International Journal of Marketing & Financial Management

International Journal of Marketing & Financial Management

Print ISSN : 2349 –2546

Online ISSN : 2348 –3954

Frequency : Monthly

Current Issue : Volume 5 , Issue 6
2017

IMPACT OF CAPITAL STRUCTURE ON SHARE PRICE: A STUDY WITH SPECIAL REFERENCE TO SELECT INDIAN PUBLIC SECTOR BANKS

*Dr. R. Jayaraman, **Dr. M. S. Ramaratnam

*Assistant Professor (Stage – II) Department of Management Studies Sri Chandrasekharendra Saraswathi  Viswa Mahavidyalaya (SCSVMV University) Enathur, Kanchipuram, Tamil Nadu – 631561, India,     **Head of the Department Department of Management Studies Sri Chandrasekharendra Saraswathi  Viswa Mahavidyalaya (SCSVMV University) Enathur, Kanchipuram, Tamil Nadu – 631561, India

DOI : Page No : 46-50

Published Online : 2017-06-03

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ABSTRACT

 

Market Value of Share of a company is determined by various factors. Capital Structure is one of the variables which determine the market price of the share. In this study an attempt was made by using Multiple Regression model to see how for the Capital Structure of the firm has got an effect over the Market value of share. Debt to Total Assets, Equity to Total Assets, Gearing Ratio and Market price of share of eleven Indian public sector banks were taken for the study for five years from March 2013 to March 2017. The study witnessed the Impact of Capital Structure on Share price.

 

Keywords: Indian Public sector Banks, Share Prices, Gearing Ratio, Equity, Debts