Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Impact of Leverage on Valuation of Non-Financial Firms in India under Profitabilitys Moderating Effect: Evidence in Scenarios Applying Quantile Regression Subject The topic of the resource debt ratio; firm value; net profit margin; profitability; sales Description An account of the resource The firms valuation (FV) is the key element for all stakeholders, particularly the investors, for their investment decisions. The main impetus of this research is to estimate the effects of the debt ratio (DR, i.e., leverage) on the FV (i.e., assets and market capitalisation) of the non-financial firms listed in India. The quantile panel data regression (QPDR) on the secondary data of 76 non-financial BSE-100 listed firms in India is employed. This study also checks the effect of the net profit margin (NPM) as profitability on the association between DR and FV. The QPDR estimates result in multiple quantiles and provide evidence in scenarios. The findings reveal a positive relationship of DR to assets only in higher quantiles, i.e., 90%ile), and a negative association of DR is found with a market capitalisation in all quantiles. Under the interaction effect, profitability (NPM) does not affect the association of DR with assets but negatively affects the association of debt ratio with market capitalisation in the middle (50%) quantile. The findings indicate that leverage (DR) affects a firms value. The studys outcomes are helpful to all stakeholders, particularly investors, to realise the leverage (DR) as a critical indicator of FV before making any investment decisions. Managers should also consider lower debt ratios for better firm value. The present analysis is original and holds novelty in the form of the moderating role of the net profit margin, i.e., the profitability of the firm between DR and FV in the non-financial firm in India. To the best of our knowledge, no such studies have been performed to look for the association of the debt ratio with a firms value under the effect of profitability in different quantiles using quantile regression. 2023 by the authors. Creator An entity primarily responsible for making the resource Kanoujiya J.; Jain P.; Banerjee S.; Kalra R.; Rastogi S.; Bhimavarapu V.M. Source A related resource from which the described resource is derived Journal of Risk and Financial Management, Vol-16, No. 8 Publisher An entity responsible for making the resource available Multidisciplinary Digital Publishing Institute (MDPI) Date A point or period of time associated with an event in the lifecycle of the resource 2023-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.3390/jrfm16080366" target="_blank" rel="noreferrer noopener">https://doi.org/10.3390/jrfm16080366</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85168917442&amp;doi=10.3390%2Fjrfm16080366&amp;partnerID=40&amp;md5=cf2356b7ef96a7acf694a43c60dbff86" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85168917442&amp;doi=10.3390%2fjrfm16080366&amp;partnerID=40&amp;md5=cf2356b7ef96a7acf694a43c60dbff86</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 19118074 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Kanoujiya J., Symbiosis Institute of Business Management, Symbiosis International (Deemed University), Pune, 412115, India; Jain P., Amity Business School, Amity University, Gwalior, 474020, India; Banerjee S., Management Development Institute Murshidabad, Murshidabad, 742235, India; Kalra R., School of Business and Management, CHRIST (Deemed to be University), Bangalore, 560029, India; Rastogi S., Symbiosis Institute of Business Management, Symbiosis International (Deemed University), Pune, 412115, India; Bhimavarapu V.M., Symbiosis School of Banking and Finance, Symbiosis International (Deemed University), Pune, 412115, India