Over the last few months of 2011 Indian economy has been showing signs of weakness. The Report of Government of India on external debt however claims that India's external debt position is steadily improving on account of prudent management. But with a thorough study of the macroeconomic...

Several theories like optimal trading range hypothesis, liquidity hypothesis, signaling hypothesis have been advanced in relation to this non-economic corporate event. But still there is need to study the investors' optimizing behavior after stock split. With this focus on optimization of the...

Purpose: The purpose of the study is to analyze motivation behind payment of cash dividend by the firms in India in presence of tax provision that discourages payment of dividend by imposing tax on firms at the time of distribution.Design/methodology/approach First, consistent with Jensen's...

Political connection of firms is an important issue not just for corporate governance of an individual firm but from macro economic standpoint for the governance of the society as a whole. In India information on political connectedness of a firm is heuristic in nature and proxied by newspapers...

World has been witnessing financial crisis, emanating from the financial sector every now and then. Failed banks of bankrupt financial firms are being regularly bailed out, creating moral hazard problem and adversely affecting the health of the entire financial sector of the globe. This paper...

There are three major theories in the Corporate Finance literature, namely, Trade-off theory, Agency Cost theory and Pecking-Order theory that highlight different determinants of corporate capital structure. In an attempt to study the determinants of capital structure in Indian scenario and to...