Financial liberalisation and Capital structuring decisions of corporate firms: Evidence from India
Nagi Reddy Vanga and
Raveesh Krishnankutty ()
Economics Letters, 2016, vol. 149, issue C, 33-37
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.
Keywords: Capital structure; Financial reforms; Debt maturity structure; Debt specialisation; Financial liberalisation (search for similar items in EconPapers)
JEL-codes: G0 G3 G15 G20 G30 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:149:y:2016:i:c:p:33-37
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