LIST OF FIGURES

Figure No Title of the Figure Page No

1.1 The graph of SENSEX from July 1997 to March 2011 27
3.1 Process of Financial Leverage decisions 128
3.2 Tradeoff theory of Financial Leverage 161
4.1 Mean Financial Leverage values for various factors 192
4.2 Frequency responses for returns by different sectors 199
4.3 Frequency responses for margins by different sectors 202
4.4 Frequency responses for returns by different sectors 205
4.5 Frequency responses for growth by different sectors 207
4.6 Percent responses for the question “Does the size of the company 211
affect the Financial Leverage” and results of Chi-square test
4.7 Percent responses for the question “Does the good earning 212
capability have a bearing on the Financial Leverage” and results
of Chi-square test
4.8 Percent responses for the question “Do the good dividend payouts 213
have a bearing on the Financial Leverage” and results of Chi-
square test
4.9 Percent responses for the question “Do international/domestic 214
money market variables have a bearing on Financial Leverage”
and results of Chi-square test
4.10 Percent responses for the question “Do top line guidelines will 215
have a bearing on Financial Leverage” and results of Chi-square
test
4.11 Percent responses for the question “Do organization flexibility 216
will affect Financial Leverage” and results of Chi-square test
4.12 Percent responses for the question “Do the social factors/social 217
responsibility accounting has a bearing on Financial Leverage”
and results of Chi-square test
4.13 Percent responses for the question “Do the principal driving force 218
behind leverage decisions is not the cheaper cost of debt but the
consideration of controlling/ownership interest of promoter group
” and results of Chi-square test

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