Purpose: The purpose of this paper is to examine the capital structure determinants and speed of adjustment (SOA) toward the target capital structure of firms. Design/methodology/approach: The study has used the generalized method of moments (GMM) model and two-stage least squares (TSLS) to the...

Purpose: This paper aims to gauge the quality of risk disclosure in 3,872 annual reports of Indian corporates, using a risk disclosure index (RDI) developed to capture both quality and quantity of risk disclosures. Design/methodology/approach: Focussing on 69 risk items, the paper uses manual...

Purpose Certified emission reduction (CER) survey studies in the literature are quite restrictive in scope. These studies are based on convenience sampling and, therefore, cannot be relied upon. The current study comprehensively surveys the strengths, weaknesses and suggestive measures for clean...

The management of current assets (CA) such as cash, marketable securities, inventory and debtors, etc. is a vital aspect of corporate finance. These assets must be managed efficiently in order to maintain the liquidity of the firm while also ensuring that they are not kept at high levels either....

Purpose – Memorandum of Understanding (MoU) has been conceived as an instrument to quantify/assess social and commercial obligations/performance of central public sector enterprises (PSEs) in India. The purpose of this paper is to measure the financial performance of the MoU PSEs and to...

Purpose – The purpose of this paper is to understand current practices in capital budgeting (including real options) in Indian companies and provide a normative framework (guidelines) for practitioners (based on our findings and literature reviewed). Design/methodology/approach – A...

Capital budgeting decisions affect the profitability of a business organization. Since these decisions are related to fixed assets, they have direct bearing on earnings since it is fixed assets which earn profits for the enterprise. Besides, these decisions relate to the commitment of large...

The objective of this paper is to examine whether there are significant variations in the profile of debt‐financing as a result of differences in industry, size and age group of the sample corporate enterprises in India. It also ascertains the trend in debt financing practices among the...