International Journal of Management, IT and Engineering
Year : 2019, Volume : 9, Issue : 1
First page : ( 63) Last page : ( 79)
Online ISSN : 2249-0558.

Determinants of capital structure for multinational and domestic companies in India

Maheswari K.*, Dr. Gayathri J.**

*Ph. D Research Scholar, Department of Commerce and Financial Studies, Bharathidasan University, Trichy-24

**Assistant Professor, Department of Commerce and Financial Studies, Bharathidasan University, Trichy-24

Online published on 24 October, 2019.

Abstract

The capital structure of a firm represents a combination of debt and equity sources of funding that allows the company to finance its overall operations and growth. To examined that the determinants of capital structure for multinational and domestic companies in India. The sample consists of the S&P BSE Energy Index Constituents include sixteen multinational and nine domestic companies based on the availability of data in CMIE Prowess database thirteen multinational and eight domestic companies for the period of ten years from 1st April 2008 to 31st March 2017. The study found the variables namely are Non Debt Shield Tax, Business Risk, Bankruptcy Risk and Size has significant impact of select determinants on capital structure of Multinational and Domestic Companies in India.

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Keywords

Capital Structure, Multinational, Domestic Companies and OLS Regression Model.

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