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

  • Ghosh, Saibal

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.

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File URL: https://mpra.ub.uni-muenchen.de/19467/1/MPRA_paper_19467.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19467.

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Date of creation: 01 Dec 2009
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Publication status: Published in Global Business Review 2.10(2009): pp. 261-278
Handle: RePEc:pra:mprapa:19467
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