The study examines the determinants of debt maturity structure decisions, using a sample of companies chosen from two broad indices, viz., the BSE 500 and the CNX 500 index. The study results suggest that collateralizable assets and leverage are the important determinants of debt maturity...

The debt market is one of the most critical components of the financial system of any economy and acts as a leverage tool in a financial system. The debt market comprises of two segments: government securities market and corporate debt market. Indian debt market is dominated by government...

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' pecking...

Trade-off theory states that the optimum debt maturity is determined by a dynamic trade-off between the tax advantages of debt and deadweight cost of bankruptcy as the firms recapitalize with debt depending upon the term structure of interest rate and asset volatility. Therefore, the corporate...

Default by corporate is problem of concern for banking and financial services industry along with economy. Timely prediction of default is imperative for the bankers and regulators to devise and take preventive actions. There has been large numbers of studies across the world and in India too...