Affiliation:
1. Assistant Professor, Data Sciences Department Siva Sivani Institute of Management
2. Student, Siva Sivani Institute of Management
Abstract
In this study the factors related to capital structure in Indian Real Estate Investment Trusts (I-REITs) have
been analyzed. An empirical investigation had been made by using predictors such as Return on equity
(ROE), Return on assets (ROA), Return on Capital Employed (ROCE) and Net Prot Margin (NPM). The capital structure (debt to
equity ratio) has been used as dependent variable. Secondary data has been gathered from nancial statements of the
company. The literature needed for this study has been taken from academic journals, books and internet. The major nding is
that a low Debt to Equity suggests I-REITs are less risky. We can understand that there is no signicant relationship exists
between capital structure and performance of the companies.
Reference14 articles.
1. Choudhry, S., & Sundaram, D. M. (2013). Testing the pecking order theory of capital structure–focus on Indian growth firms 1991–2009. International Journal of Indian Culture and Business Management, 6(3), 330-350.
2. CFA Institute. (2021). Capital Structure, Level I. https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/capital-structure
3. Cleartax. (2021). REITs (REITs) Funds: Eligibility, Advantages, Types. https://cleartax.in/s/reit-funds
4. Dogan, Y. Y., Ghosh, C., & Petrova, M. (2019). On the determinants of REIT capital structure: evidence from around the world. The Journal of Real Estate Finance and Economics, 59(2), 295-328.
5. Financial Express. (2021). Real Estate Investment Trust: How REITs have performed in India in 2021. https://www.financialexpress.com/money/real-estate-investment-trust-how-reits-have-performed-in-india-in-2021/2370271/