The paper evaluates the impact of capital structure on profitability and market price of large cap and mid cap Indian pharmaceutical companies. The pharmaceutical companies listed in NSE and NSE midcap index were selected for the study. The secondary data was considered from 2013 to 2017. The...

An important assumption in the statistical analysis of the financial market effects of the central bank's large scale asset purchase program is that the 'long-term debt stock variables were exogenous to term premia'. We test this assumption for a small open economy in a currency union over the...

Given the structural differences in banking sector and financial regulation at country level in European Economic and Monetary Union (EMU), this paper tries to estimate the banking sector risk behavior at country level. Based on contingent claim literature, it computes “Distance-to-default...