Lending Relationships, Borrowing Costs and Crisis: Evidence from Indian Micro Data

Saibal Ghosh

Global Business Review, 2019, vol. 20, issue 4, 1026-1050

Abstract: Abstract The analysis employs data on Indian listed firms from 1996 to 2010 to explore several hypotheses relating to the costs of lending relationships. The evidence indicates that smaller, established, levered and high-growth firms charge higher interest rates. In addition, capitalized firms charge lower rates, and both bank and firm ownership do have a role to play in influencing borrowing costs.

Keywords: Lending relationships; interest expense; firm ownership; crisis; India (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:20:y:2019:i:4:p:1026-1050

DOI: 10.1177/0972150919845233

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