This paper examines the value relevance of leverage to equity investors. We construct a short-term investment strategy based on leverage of Indian firms over a ten year period. We examine the ability of leverage to predict stock returns by analysing the cumulative abnormal returns for a holding...

What is the impact of the COVID-19 crisis on the corporate governance practices of firms? In this paper, first, we discuss the impact of COVID-19, then analyse how corporate governance practises have been affected and conclude with recommendations of policies to be adapted by firms in principle...

Despite the increasing attention on the role of internationalization in firms' capital structure decisions, and the increasing adoption of zero leverage policies by multinationals, no study attempts to explain the effect of multi-nationality on the zero leverage decision. We explore the...

The COVID-19 pandemic has brought about unprecedented uncertainty and fear to the global economies. In this article, first, we discuss the impact of COVID-19 on the travel and tourism industry by examining the implications of the pandemic on the hospitality, leisure, and travel sub-sectors and...

The primary aim of this study is to examine the effect of bank-specific and macroeconomic determinants of Indian bank’s profitability over a period of ten years. The study classifies banks’ ownership into public banks, private banks and foreign banks. A balanced panel data of 87 banks over a...