Capital Structure, Equity Ownership and Corporate Performance

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A01=Krishna Dayal Pandey
A01=Tarak Nath Sahu
agency theory applications
Author_Krishna Dayal Pandey
Author_Tarak Nath Sahu
Capital Structure
Category=KCD
Category=KCM
Category=KND
corporate governance mechanisms
debt financing strategies
econometric analysis methods
empirical study Indian firms
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Financial Leverage
minority shareholder protection
Ownership Concentration
ownership concentration effects
Ownership Structure

Product details

  • ISBN 9781032503073
  • Weight: 410g
  • Dimensions: 156 x 234mm
  • Publication Date: 16 Aug 2023
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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This book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners.

The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the topic is addressed; the robust empirical evidence that it has produced and the simple and intelligible approach with which it is authored. It communicates the crucial relevance of corporate capital structure and equity-ownership to the moderation of agency relationship and shaping the internal governance mechanism, which ultimately results in increased or decreased operational efficiency and financial performance. It will enable readers to understand whether an increased amount of debt capital would bring about positive results for firms or create an extra burden on the management of their finances, preventing them from taking productive investment decisions due to the threat of liquidation.

The book will find an audience among advanced students, scholars and researchers who are interested in understanding the corporate finance practices and governance mechanism of Indian organizations.

Krishna Dayal Pandey is an Assistant Professor in the Department of Business Administration, Sidho-Kanho-Birsha University, West Bengal, India.

Tarak Nath Sahu is an Associate Professor in the Department of Business Administration, Vidyasagar University, West Bengal, India.

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