Leverage (debt) is very important concept from the perspective of the operational side of a firm. This research study tries to make an attempt to determine the relationship between different proxy variables of leverage (closely related to capital structure) and firm's performance with special...

The question why firms voluntarily forgo considerable portions of their debt capacity is puzzling financial economists. Across a wide range of industries and countries, empirically observed equity ratios are significantly higher as expected by classical capital structure theories. A potential...