Capital Structure Dynamics: Evidence from BSE Sensitivity Index

Mr. Ankur Agarwal; Mr. Mridul Dharwal; Mr. K.R. Gola

doi:https://doi.org/10.69711/sharda.ijmir.v1i2.1203

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Capital Structure Dynamics: Evidence from BSE Sensitivity Index

Ankur Agarwal, Mridul Dharwal, K.R. Gola

https://doi.org/10.69711/sharda.ijmir.v1i2.1203

Author Details ( * ) denotes Corresponding author

1. * Ankur Agarwal, Assistant Professor, School of Business Studies, Sharda University, Greater Noida, U.P., India

2. Mridul Dharwal, Assistant Professor, School of Business Studies, Sharda University, Greater Noida, U.P., India

3. K.R. Gola, Assistant Professor, School of Business Studies, Sharda University, Greater Noida, U.P., India

This paper investigates the determinants of capital structure of BSE sensitivity index. For this purpose we applied a multiple regression model. On the data of the listed companies over the years 2001 -2010, an empirical study on determinants of capital structure in listed industry is conducted. The results show that profitability, firm size, non-debt tax shields, volatility are significant influence factors. Moreover, firm size is positively related to the corporate leverage ratio.

Keywords

Capital structure. Leverage Ratio, Capital structure determinants