Analysing the capital structure tactics used by the chosen Indian renewable energy firms

B. Vidhyadevi and P. Uma Swarupa

International Journal of Electronic Finance, 2023, vol. 12, issue 4, 440-454

Abstract: The study's goal was to investigate the capital structuring tactics used by the corporations INDOWIND and KARMAENG. Finding a model to forecast their authorised, issued, and paid-up capital over time is another goal. An analytical research design was used for the investigation. Yahoo Finance and Money Control websites provided secondary data from 2008 to 2021. Only the top 2 NSE-listed firms with the biggest market capitalisation that have only dealt with renewable energy over the previous ten years were taken into consideration for the study. It was determined from the investigation that just a small percentage of the authorised capital is being used by INDOWIND for issuing. Additionally, it was discovered that there is a strong positive correlation between KARMAENG and INDOWIND's authorised, issued, and paid-up capital. The Pearson correlation value for KARMAENG was 1, suggesting that the firm is issuing all its authorised and issued capital, which shareholders have paid for. Authorised capital significantly influenced the INDOWIND Company's issued and paid-up capital structure.

Keywords: renewable energy; investment; capital structuring; accomplishment; simultaneous comparability; heteroskedasticity; regularity; business statements; hazard concerns; carbon fuels; electricity; sustainable sources; NSE India. (search for similar items in EconPapers)
Date: 2023
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