Firm Characteristics, Financial Composition and Response to Monetary Policy: Evidence from Indian Data

Saibal Ghosh

MPRA Paper from University Library of Munich, Germany

Abstract: The article examines the evidence for credit channel on the composition of corporate finance during tight and loose periods of monetary policy, using micro-level data on Indian firms for 1995-2007. The findings provide evidence in favor of the relationship lending view, although the magnitude and extent of the response varies according to firm characteristics.

Keywords: monetary policy; corporate finance; leverage; Altman-Z; relationship lending; India (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cwa, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:24717

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