Non‐debt tax shields and growth opportunities do not appear to be significantly related to the debt ratio
Abstract
The purpose of this study is to investigate the relationship between capital structure and profitability of Company and to measure its impact on EVA. Design/methodology/approach: Different conditional theories of capital structure are reviewed (the trade‐off theory, pecking order theory, agency theory, and theory of free cash flow) in order to formulate testable propositions concerning the determinants of capital structure of select Indian Aviation firms. The investigation is performed using the secondary data collected from the reputed database for the purpose of analysis and interpretation. With regard to the sample size, we have taken top five Aviation firms from
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