This paper addresses to the question: How do firms in emerging economy choose their capital structure? Thai firms’ capital structures were empirically investigated to find their patterns over the period of the country’s financial liberalisation and economic success. Also, the attributes of...

The purpose of this study was to assess the degree of professionalism in three all-India level DFIs -–IDBI, IFCI and ICICI. It was also intended to derive implications for developing policies and procedures for managing development banks in general. On the basis of experiences of all-India...

Recently some corporate managers in India have started emphasising the need of the shareholder value creation (SVC). A few of them have explicitly stated SVC as their most important goal. Companies such as the Hindustan Lever Limited, Infosys or Balrampur Chini have reported information on the...

The presence of the seasonal or monthly effect in stock returns has been reported in several developed and emerging stock markets. This study investigates the existence of seasonality in Indias stock market. It covers the post-reform period. The study uses the monthly return data of the Bombay...

Accounting for leases is a debatable subject in spite of variety of standards having been issued by the professional accounting bodies all over the world. Two important issues relate to the treatment of lease rentals and the disclosure of leased assets in the financial statements. Opinions are...

The objectives of the study are (a) to ascertain the financial goals pursued by companies in Malaysia and (b) to find out the relationship between firms financial performance and stated financial goals. Data on the financial goals are collected from 41 KLSE listed firms through a questionnaire....

This review article has attempted to highlight the trends in financial management research in India. It has shown how methodologies such as regression analysis, factor analysis, multiple discriminant analysis, control theory, survey methods etc have been applied to financial data by the Indian...

The aim of this paper is to critically evaluate the structure and prospects of the leasing industry in India. Financial data of 29 selected leasing companies are analyzed to formulate the strategic groups of the leasing companies. It is argued that the winners of future would be either those...

We examine the determinants of capital structure of Malaysian companies utilizing data from 1984 to 1999. We classify data into four sub-periods that correspond to different stages of Malaysian capital market. Debt is decomposed into three categories: short-term, long-term and total debt. Both...

In the strategy literature a lot of emphasis is placed on growth as a dominant business strategy. Is growth always desirable? The finance literature, on the other hand, focuses more on economic profitability and value. This study empirically explores the significance of profitability and growth...