EconPapers    
Economics at your fingertips  
 

Leverage, foreign borrowing and corporate performance: firm-level evidence for India

Saibal Ghosh

Applied Economics Letters, 2008, vol. 15, issue 8, 607-616

Abstract: This article examines the association between corporate leverage and profitability. Using firm-level data on manufacturing sector in India for 1995-2004, the findings indicate that corporate profitability and cash flows declines as leverage rises. More importantly, the marginal effect of an increase in leverage on earnings is larger for firms that participate in international debt markets than other firms. The results are robust after controlling for the economic environment and various firm-specific controls.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:15:y:2008:i:8:p:607-616

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2019-08-05
Handle: RePEc:taf:apeclt:v:15:y:2008:i:8:p:607-616