Department of Commerce

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Subject: search.filters.subject.Leverage

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    CORPORATE LEVERAGE AND ITS IMPACT ON SHAREHOLDER VALUE CREATION WITH REFERENCE TO MISCELLANEOUS MANUFACTURING SECTOR IN INDIA
    (Indian Journal of Applied Research, 2013-07) D, Vijayalakshmi; Padmaja Manoharan
    Shareholder value creation has become the focusable area of corporate growth and sustenance. Every firm has to construct a capital structure with the objective of shareholders’ wealth maximization because they are the ultimate owners of the enterprises. Miscellaneous Manufacturing sector is a capital intensive sector, where greater emphasis has been given in designing the capital structure. Hence, the present paper makes an attempt to examine the impact of leverage on shareholder value creation of Indian miscellaneous manufacturing sector for the period 1995-96 to 2009-10. A panel data approach has been applied to analyse the data. The study reveals that the leverage has a significant influence on shareholder value creation.
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    DETERMINANTS OF LEVERAGE -A STUDY ON INDIAN MACHINERY SECTOR
    (Asia Pacific Journal of Research, 2016-05) D, VIJAYALAKSHMI
    Capital structure is the permanent financing of the company which represents primarily the shareholders’ funds and debt funds. Debt funds (leverage) play an imperative role in designing the capital structure. The focal gain of the insertion of debt funds in the capital structure is the treatment of interest as tax deductible expense, which has a domino effect on relatively higher profits to the shareholders. India is basically an agricultural economy. Food and beverage sector plays a pivotal role in the economic development of a nation. In this backdrop, the study makes an attempt to identify and analyse the determinants of leverage of Indian Food and Beverage sector for the period 1995-96 to 2009-10. Year wise analysis, summary statistics and a panel data approach have been applied to analyse the data. The study reveals that the variables, namely, profitability, and size are the key determinants of leverage of Indian Food and Beverage sector.
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    DETERMINANTS OF LEVERAGE -A STUDY ON FOOD AND BEVERAGE SECTOR
    (International Journal of Exclusive Global Research, 2016-06) D, Vijayalakshmi
    Capital structure is the permanent financing of the company which represents primarily the shareholders’ funds and debt funds. Debt funds (leverage) play an imperative role in designing the capital structure. The focal gain of the insertion of debt funds in the capital structure is the treatment of interest as tax deductible expense, which has a domino effect on relatively higher profits to the shareholders. India is basically an agricultural economy. Food and beverage sector plays a pivotal role in the economic development of a nation. In this backdrop, the study makes an attempt to identify and analyse the determinants of leverage of Indian Food and Beverage sector for the period 1995-96 to 2009-10. Year wise analysis, summary statistics and a panel data approach have been applied to analyse the data. The study reveals that the variables, namely, profitability, and size are the key determinants of leverage of Indian Food and Beverage sector.
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    CORPORATE LEVERAGE AND ITS IMPACT ON PROFITABILITY
    (Indian Journal of Applied Research, 2014-10) D, Vijayalakshmi; Padmaja Manoharan
    Profitability plays an essential role in leverage decision. In general, the profitable companies are able to tolerate high level of debt, by virtue of their ability to meet the financial obligations on time. The profit earning companies can easily add more debt in their capital structure. Diversified sector is a capital intensive sector, where greater prominence has been given in designing the capital structure. Hence, the present paper makes an attempt to examine the impact of leverage on profitability of diversified sector for the period 1995-96 to 2009-10. A panel data approach has been applied to analyse the data. The study reveals that the leverage has a significant influence on profitability.
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    CORPORATE LEVERAGE AND ITS IMPACT ON PROFITABILITY AND SHAREHOLDER VALUE CREATION IN THE INDIAN TEXTILE SECTOR
    (Indian Journal of Finance, 2014-12) Vijayalakshmi D; Padmaja Manoharan
    Shareholder value creation has become the trait of corporate dialect. The LPG era has made a drastic change in the financing policies of the corporate firms warranting a redesign in their capital structure. Leverage plays an essential role in framing the capital structure. The focal gain of the insertion of fixed cost funds in the capital structure has a domino effect on higher profits. The textile sector is a capital intensive sector, where a greater emphasis has been given in framing the capital structure. In this backdrop, the present study made an attempt to examine the impact of leverage on profitability and shareholder value creation in the Indian textile sector for the period from 1995-96 to 2009-10. A panel data approach was applied to analyze the data. The study revealed that leverage had a significant influence on profitability, and the sector has to concentrate on enrichment of shareholders' wealth.
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    DETERMINANTS OF LEVERAGE: INDIAN TRANSPORT EQUIPMENT SECTOR
    (SCMS Journal of Indian Management, 2016-03) D, Vijayalakshmi
    The performance and survival of a firm depend on the choice of the source of funds and its effective utilization. The decision on the composition of funds, otherwise, known as ‘capital structure’ is an essential decision, which influences the risk and return of the investors. Leverage plays an essential role in framing the capital structure. Transport Equipment Sector is a capital intensive sector, where greater prominence has been given in framing the capital structure. In this backdrop, the study makes an attempt to identify and analyse the determinants of leverage of Indian Transport Equipment sector. Year wise analysis, summary statistics and a panel data approach have been applied to analyse the data. The study reveals that the variables, namely, profitability, size and NDTS are the key determinants of leverage of Indian Transport Equipment Sector.