ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Inter-Industry Variations in Capital Structure

This study attempts to explain the variations in capital structure across industries in India on the basis of capital structure theories using datafrom the Reserve Bank of India survey ofthe finances of public and private limited companies. The results are broadly consistent with theory. The most significant explanatory variables for the capital structure patterns are the measures for asset type and profitability.

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