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Bhaduri, Saumitra N.
- Financial Liberalization and Firm's Choice of Financial Structure: Some Indian Evidence
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1 Madras School of Economics, Chennai 25, IN
1 Madras School of Economics, Chennai 25, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 42, No 3 (2000), Pagination: 228-239Abstract
This paper analyses the effect of financial liberalization, particularly equity market reforms on firm's choice of financial structure. The poper approaches the question with the use of two concepts: traditional sources and uses of funds and a concept of "marginal propensity towards debt", which measures the proportion of cash flow deficit being financed by debt. Our result provides some insight into the validity of received wisdom in explaining the behaviour of Indian corporate in response to the increasing "marketization" of financial system.- Composite Indices of Basic Human Needs and Income in India
Abstract Views :467 |
PDF Views:1
Authors
Affiliations
1 Madras School of Economics, Behind Government Data Centre, Chennai 600 025, IN
1 Madras School of Economics, Behind Government Data Centre, Chennai 600 025, IN