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Corporate Financial Structures in Indiaâ€

Author

Listed:
  • Christopher J. Green

    (Department of Economics, Loughborough University)

  • Victor Murinde

    (Birmingham Business School, The University of Birmingham)

  • Joy Suppakitjarak

    (University of Westminster)

Abstract

We document the financial structure of a sample of Indian non-financial companies using a new and unique dataset consisting of a panel containing the published accounts of almost 900 companies that published a full set of accounts every year during 1989-99. In a new departure in the literature, the dataset includes quoted and unquoted companies. We compare the sources-uses approach to analyzing company financial structures with the asset-liability approach. We use both approaches to characterize and to compare the financial structures of Indian com panies over time; between quoted and unquoted companies; and between com panies which belong to a business group and those that do not. Finally, we compare our results to those obtained previously for India and for the industrial countries.

Suggested Citation

  • Christopher J. Green & Victor Murinde & Joy Suppakitjarak, 2003. "Corporate Financial Structures in Indiaâ€," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 4(2), pages 245-273, September.
    • Handle: RePEc:sae:soueco:v:4:y:2003:i:2:p:245-273
    DOI: 10.1177/139156140300400205
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    References listed on IDEAS

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    More about this item

    Keywords

    (JEL: G30; G32; 016) Keywords: India; Corporate Finance; Financial Structure.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • 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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