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The Corporate Debt Market: A Firm-Level Panel Study for India

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  • Basudeb Guha-Khasnobis
  • Saibal Kar

Abstract

Traditionally, firms in India have shown a low preference towards debt financing, despite its advantages. Using panel data from 450 firms during 1992-93 and 2003-04, we attempt to identify factors which could explain the pattern of financing of manufacturing firms in India and the key determinants of their debt structure. We examine the roles of age of the firm, long term borrowing and net sales in affecting its debt structure.

Suggested Citation

  • Basudeb Guha-Khasnobis & Saibal Kar, 2006. "The Corporate Debt Market: A Firm-Level Panel Study for India," WIDER Working Paper Series RP2006-50, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2006-50
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2006-50.pdf
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    References listed on IDEAS

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    Cited by:

    1. Sze Kim Chin & Nur Adiana Hiau Abdullah, 2013. "Announcements Effect of Corporate Bond Issuance and Its Determinants," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 7(1), March.
    2. Sanjay Tupe, 2020. "A Study of Capital Structure of Indian Power Generation and Supply Firms: Unbalanced Panel Data," Asian Development Policy Review, Asian Economic and Social Society, vol. 8(2), pages 128-140, June.

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