Productivity and Financial Structure

Saibal Ghosh

Global Business Review, 2009, vol. 10, issue 2, 261-278

Abstract: The article utilizes data on high-tech Indian firms for 1996–2007 to explain the association between leverage and productivity. Accordingly, firm-level productivity measures are regressed on a set of control variables, which includes leverage among the regressors. The findings suggest that low leveraged firms tend to be more productive, on average. Robustness tests support the results.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:10:y:2009:i:2:p:261-278

DOI: 10.1177/097215090901000208

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