The purpose of the paper is to examine financing payout behavior of Indian firms. Specifically, the reliance of Indian firms on capital markets to finance their discretionary payouts (DCP) is explored using data of S&P BSE 500 firms for the sample period from 2010 to 2020. This study reports...

The present study investigates the role of institutional differences at the local level as determinants of firms' capital structure. Specifically, the aim is to empirically assess whether and to what extent SMEs' financial decisions are affected by local financial development - evaluating this...