Oba Efayena INTRODUCTION Capital structure decision is one of the most important decisions facing the financial manager. It is one of the most researched fields in corporate finance. However most of the researches on capital structure were carried out in the developed countries but with very limited amount of work done on developing countries, for example by Hamid & Singh (1992), Singh (1995), Hussain (1995), Brada & Singh (1999)
Without a sound and effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free but it should be able to meet new challenges posed by the technology and any other external and internal factors. For the past three decades India's banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking
Definition of an Airport & Aerodrome An airport is a location where aircraft such as fixed-wing aircraft, helicopter, and blimps take off and land (Underwood, n.d). An Aerodrome according to ICAO definition is an area on land or water (including any buildings, installations, and equipment) intended to be used either wholly or in part for the arrival, departure and surface movement of aircraft (Manual Aerodrome, 1999). In most cases, however, in order to avoid confusion, the term airport has come
The capital asset pricing model (CAPM) serves as a model for the pricing of risky securities. CAPM believes that the expected return of a security or a portfolio equals the rate on a risk-free security plus a risk premium. If this expected return does not meet the required return, the investment should not be taken. The CAPM helps us to calculate investment risk and what return we can expect on the investment we have invested in. Systematic Risk is risk in the market that cannot be avoided. Some
According to the Reserve Bank of India, Priority Sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of this special dispensation. Typically, these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections. PSL is an important financial policy aiming to restore the balance within different sectors of the economy
PROFILE OF R.B INDUSTRIAL FABRICATORS PVT. LTD. The company, “R. B. Industrial Fabricators Pvt. Ltd.” was incorporated in the year 1995. The Line of activity predominantly was fabrication of structures & sub assemblies of harvesting combines for CLAAS & Tractors attachment like Rotary cultivators, loaders & dozers for original equipments manufacturers (OEM’S) and India Market. The company also believes in giving innovation solution to customer’s specific requirement in their working and offers various
NDB Aviva Wealth Management Limited. Mr. Mangala Boyagoda a senior banker, possessing over 30 years’ experience in the field of financial services. Mr. Boyagoda serves as Chairman, Wealth Lanka Management (Pvt.) Limited and Director of South Asia Finance Excel Investments (Pvt.) Ltd, Wealth Trust Securities Ltd, New World Securities (Pvt.) Ltd, Asset Trust Management (Pvt.) Ltd, PC House PLC and Sierra Construction Ltd. He is a former Chief Executive Officer, Standard Chartered Bank, Colombo and former
Trends in Centre-State Relations Till 1967, the centre-state relations by and large were smooth due to one-party rule at the Centre and in most of the states. In 1967 elections, the Congress Party was defeated in nine states and its position at the Centre became weak. This changed political scenario heralded a new era in the Centre-state relations. The non-Congress Governments in the states opposed the increasing centralization and intervention of the Central government. They raised the issue of
centralization restricts the ability of states to compete (as in (i) since a growing national share of total government money weakens the relative significance of local governments; and 3. Centralization may generate a greater reliance on inflationary finance given that only the national government is able to print money. Oates (1985) argued that decentralization would tend to increase total public resource mobilization. An empirical investigation conducted by Oates (1972) for 42 countries reveals a strong
certain point, it can cause the economy to collapse. The failure of Govt. to collect enough revenue through taxation is the result of a failed tax system, and it has forced the government to use their own resources in large amounts of money in order to finance regular government deficits. The vast majority of this expense is the barrowed money with interest. Again, when a major part of an economic system starts to fail, then the entire system’s performance is in