Hospitals are an important component of the healthcare delivery system. Over the years, India has experienced a significant increase in the number iof hospital beds to meet the growing health demands of its poopulalation. Most of this growth has been experienced in the small sized private...

Purpose – The dividend payout behaviour of firms is a well-studied subject in finance. In recent times, the influence of macro economic factors and understanding their implications far corporate financial decisions has assumed significant importance. The objective of this paper is to study the...

This paper provides new insights on the way in which the capital structure and market power and capital structure and profitability are related. We predict and show that capital structure and market power, as measured by Tobin's Q, have a cubic relationship. That is, at lower and higher ranges...