Prior research on firm performance at aggregate level may not be applicable for the firms classified on group affiliation and listing. This is because there is substantial difference in the structure of these firms belonging to each category. We examine the difference in the structure of the...

A stock's liquidity and its variability over time are of major concern for all the stakeholders of capital markets. Literature shows that market participants prefer liquid stocks and a stock's exposure to liquidity commonality is inversely proportional to market returns. Although the burgeoning...

This study evaluates the impact of financial reforms on the corporate financing decisions of 23 Indian industries for the period 1989-2005. We argue that the impact will be industry-specific because the regulatory and financial framework in which industries operate differs across industries....

quot;Studies on capital structure have been concentrated in developed countries; a few of them have been in countries such as India. This paper provides a) an empirical examination to the widely held existing theories on the determinants of corporate capital structure and their maturity; and b)...

This paper attempts to provide an empirical validation of the widely held existing theories on the determinants of firm performance in the Indian context. The study uses financial statement and capital market data of 566 large Indian firms over a time frame of eight years divided into two...