Growth and Long-term Debt of Indian Corporate Sector: A Study With Reference to Bombay Stock Exchange 500 Index Companies

Raveesh Krishnankutty and Kiran Sankar Chakraborty ()
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Kiran Sankar Chakraborty: Indira Gandhi National Open University, Kolkata Regional Centre, India

Economic Research Guardian, 2014, vol. 4, issue 1, 13-24

Abstract: The study is examining the growth of a company and its dependence on long-term debt in the Indian corporate sector in sector wise. The analysis based on the data collected from capital line data base. The sample companies are selected from Bombay Stock Exchange 500 index during the period 2002-2011. A total of 257 companies was selected under 11 sectors. Dynamic panel estimation, GMM (1998) is used for examining the relation between growth and long term debt. The study found that previous year long-term debt is directly influenced by current year long-term debt. The other variables are showing mixed results among different sectors.

Keywords: Long-term debt; Panel Data; GMM; Indian Companies; Bombay Stock Exchange (search for similar items in EconPapers)
JEL-codes: C23 G32 H63 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:4:y:2014:i:1:p:13-24

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