التفاصيل البيبلوغرافية
| العنوان: |
Financing Decision as a Determinant of Firms' Performance: Indian Pharmaceutical Industry. |
| المؤلفون: |
Desai, Jay1, Desai, Rajesh2 rajesh.desai8@gmail.com |
| المصدر: |
SCMS Journal of Indian Management. Jul-Sep2018, Vol. 15 Issue 3, p20-28. 9p. |
| مصطلحات موضوعية: |
*FINANCIAL performance, *ORGANIZATIONAL performance, *LONG-term debt, *PHARMACEUTICAL industry, *SHORT-term debt, *RETURN on assets, PANEL analysis |
| مستخلص: |
Finance is considered as backbone of any business or economic activity. Designing Capital Structure (CS) i.e. deciding the source of fund (borrowed or owned) is one of most controversial and complicated issues faced by managers. Current study is based on panel data of Indian Pharma companies for 10 years (2007-08 to 2016-17). Financial performance is taken as dependent variable and measured with ROE, ROA, EPS and Tobin's Q (TQ). Ratio of Long-term debt to total asset (LDR) and Short-term debt to total asset (SDR) are considered as proxy for financing decision. The data is analyzed using correlation and multiple regression model. The result of the study concludes that borrowed funds affect the financial performance adversely but statistically insignificant. Both debt ratios have negative and significant effect on ROA only. [ABSTRACT FROM AUTHOR] |
|
Copyright of SCMS Journal of Indian Management is the property of SCMS Journal of Indian Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Business Source Index |
Full Text Finder