Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63378
Authors: 
Guha-Khasnobis, Basudeb
Kar, Saibal
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/50
Abstract: 
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.
Subjects: 
corporate debt
leverage
manufacturing firms
panel data
India
JEL: 
C51
G11
G31
G32
ISBN: 
9291908185
Document Type: 
Working Paper

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