How to cite this paper
Tripathy, S & Shaik, A. (2020). Leverage and firm performance: Empirical evidence from Indian food processing industry.Management Science Letters , 10(6), 1233-1240.
Refrences
Adrian, T., & Shin, H. S. (2010). Liquidity and leverage. Journal of Financial Intermediation, 19(3), 418-437.
Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297.
Bandyopadhyay, A., & Barua, N. M. (2016). Factors determining capital structure and corporate performance in India: Studying the business cycle effects. The Quarterly Review of Economics and Finance, 61, 160-172.
Bradley, M., Jarrell, G. A., & Kim, E. H. (1984). On the existence of an optimal capital structure: Theory and evi-dence. The Journal of Finance, 39(3), 857-878.
Chakraborty, I. (2010). Capital structure in an emerging stock market: The case of India. Research in International Busi-ness and Finance, 24(3), 295-314.
Chowdhury, A., & Chowdhury, S. P. (2010). Impact of capital structure on firm’s value: Evidence from Bangla-desh. Business and Economic Horizons (BEH), 3(1232-2016-101116), 111-122.
Chung, Y. P., Na, H. S., & Smith, R. (2013). How important is capital structure policy to firm survival?. Journal of Corpo-rate Finance, 22, 83-103.
Devereux, M. P., Maffini, G., & Xing, J. (2018). Corporate tax incentives and capital structure: New evidence from UK firm-level tax returns. Journal of Banking & Finance, 88, 250-266.
Didier, T., & Schmukler, S. L. (2013). The financing and growth of firms in China and India: Evidence from capital mar-kets. Journal of International Money and Finance, 39 (1): 111–137.
Ebaid, I. E. S. (2009). The impact of capital‐structure choice on firm performance: empirical evidence from Egypt. The journal of risk Finance, 10(5), 477 -487.
Ehrhard, M., & Brigham, E. (2003). Corporate finance - A focused approach, 1st ed., Mason, Thomson, p. 121.
Erenburg, G., Smith, J. K., & Smith, R. (2016). Which institutional investors matter for firm survival and perfor-mance?. The North American Journal of Economics and Finance, 37(2), 348-373.
Frank, M. Z., & Goyal, V. K. (2003). Testing the pecking order theory of capital structure. Journal of financial econom-ics, 67(2), 217-248.
Gedajlovic, E., & Shapiro, D. M. (2002). Ownership structure and firm profitability in Japan. Academy of Management Journal, 45(3), 565-575.
Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Economet-rics, 90(1), 1-44.
King, M. R., & Santor, E. (2008). Family values: Ownership structure, performance and capital structure of Canadian firms. Journal of Banking & Finance, 32(11), 2423-2432.
Leland, H. E., & Pyle, D. H. (1977). Informational asymmetries, financial structure, and financial intermediation. The journal of Finance, 32(2), 371-387.
Margaritis, D., & Psillaki, M. (2010). Capital structure, equity ownership and firm performance. Journal of banking & fi-nance, 34(3), 621-632.
Michaelas, N., Chittenden, F., & Poutziouris, P. (1999). Financial policy and capital structure choice in UK SMEs: Empir-ical evidence from company panel data. Small Business Economics, 12(2), 113-130.
Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. American Economic Review, 48(3), 261–297.
Modigliani, Franco, and Miller, Merton H. (1963). Corporate income taxes and the cost of capital: A correction. American Economic Review, 53 (3), 433-43.
Myers, S. C. (2001). Capital structure. Journal of Economic perspectives, 15(2), 81-102.
Nachane, D. M. (2006). Econometrics: Theoretical Foundations and Empirical Perspectives. Oxford University Press.
Pedroni, P. (2001). Fully modified OLS for heterogeneous cointegrated panels. In Nonstationary panels, panel cointegra-tion, and dynamic panels (pp. 93-130). Emerald Group Publishing Limited.
Pedroni, P. (2004). Panel cointegration, asymptotic and finite sample properties of pooled time series tests with an appli-cation to the purchasing power parity hypothesis. Econometric Theory, 20(3), 579–625.
Pirzada, K., Mustapha, M. Z. B., & Wickramasinghe, D. (2015). Firm Performance, Institutional Ownership and Capital Structure: A Case of Malaysia. Procedia-Social and Behavioral Sciences, 211, 170-176.
Ross, S. A. (1977). The determination of financial structure: the incentive-signalling approach. The Bell Journal of Eco-nomics, 8(1), 23-40.
Rahman, A., & Rajib, P. (2017). CNX NIFTY Index Reorganizations and Firm Performance. IUP Journal of Applied Fi-nance, 23(3), 5-27.
Rahman, A., & Rajib, P. (2018). Index Revisions, Stock Liquidity and the Cost of Equity Capital. Global Business Re-view, 19(4), 1072-1089.
Rajan, R. G., & Zingales, L. (1995). What do we know about capital structure? Some evidence from international da-ta. The journal of Finance, 50(5), 1421-1460.
Rovolis, A., & Feidakis, A. (2014). Evaluating the impact of economic factors on REITs' capital structure around the world. Journal of Property Investment & Finance, 32(1), 5-20.
Saeedi, A., & Mahmoodi, I. (2011). Capital structure and firm performance: Evidence from Iranian compa-nies. International Research Journal of Finance and Economics, 70(1), 20-29.
Salim, M., & Yadav, R. (2012). Capital structure and firm performance: Evidence from Malaysian listed compa-nies. Procedia-Social and Behavioral Sciences, 65, 156-166.
Sukhtankar, S. (2016). Does firm ownership structure matter? Evidence from sugar mills in India. Journal of Development Economics, 122, 46-62.
Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. The Journal of finance, 43(1), 1-19.
Tripathy, S., & Singh, S. (2018), Can capital structure influence the performance of the firm? Evidence from India, The Empirical Economics Letters, 17(11), 1391-1401.
Tripathy, S., & Pradhan, R. P. (2014). Banking sector development and economic growth in India. Global Business Re-view, 15(4), 767-776.
Vătavu, S. (2015). The impact of capital structure on financial performance in Romanian listed companies. Procedia Eco-nomics and Finance, 32, 1314-1322.
Vo, X. V., & Ellis, C. (2017). An empirical investigation of capital structure and firm value in Vietnam. Finance Research Letters, 22, 90-94.
Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297.
Bandyopadhyay, A., & Barua, N. M. (2016). Factors determining capital structure and corporate performance in India: Studying the business cycle effects. The Quarterly Review of Economics and Finance, 61, 160-172.
Bradley, M., Jarrell, G. A., & Kim, E. H. (1984). On the existence of an optimal capital structure: Theory and evi-dence. The Journal of Finance, 39(3), 857-878.
Chakraborty, I. (2010). Capital structure in an emerging stock market: The case of India. Research in International Busi-ness and Finance, 24(3), 295-314.
Chowdhury, A., & Chowdhury, S. P. (2010). Impact of capital structure on firm’s value: Evidence from Bangla-desh. Business and Economic Horizons (BEH), 3(1232-2016-101116), 111-122.
Chung, Y. P., Na, H. S., & Smith, R. (2013). How important is capital structure policy to firm survival?. Journal of Corpo-rate Finance, 22, 83-103.
Devereux, M. P., Maffini, G., & Xing, J. (2018). Corporate tax incentives and capital structure: New evidence from UK firm-level tax returns. Journal of Banking & Finance, 88, 250-266.
Didier, T., & Schmukler, S. L. (2013). The financing and growth of firms in China and India: Evidence from capital mar-kets. Journal of International Money and Finance, 39 (1): 111–137.
Ebaid, I. E. S. (2009). The impact of capital‐structure choice on firm performance: empirical evidence from Egypt. The journal of risk Finance, 10(5), 477 -487.
Ehrhard, M., & Brigham, E. (2003). Corporate finance - A focused approach, 1st ed., Mason, Thomson, p. 121.
Erenburg, G., Smith, J. K., & Smith, R. (2016). Which institutional investors matter for firm survival and perfor-mance?. The North American Journal of Economics and Finance, 37(2), 348-373.
Frank, M. Z., & Goyal, V. K. (2003). Testing the pecking order theory of capital structure. Journal of financial econom-ics, 67(2), 217-248.
Gedajlovic, E., & Shapiro, D. M. (2002). Ownership structure and firm profitability in Japan. Academy of Management Journal, 45(3), 565-575.
Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Economet-rics, 90(1), 1-44.
King, M. R., & Santor, E. (2008). Family values: Ownership structure, performance and capital structure of Canadian firms. Journal of Banking & Finance, 32(11), 2423-2432.
Leland, H. E., & Pyle, D. H. (1977). Informational asymmetries, financial structure, and financial intermediation. The journal of Finance, 32(2), 371-387.
Margaritis, D., & Psillaki, M. (2010). Capital structure, equity ownership and firm performance. Journal of banking & fi-nance, 34(3), 621-632.
Michaelas, N., Chittenden, F., & Poutziouris, P. (1999). Financial policy and capital structure choice in UK SMEs: Empir-ical evidence from company panel data. Small Business Economics, 12(2), 113-130.
Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. American Economic Review, 48(3), 261–297.
Modigliani, Franco, and Miller, Merton H. (1963). Corporate income taxes and the cost of capital: A correction. American Economic Review, 53 (3), 433-43.
Myers, S. C. (2001). Capital structure. Journal of Economic perspectives, 15(2), 81-102.
Nachane, D. M. (2006). Econometrics: Theoretical Foundations and Empirical Perspectives. Oxford University Press.
Pedroni, P. (2001). Fully modified OLS for heterogeneous cointegrated panels. In Nonstationary panels, panel cointegra-tion, and dynamic panels (pp. 93-130). Emerald Group Publishing Limited.
Pedroni, P. (2004). Panel cointegration, asymptotic and finite sample properties of pooled time series tests with an appli-cation to the purchasing power parity hypothesis. Econometric Theory, 20(3), 579–625.
Pirzada, K., Mustapha, M. Z. B., & Wickramasinghe, D. (2015). Firm Performance, Institutional Ownership and Capital Structure: A Case of Malaysia. Procedia-Social and Behavioral Sciences, 211, 170-176.
Ross, S. A. (1977). The determination of financial structure: the incentive-signalling approach. The Bell Journal of Eco-nomics, 8(1), 23-40.
Rahman, A., & Rajib, P. (2017). CNX NIFTY Index Reorganizations and Firm Performance. IUP Journal of Applied Fi-nance, 23(3), 5-27.
Rahman, A., & Rajib, P. (2018). Index Revisions, Stock Liquidity and the Cost of Equity Capital. Global Business Re-view, 19(4), 1072-1089.
Rajan, R. G., & Zingales, L. (1995). What do we know about capital structure? Some evidence from international da-ta. The journal of Finance, 50(5), 1421-1460.
Rovolis, A., & Feidakis, A. (2014). Evaluating the impact of economic factors on REITs' capital structure around the world. Journal of Property Investment & Finance, 32(1), 5-20.
Saeedi, A., & Mahmoodi, I. (2011). Capital structure and firm performance: Evidence from Iranian compa-nies. International Research Journal of Finance and Economics, 70(1), 20-29.
Salim, M., & Yadav, R. (2012). Capital structure and firm performance: Evidence from Malaysian listed compa-nies. Procedia-Social and Behavioral Sciences, 65, 156-166.
Sukhtankar, S. (2016). Does firm ownership structure matter? Evidence from sugar mills in India. Journal of Development Economics, 122, 46-62.
Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. The Journal of finance, 43(1), 1-19.
Tripathy, S., & Singh, S. (2018), Can capital structure influence the performance of the firm? Evidence from India, The Empirical Economics Letters, 17(11), 1391-1401.
Tripathy, S., & Pradhan, R. P. (2014). Banking sector development and economic growth in India. Global Business Re-view, 15(4), 767-776.
Vătavu, S. (2015). The impact of capital structure on financial performance in Romanian listed companies. Procedia Eco-nomics and Finance, 32, 1314-1322.
Vo, X. V., & Ellis, C. (2017). An empirical investigation of capital structure and firm value in Vietnam. Finance Research Letters, 22, 90-94.