Corporate Financial Structures in Indiaâ€

Christopher Green, Victor Murinde and Joy Suppakitjarak
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Victor Murinde: Birmingham Business School, The University of Birmingham
Joy Suppakitjarak: University of Westminster

South Asia Economic Journal, 2003, vol. 4, issue 2, 245-273

Abstract: We document the financial structure of a sample of Indian non-financial companies using a new and unique dataset consisting of a panel containing the published accounts of almost 900 companies that published a full set of accounts every year during 1989-99. In a new departure in the literature, the dataset includes quoted and unquoted companies. We compare the sources-uses approach to analyzing company financial structures with the asset-liability approach. We use both approaches to characterize and to compare the financial structures of Indian com panies over time; between quoted and unquoted companies; and between com panies which belong to a business group and those that do not. Finally, we compare our results to those obtained previously for India and for the industrial countries.

Keywords: (JEL: G30; G32; 016) Keywords: India; Corporate Finance; Financial Structure. (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:sae:soueco:v:4:y:2003:i:2:p:245-273

DOI: 10.1177/139156140300400205

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