Business, Management and Accounting
6 years ago

Unlocking India's Steel Industry Potential Through Optimal Capital Structure

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International Journal of Finance & Economics
Effect of determinants on financial leverage in <scp>I</scp>ndian steel industry: <scp>A</scp> study on capital structure
Sarada Prasad Dakua

Paper Summary

The article explores how different factors affect the financial decisions of steel companies in India. By studying data from 2010 to 2017, the researchers found that profitability, asset structure, company size, growth opportunities, non-debt tax benefits, liquidity, and risk all play a role in determining how much debt a company takes on. Profitability is closely linked to debt levels, while asset structure, size, and non-debt tax benefits also have significant impacts. Additionally, profitability and liquidity tend to increase debt levels, while asset structure has the opposite effect.

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