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VOL. 8, ISSUE 1 (2026)
The capital structure-financial performance paradigm: An investigation of infrastructure companies in the Indian stock market
Authors
Tom Jacob, Nikhil Suresh, Ajina V S, Aravind J
Abstract
Capital structure is a crucial component of
financial management with enduring implications. This study investigates the
impact of capital structure on the financial performance of infrastructure
companies in India. Using nine top infrastructure companies for the period
2009-2019, we examine the relationship between debt-equity ratio and return on
equity. Our results, based on ordinary least squares regression analysis,
indicate that financial leverage has no significant impact on the firm’s
financial performance parameters of return on equity. This finding has
implications for financial managers, policymakers, and investors seeking to
optimize capital structure and enhance financial performance.
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Pages:72-77
How to cite this article:
Tom Jacob, Nikhil Suresh, Ajina V S, Aravind J "The capital structure-financial performance paradigm: An investigation of infrastructure companies in the Indian stock market". International Journal of Commerce and Economics, Vol 8, Issue 1, 2026, Pages 72-77
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