Capital Structure Decisions: Evaluating Risk and Uncertainty

Acknowledgments

I AM FORTUNATE TO HAVE as a colleague and an elder brother Professor Aman Agarwal, Professor of Finance at the Indian Institute of Finance and Executive Editor of Finance India, who has constantly through his discerning eyes motivated, guided, and positively reinforced my belief in many of my academic endeavours, including this one. He has not only provided me with the academic background for the work but has also seen it through many phases of development. If it was not for his constant mentoring and intellectual stimulation, I would have not undertaken and completed this project. I have freely encroached on his academic time and research associations to seek the necessary input for the book.

I am also grateful to Professor J. D. Agarwal, Chairman and Professor of Finance at the Indian Institute of Finance, for inspiring and motivating my research interest in this field. I have drawn my inspiration to develop the goal programming model for capital structures from his work on “Capital Budgeting Decisions under Risk and Uncertainty”; “Goal Programming Model for Capital Budgeting Decisions with Priority Structures”; “Stochastic Goal Programming Model under Risk and Uncertainty”; “Lexicographic Ranking with Multiple Goals”; “Fuzzy Goal Programming Model for Capital Budgeting”; and “Goal Programming Model for Working Capital” for business firms and others.

I would also like to thank my doctoral work supervisors, Professor Surendra S. Yadav, Professor of Finance, Department ...