1Research Scholar, Amity College of Commerce, Amity University, Gurgaon (Manesar), Haryana, India
2Director, Amity Business School, Amity University, Gurgaon (Manesar), Haryana, India
JEL Classification: G32, L62
The present study is focused on developing a framework to study the capital structure and its impact on value of firm of automobile industry within the Indian perspective specifically after the financial crisis of 2008–09. This paper aims at identifying the various measures and determinants of capital structure, and develop a framework for a comprehensive analysis of capital structure of Indian Automobile Industry over the period of 2009–10 to 2018–19.
The paper is a descriptive and exploratory research based on secondary data received from various journals, thesis and PROWESS Database maintained by the Centre for Monitoring Indian Economy (CMIE).
The paper identified eleven determinants of capital structure and fourteen leverage ratios, and developed a framework along with two panel data regression models for the extensive analysis of capital structure of Indian Automobile Industry over the period of 2009–10 to 2018–19.
This paper is a work of originality that tries to identify measures and determinants of capital structure, and develop a framework for a meticulous analysis of Automobile Industry from Indian perspective especially after the financial crisis of 2008–09.
Automobile Industry, Capital Structure Framework, Determinants of Capital Structure
