In explaining the dynamics of corporate Reserve Debt Capacity (RDC) at its utilization and creation of the high-risk and low-risk RDC by the high-value and low-value firms, the present paper seeks to put forward a new theory in literature. Utilizing the concept of suboptimality at firms’...

This paper investigates the two-way association between economic performance and quality of discretionary disclosure of sustainable environmental practices. The study focuses on seven Asian countries, namely, India, Japan, China, South Korea, Malaysia, Indonesia and Israel. The result of primary...

This paper attempts to empirically study the relationship between Index of Industrial Production, Consumer Price Index, Exchange Rate of Indian Rupee against the US Dollar, Gold price and Money Supply with the Stock Market Liquidity. Using two widely used proxies to liquidity that is Turnover...

The present study hypothesizes that the firms which follow the Pecking Order Theory (POT) may consistently move towards the Market Timing Theory (MTT) with dynamic revisions. Here, we argue that the cost of asymmetric information related to the equity (or debt) financing reduces in the...