The objective of this study is to empirically examine the capital structure theories that can explain the capital structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure theories as a stand-alone basis as well as an...

The paper evaluates the return generating process for the Indian stock market implied by general multi-factor model and the Fama-French three-factor model in specific. It tests systematically and robustly, using a large sample data pooled from wide range of companies and periods, the relevance...

The present study is in continuation of our earlier attempt of developing quantitative benchmarks at the firm as well as at the industry level to evaluate Working Capital Management Performance of Corporate India from time to time. The previous attempt was based on the methodology designed by...