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| Article Name : | | | IMPACT OF NON-DEBT TAX SHIELDS ON CAPITAL STRUCTURE | | Author Name : | | | John Jacob. M , Jothi Jayakrishnan | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-5973 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | The objective of this study to investigate the impact of Non-debt tax shield on capital structure in cement companies, India. Over six year from 2007 to 2012 periods the research concentrate on that study. Capital structure refers to total liability of the company such as, share capital (preference and equity share), debts, retain earnings and others long term source. Sample criteria for selecting net profit margin based 5, 10, 15, 20, 25 randomly selected the cement company. Purposive sampling technique was used to decide five Indian cement companies. The empirical evidence proves through canonical correlation result reveal that depreciation by total assets ratio are high relationship with total debt and debt to equity ratio but, investment opportunity by total assets there is no relationship with total debt, short term debt, long term debt, gearing and debt to equity ratios. | | Keywords : | | |
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