IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS
This paper seeks to investigate the relationship between equity and factors affecting them in Indian medium-sized food industry. The analysis has been done on medium-sized firms of food industry taken from prowess software. The data of 5 years has been taken from 2013-2017 so as to get a clear view...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolaus Copernicus University in Toruń
2020-06-01
|
| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/CJFA/article/view/30368 |
| _version_ | 1827834911966363648 |
|---|---|
| author | Ansita Aggarwal Satya Ranjan Acharya |
| author_facet | Ansita Aggarwal Satya Ranjan Acharya |
| author_sort | Ansita Aggarwal |
| collection | DOAJ |
| description | This paper seeks to investigate the relationship between equity and factors affecting them in Indian medium-sized food industry. The analysis has been done on medium-sized firms of food industry taken from prowess software. The data of 5 years has been taken from 2013-2017 so as to get a clear view of analysis over the period of time. Regression analysis is used in the estimation of functions related to equity with a measure of capital structure. The results reveal a significant positive relationship of tangible fixed assets and growth opportunities with equity, significant negative relationship of age, profitability, tax provision and total assets with equity. The research suggests that medium-sized food firms of food industry rely more on debt than equity. |
| first_indexed | 2024-03-12T05:59:42Z |
| format | Article |
| id | doaj.art-99be1acbb7c84b448c9b3cc082d7d0d4 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T05:59:42Z |
| publishDate | 2020-06-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-99be1acbb7c84b448c9b3cc082d7d0d42023-09-03T04:18:04ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652020-06-0184IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSISAnsita Aggarwal0Satya Ranjan Acharya1Entrepreneurship Development Institute of IndiaEntrepreneurship Development Institute of IndiaThis paper seeks to investigate the relationship between equity and factors affecting them in Indian medium-sized food industry. The analysis has been done on medium-sized firms of food industry taken from prowess software. The data of 5 years has been taken from 2013-2017 so as to get a clear view of analysis over the period of time. Regression analysis is used in the estimation of functions related to equity with a measure of capital structure. The results reveal a significant positive relationship of tangible fixed assets and growth opportunities with equity, significant negative relationship of age, profitability, tax provision and total assets with equity. The research suggests that medium-sized food firms of food industry rely more on debt than equity.https://apcz.umk.pl/CJFA/article/view/30368capital structurefood industrymedium firmsIndia |
| spellingShingle | Ansita Aggarwal Satya Ranjan Acharya IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS Copernican Journal of Finance & Accounting capital structure food industry medium firms India |
| title | IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS |
| title_full | IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS |
| title_fullStr | IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS |
| title_full_unstemmed | IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS |
| title_short | IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS |
| title_sort | impact on capital structure decision making indian medium sized food industry analysis |
| topic | capital structure food industry medium firms India |
| url | https://apcz.umk.pl/CJFA/article/view/30368 |
| work_keys_str_mv | AT ansitaaggarwal impactoncapitalstructuredecisionmakingindianmediumsizedfoodindustryanalysis AT satyaranjanacharya impactoncapitalstructuredecisionmakingindianmediumsizedfoodindustryanalysis |