scholarly journals An Empirical Analysis on the Determinants of Capital Structure Choices of Market-based Public Corporations in Korea

2017 ◽  
Vol 16 (3) ◽  
pp. 115-137
Author(s):  
Park Si Woo ◽  
배형석 ◽  
Yang, Sung-Guk
Author(s):  
Harvinder Singh Mand ◽  
Manjit Singh

This paper intends to measure the impact of capital structure on EPS (earnings per share) in Indian corporate sector. Fifteen control variables along with capital structure have been selected to know their impact on EPS. Panel data regression has been applied to establish the relationship among dependent and independent variables. It is found from the empirical analysis that the relation of capital structure with EPS has been statistically insignificant in Indian corporate sector among all specific industries except telecommunication industry. The results are consistent with Modigliani-Miller approach.


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