Financial liberalisation and Capital structuring decisions of corporate firms: Evidence from India

被引：19
|
作者：
Jadiyappa, Nemiraja [1 ]
Vanga, Nagi Reddy [1 ]
Krishnankutty, Raveesh [1 ]
机构：
[1] IBS Hyderabad, IFHE, Hyderabad, Telangana, India
来源：
ECONOMICS LETTERS | 2016年 / 149卷
关键词：
Capital structure; Financial reforms; Debt maturity structure; Debt specialisation; Financial liberalisation; DEBT; MATURITY; REFORMS;
D O I：
10.1016/j.econlet.2016.10.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine the impact of financial reforms on corporate financing decisions of Indian firms using the fixed effects panel estimator. The impact on the leverage and debt maturity ratio is negative while a positive effect is observed on debt specialisation. The impact is greater for priority firms compared to non-priority firms. (C) 2016 Elsevier B.V. All rights reserved.
引用
收藏
页码：33 / 37
页数：5
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