On the query of corporate capital structure dynamics, an inclusive theory that unifies the ‘modern' capital structure theories is pending as yet. A comprehensive capital structure theory should consider the firms' time-state-focus choices over time. Firms' comprehensive capital structure...

The paper reports that, when firms follow the Pecking Order Theory, a sub-optimality with the cost components of firms' capital structure exists. The sub-optimality drives firms to follow the Trade-Off Theory to reach optimality concerning the cost components of capital structure. At higher...

The present paper considers the issue of corporate strategic financing choices from the dynamic views, and it puts forward a unifying view, where the view logically argues that the issue of financing decision is a combined choice of the firms' decision set of “time-state-focus”. The view...

How do the intraday stock traders behave in the stock markets? The paper explores the query with the real-time stock trade data for the trade time, the trade price and the trade volume of a few scripts listed in both the BSE and NSE stock markets in India. It also puts forward a theoretical...

Purpose:- In contrast to a 'point of view' theory, a unifying view fits different view points in firms' financing choices. It requires reconciliation of the points of views. We work on that end and examine the same with Indian firms' data empirically.Methods:- Given that CFOs show dynamic...

In the case of sample audit of the medical insurance claims, a complex as well as serious problem arises with the reality of the population characteristics of population error. The present study examines whether sample claims (those the auditors consider by nature or classification) is random or...

The researchers' understandings on the relevance of corporate capital structure decisions have been shifted from the examination of the irrelevance argument to the relevance argument and its different facets. In the literature, the modern theories have overemphasized on the different “points...

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...

What is money? Is it only a medium of exchange simply? Is “money” absent in the barter system? Is it an instrument of settlement of payment only or is it an instrument to store value for future consumption or to facilitate future transaction or exchange value for completion of the underlying...