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Financing choice is a well-considered choice in any business organization that is thoroughly performed in order to design the optimum capital structure. Studies have shown that Capital Structure has an imperative effect on multiple factors of financial decision making. The objective of this research is to investigate the noticeable association between capital structure and wealth of shareholders. Dependent variable EPS is treated as the proxy for the wealth of shareholders. The proxies for the capital structure are debt equity and debt-to-market cap ratio. Nifty50 firms are considered for analysis over a five-year period (2013-2017). Data from the developed panel is analyzed using Panel Econometric methods. The research findings disclosed the existence of no considerable connection between capital structure and wealth of shareholders.
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