Capital Structure, Group Affiliation and Financial Constraints: Indian Evidence (Record no. 93571)

MARC details
000 -LEADER
fixed length control field 01562nab a2200169 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 180303b xxu||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Ghose, Biswajit
245 ## - TITLE STATEMENT
Title Capital Structure, Group Affiliation and Financial Constraints: Indian Evidence
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc
Name of publisher, distributor, etc
Date of publication, distribution, etc
300 ## - PHYSICAL DESCRIPTION
Extent 9-36 p.
520 ## - SUMMARY, ETC.
Summary, etc This study investigates the impact of business group affiliation on firms' debt ratio in India. It also examines if group affiliation has varied impact on debts with different maturity structure (i.e. long-term debt and short-term debt), and different ownership structure (i.e. private debt and public debt). In order to draw inferences, it uses panel fixed effect regression model on a dataset of 1,510 listed firms over 2005-2013. It finds that group affiliation has negative impact on firms' long-term debt, public debt and overall debt ratio. The study further finds that cost of borrowing is not the factor behind lower debt ratios for group firms. Rather, the findings indicate that group firms are concerned for financial flexibility to avoid under investment <br/>problem in future as they have significantly higher growth opportunities than their stand-alone counterparts. Most importantly, group affiliation negatively affect debt financing only for constrained firms, but not for unconstrained firms.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Capital Structure
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Financial Constraints
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Kabra, Kailash Chandra
773 0# - HOST ITEM ENTRY
Host Biblionumber 59509
Place, publisher, and date of publication Pune National Institute of Bank Management
Other item identifier S86813
Title Prajnan; XLVI (1)April 2017
International Standard Serial Number 0970-8448
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Total Checkouts Barcode Date last seen Koha item type
    Dewey Decimal Classification     Main Library Main Library 03/03/2018   AR16433 03/03/2018 Articles

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