The association between debt to equity ratio and financial performance is one that has gotten significant interest in finance researches. The modern-day firm must conduct its operations in a highly competitive and complex environment particularly when it is subjected to financial risks. 22 Power Companies from various emerging Asian markets have been selected to find out the optimality of financial structure, and how it chooses to operate in such a complex and dynamic environment. Mitigating financial risks, and how companies with very high risk are operating in such a competitive world are few of the case studies that this study portrays.
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Ashish Shrestha - MBA graduate from Asian Institute of Technology, Thailand.
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