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

Author

Listed:
  • Raveesh Krishnankutty

    (Research Scholar, ICFAI University, India)

  • Kiran Sankar Chakraborty

    (Indira Gandhi National Open University, Kolkata Regional Centre, India)

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.

Suggested Citation

  • Raveesh Krishnankutty & Kiran Sankar Chakraborty, 2014. "Growth and Long-term Debt of Indian Corporate Sector: A Study With Reference to Bombay Stock Exchange 500 Index Companies," Economic Research Guardian, Mutascu Publishing, vol. 4(1), pages 13-24, June.
    • Handle: RePEc:wei:journl:v:4:y:2014:i:1:p:13-24
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    More about this item

    Keywords

    Long-term debt; Panel Data; GMM; Indian Companies; Bombay Stock Exchange;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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