This paper proposes a parsimonious model to investigate the conjecture of non monotonous relation between a firm's product market performance and its capital structure with special reference to emerging economy. A semi-parametric model has been proposed here to understand the non-linearity...

While there are many evidences of nonlinearity in developed markets, there has not been many works in this direction in Indian financial markets. In this study we wish to bridge this gap by testing for nonlinearity in the Indian stock and commodity market. We consider the index movements in...