• PRABODH KUMAR PANDA

Financial decision is one of the most crucial decisions in corporate finance. Financial managers want to know the optimum level of debt and equity. In this paper the literatures on determinants of capital structure studied by the Indian and international researchers are reviewed. The paper is divided in two parts. In first part the researcher reviews articles on determinants of capital structure being conducted in abroad and second part includes review of literature on determinants on capital structure being done in India. Many empirical researchers have explored the determinants of capital structure from different point of view and in different environment relating to developed and developing countries. The empirical results vary and sometimes contradict in many studies. It is still debated what are the significant determinants of capital structure and how they impact on capital structure decision, even though various studies have been conducted on this subject. In this paper the researcher intends to throw light on different variables, methodologies and findings of empirical studies conducted on this topic. It is found that the relationship between factors and capital structure is not consistent. The review is conducted on the basis of available literature during the period 2000-2015.

Capital structure, review, debt, equity, leverage, profitability.

"DETERMINANTS OF CAPITAL STRUCTURE : A LITERATURE REVIEW", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 10, page no.188-193, October-2018, Available :http://www.jetir.org/papers/JETIR1810931.pdf

"DETERMINANTS OF CAPITAL STRUCTURE : A LITERATURE REVIEW", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 10, page no. pp188-193, October-2018, Available at : http://www.jetir.org/papers/JETIR1810931.pdf