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Nexus Between Debt Financing and Market Value Moderated by Firm Size: Panel Data Evidence from India (Record no. 130698)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01705nam a2200169 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241219b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Rajesh Desai |
| 245 ## - TITLE STATEMENT | |
| Title | Nexus Between Debt Financing and Market Value Moderated by Firm Size: Panel Data Evidence from India |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | P.633-644 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. biblio.abstract | This study examines the effect of debt financing on market value of firm and evaluates the moderating effect of firm size on this relationship. Tobin’s Q and market-to-book value ratio are used as proxy for market value whereas long-term as well as short-term debt ratios are considered to indicate debt financing. Using data of 164 capital goods sector companies for 10 years (from 2010 to 2019), panel least square (PLS) regression with fixed and random effects (RE) model has been applied for data analysis. Based on findings, the study reports significant negative impact of borrowings (both long-term and short-term) on market value of selected companies. Further, the outcome of study confirms that firm size moderates the relationship between debt financing and firm value. The magnitude and significance of the effect of debt are stronger for small firms as compared to medium and large firms. Present verdicts will assist managers in designing capital structure policies by considering its impact on market value according to firm-size. |
| 654 ## - SUBJECT ADDED ENTRY--FACETED TOPICAL TERMS | |
| Subject | <a href="Capital Structure ">Capital Structure </a> |
| -- | <a href="Tobin's Q Ratio">Tobin's Q Ratio</a> |
| -- | <a href="Market-to-Book Value ">Market-to-Book Value </a> |
| -- | <a href="Firm Size ">Firm Size </a> |
| -- | <a href="Moderation Analysis ">Moderation Analysis </a> |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 80316 |
| Host Itemnumber | 110833 |
| Place, publisher, and date of publication | New Delhi Sage Publications |
| Title | Vision: The Journal of Business Perspectives |
| International Standard Serial Number | 0972-2629 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Journal Article |
| 773 0# - HOST ITEM ENTRY | |
| -- | JP433 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| -- | ddc |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Location (home branch) | Sublocation or collection (holding branch) | Date acquired | Koha issues (times borrowed) | Piece designation (barcode) | Koha date last seen | Price effective from | Koha item type |
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| Dewey Decimal Classification | SNDT Juhu | SNDT Juhu | 19/12/2024 | JP433.7 | 19/12/2024 | 19/12/2024 | Journal Article |