Determinants of corporate borrowing: Some evidence from the Indian corporate structure

Saumitra Bhaduri

Journal of Economics and Finance, 2002, vol. 26, issue 2, 200-215

Abstract: In contrast to previous empirical work on capital structure, which is mainly confined to the United States and a few other advanced countries, this paper attempts to study the capital structure choice of developing countries through a case study of the Indian corporate sector. The paper shows that the optimal capital structure choice is influenced by factors such as growth, cash flow, size, and product and industry characteristics. Copyright Springer 2002

Date: 2002
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DOI: 10.1007/BF02755986

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