03752nas a2200445 a 4500 20260817162316.0 230418s2019 th uu m rtt 0| a1eng .b12404433 AIT RSPR no.SM-19-38 Shrestha, Ashish Analysis of capital structure in power companies in Asian economies 50 leaves : ill. Research studies project report ; no. SM-19-38 A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 2019 Purpose - The purpose of this research is to examine and analysis of debt, sources of debt and differences in debt. It focuses on mainly cross country and cross company reasons of debt. Methodology - A synthetic credit ratings were done by gathering data from company's annual report. Debt to equity ratios were compared of each country with other country, and each company with other company. Furthermore, a multiple regression s done in order to find out the strength of dependency of each independent variable with capital structure. The variables used for the research are Tax rate, Interest rate, Market Capitalization, ROE, ROA, Size of the energy production and Source of energy. Indebt case study is done for the companies that showed unique characteristics in their debt to equity ratio. (For example: having extremely high debt or having no debt at all). Findings - Debt to equity ratio are significantly impacted by Tax rates, Interest rates, Financial Market Development, size of the firm, ROE, ROA, and type of company. However, besides the determining factors, it is known that more secured a business firm is by government, more the company borrows. Large firms do not necessarily mean they have larger debt, unless it is secured by government. In addition, the type of business also matters when borrowing debt. More the source IS renewable, easier to get the debt in low cost. Implication - This research will be helpful to financials of power companies who prefers debt financing. It explains how a firm might be able to increase debt financing without increasing the risk. Capital Asian Corporations Finance Asian Venkatesh, Sundar, Chairperson Badir, Yuosre, Examination Committee Zimmermann, Willi, Examination Committee Asian Institute of Technology Fellowship, Scholarship Donor Asian Institute of Technology. Research studies project report ; no. SM-19-38 Full-Text http://203.159.5.9/ait-thesis/detail.php?q=B18798 .b12404433 mnait m 250411 0 230418 m a m 0 mnait mnait mnarc mnarc 20 67 40 Barcode : 30050121073422 CREATED : 2023-04-19 RECORD # : i1344377x LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 1 TOT CHKOUT : 0 TOT RENEW : 0 Barcode : 30050121073414 CREATED : 2023-04-19 RECORD # : i13443781 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 Barcode : - CREATED : 2023-04-20 RECORD # : i13444359 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 Barcode : 30050121040215 CREATED : 2023-07-08 RECORD # : i13457913 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 4631 4631 0 0 0 0 MAIN MAIN mnait 2026-08-17 50.00 0 AIT RSPR no.SM-19-38 30050121073422 2026-08-17 16:23:16 1 2026-08-17 20 0 0 0 0 MAIN MAIN mnait 2026-08-17 50.00 0 AIT RSPR no.SM-19-38 30050121073414 2026-08-17 16:23:16 2 2026-08-17 20 0 0 0 0 MAIN MAIN mnarc 2026-08-17 0 AIT RSPR no.SM-19-38 2026-08-17 16:23:16 2026-08-17 67 0 0 0 0 MAIN MAIN mnarc 2026-08-17 0 AIT RSPR no.SM-19-38 30050121040215 2026-08-17 16:23:16 1 2026-08-17 40