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Determinants of corporate borrowing: Some evidence from the Indian corporate structure

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  • Saumitra Bhaduri

Abstract

In contrast to previous empirical work on capital structure, which is mainly confined to the United States and a few other advanced countries, this paper attempts to study the capital structure choice of developing countries through a case study of the Indian corporate sector. The paper shows that the optimal capital structure choice is influenced by factors such as growth, cash flow, size, and product and industry characteristics. Copyright Springer 2002

Suggested Citation

  • Saumitra Bhaduri, 2002. "Determinants of corporate borrowing: Some evidence from the Indian corporate structure," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 26(2), pages 200-215, June.
    • Handle: RePEc:spr:jecfin:v:26:y:2002:i:2:p:200-215
    DOI: 10.1007/BF02755986
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    References listed on IDEAS

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