February 11, 2018). Available at SSRN: https://ssrn.com/abstract=3382088 or http://dx.doi.org/10.2139/ssrn.3382088

Rajshree Sharma (Contact Author)

Jiwaji University ( email )

Gwalior, 474011
India

Navita Nathani

Prestige Institute of Management ( email )

Airport Road, Opposite Deendayal
Nagar
Gwalior, MP 474 020
India

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