Productivity and Financial Structure: Evidence from Indian High-Tech Firms

Saibal Ghosh

MPRA Paper from University Library of Munich, Germany

Abstract: The paper utilizes data on high-tech Indian firms for 1996-2007 to explain the association between leverage and productivity. Accordingly, firm-level productivity measures are regressed on a set of control variables, which includes leverage among the regressors. The findings suggest that low leveraged firms tend to be more productive, on average. Robustness tests support the results.

Keywords: productivity; financial structure, leverage; India (search for similar items in EconPapers)
JEL-codes: D24 (search for similar items in EconPapers)
Date: 2009-12-01
New Economics Papers: this item is included in nep-cwa and nep-eff
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Citations: View citations in EconPapers (5)

Published in Global Business Review 2.10(2009): pp. 261-278

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19467

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