Liquidity plays a significant role in the successful functioning of a business firm. A firm should ensure that it does not suffer from lack-of or excess liquidity to meet its short-term compulsions. A study of liquidity is of major importance to both the internal and the external analysts...

Background: Since the liberalization of Indian economy, there has been an upsurge in research on company finance, particularly aimed at understanding how companies finance their activities and why they finance their activities in these specific ways. In practice, it is observed that finance...

Background: While there may be a lack of consensus on exactly what drives the capital structure decision, there is no lack of alternative hypotheses. One of these theories, capital structure life stage theory, is conspicuously underdeveloped. Although mentioned in text-books (Damodaran, 2001),...

Since last two decades, there is continuing research on company financing activities, particularly aimed at understanding how companies finance their investments and what source they use to finance their activities. Despite decades of intensive research, and hundreds of papers after Modigliani...