Arbeitspapier

The corporate debt market: A firm-level panel study for India

Traditionally, firms in India have shown a low preference towards debt financing, despite its advantages. Using panel data from 450 firms during 1992-93 and 2003-04, we attempt to identify factors which could explain the pattern of financing of manufacturing firms in India and the key determinants of their debt structure. We examine the roles of age of the firm, long term borrowing and net sales in affecting its debt structure.

ISBN
9291908185
Language
Englisch

Bibliographic citation
Series: WIDER Research Paper ; No. 2006/50

Classification
Wirtschaft
Model Construction and Estimation
Portfolio Choice; Investment Decisions
Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Subject
corporate debt
leverage
manufacturing firms
panel data
India
Fremdkapital
Kapitalstruktur
Verarbeitendes Gewerbe
Indien

Event
Geistige Schöpfung
(who)
Guha-Khasnobis, Basudeb
Kar, Saibal
Event
Veröffentlichung
(who)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(where)
Helsinki
(when)
2006

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Guha-Khasnobis, Basudeb
  • Kar, Saibal
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Time of origin

  • 2006

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