Effects of Ownership Structure on Capital Structure of Indian Listed Firms: Role of Business Groups vis-a-vis Stand-Alone Firms

Indrani Chakraborty

Working Papers from eSocialSciences

Abstract: The objective of this study was to explore the relationship between promoter ownership and capital structure of firms using a sample of Indian publicly listed firms for the period from 2006 to 2013, differentiating between group-affiliated and stand-alone firms.

Keywords: promoter ownership; capital structure; business groups; managerial risk aversion hypothesis; active monitoring hypothesis; India; Indian; publicly; stand-alone firms; maximization of firms; Managers; equity holdings; bankruptcy risk (search for similar items in EconPapers)
Date: 2016-05
Note: Institutional Papers
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