Determinants of Capital Structure - Evidence
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Date
2015
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Abstract
The steel sector is one o f the sectors playing most crucial role in the development o f a
nation and is considered as the backbone o f civilization. The Indian steel industry has
entered a new development stage since 2007-2008 and is riding on the resurgent economy
and the growing demand for steel. India's 33 percent growth in steel production in the last
five years was second only to China among the top five steel producing nations (World Steel
Association - WSA). The research study focuses on evaluating the determinants and the
combination o f capital structure o f selected steel companies in India for a period of 10 years
from 2004-2005 to 2013-2014 to find out the optimum capital structure to maximize profits
in the steel industry in India. The correlation analysis and multiple regres.sion analysis
methods were adopted to carry out the study.