Deleveraging Drive in the Indian Corporate Sector: Interindustry Intervening Evidence

Q3 Business, Management and Accounting

Journal of Asia-Pacific Business Pub Date : 2022-01-02 DOI:10.1080/10599231.2022.2025644

A. Bhatia, P. Kumari

引用次数: 1

Abstract

ABSTRACT The current article examines the changes in the capital structure pattern of various industrial groups in India over two time phases. The results of the study indicate statistically significant differences between the capital structure of various industry groups. The majority of Indian companies are following mean industry leverages and thereby envisaging the application of optimal capital structure concept. Also, a decline is witnessed in the debt ratios in Phase II over Phase I. A prominent finding highlights the substitution of long-term debt with short-term debt. Overall results reveal the partial application of pecking order theory in Indian industries.

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印度企业部门的去杠杆化动力:跨行业干预证据

摘要本文考察了印度不同产业集团资本结构模式在两个时间阶段的变化。研究结果表明，各行业集团的资本结构存在统计学上的显著差异。大多数印度公司都在遵循平均行业杠杆，从而设想最佳资本结构概念的应用。此外，第二阶段的债务比率比第一阶段有所下降。一项突出的发现突显了长期债务与短期债务的替代。总体结果揭示了排序理论在印度工业中的部分应用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Asia-Pacific Business Business, Management and Accounting-Business and International Management

CiteScore

2.50

自引率

0.00%

发文量

期刊介绍： Present circumstances underscore the need to improve the understanding of conducting business with and within the Asia-Pacific countries. The Journal of Asia-Pacific Business™ provides a blend of cutting-edge knowledge and practical applications on business management and marketing strategy. In the Journal of Asia-Pacific Business™, you will find articles and feature sections that provide a pragmatic view of the business environment in this dynamic region. This essential resource offers readers a good blend of descriptive, conceptual, and theoretical articles dealing with current topics.