Overview of Precedents of Capital Structure in India: A Bibliometric and Systematic Review Analysis

What is it about?

The disruption in the financial markets due to the recent crises has wobbled over perilous fluctuations in the earnings of the firms, intensifying the negative impact on firm value. The debt-equity choice on the other hand significantly impacts the value of firm. As a result, it is crucial to identify the determinants of capital structure choice. The present research by employing a bibliometric and systematic review approaches intends to provide a state-of-the-art summary of precedents of leverage choice of firms in India. The analysis has been done by collecting 39 documents published in the Scopus database. To summarise the extant literature, the study employs performance analysis and science mapping tools. The results conclude that since 2004, scientific production has significantly improved, where the highest number of articles have been sourced from the Indian Journal of Finance. The thematic map shows the keyword “review” in declining or emerging themes, emphasizing the need for review works in the stated research domain. This research is the first attempt in the Indian context. Thus, the study adds new knowledge to the burgeoning literature and, through its practical implication, lays the foundation for managers and other stakeholders.

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Photo by Logan Kuzyk on Unsplash

Photo by Logan Kuzyk on Unsplash

Why is it important?

This research is the first attempt in the Indian context. Thus, the study adds new knowledge to the burgeoning literature and, through its practical implication, lays the foundation for managers and other stakeholders.

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