Impact of Capital Structure on Firm Value: Evidence from Nifty
8 Pages Posted: 29 May 2019
Date Written: February 11, 2018
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
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