Dr.Hemaprasanna, S and Dr.Karthi keyani, J (2023) Indian Automobile Industry - A Study on Its Capital Structure. Indian Automobile Industry - A Study on Its Capital Structure, 9 (9). ISSN 2349-6002

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Abstract

Financial decisions are the most important
decisions since they affect Risk and return of the
shareholders. Decisions relating to the capital structure
form vital among all financial decisions. This study is an
attempt to analyse the determinants of the capital
structure of Indian Automobile industry. Sample of the
study consists of ten companies of Indian Automobile
industry. Selection of companies is based on debt-equity
ratio and the data availability for the period of study. The
data used are secondary in nature and it has been
collected from ACE Equity database for a period of
sixteen years from 2005-2006 to 2020-2021. Correlation,
Regression and Step wise regression were the statistical
tools used for the analysis of the data. The results of the
study indicate that among the sixteen variables, six
variables viz., ‘return on equity’, ‘size’, ‘dividend pay-
out ratio’, ‘effective tax rate’, ‘cost of equity’, and ‘cost
of debt’ are the most significant factors that influence
debt-equity ratio.

Item Type: Article
Uncontrolled Keywords: Financial decisions, Capital structure, Debt- Equity ratio, Return on equity and Size
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Mr Team Mosys
Date Deposited: 29 Dec 2023 08:55
Last Modified: 29 Dec 2023 08:55
URI: http://ir.psgcas.ac.in/id/eprint/2086

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