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

被引：20

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

页码：33 / 37

页数：5

共 15 条

[1] Abiad Abdul., 2008, 08266 IMF
[2] THE MATURITY STRUCTURE OF CORPORATE-DEBT
BARCLAY, MJ
SMITH, CW
[J]. JOURNAL OF FINANCE, 1995, 50 (02) : 609 - 631
[3] Banking deregulation and industry structure: Evidence from the French banking reforms of 1985
Bertrand, Marianne
Schoar, Antoinette
Thesmar, David
[J]. JOURNAL OF FINANCE, 2007, 62 (02) : 597 - 628
[4] Blundell-Wignall A., 1991, OECD EC DEP WORKING, V98
[5] Colla Paolo, 2011, DEBT SPECIALIZATION
[6] Institutions, financial markets, and firm debt maturity
Demirgüç-Kunt, A
Maksimovic, V
[J]. JOURNAL OF FINANCIAL ECONOMICS, 1999, 54 (03) : 295 - 336
[7] Fama E. F., 2001, J APPL CORPORATE FIN, V14, P67
[8] Technical and strategic human resource management effectiveness as determinants of firm performance
Huselid, MA
Jackson, SE
Schuler, RS
[J]. ACADEMY OF MANAGEMENT JOURNAL, 1997, 40 (01) : 171 - 188
[9] Jadiyappa Nemiraja, 2012, FINANCIAL REGULATION
[10] Khanna S, 1999, ECON POLIT WEEKLY, V34, P3231

← 1 2 →