Market Imperfections and Optimal Capital Structure (Record no. 42654)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01621nab a22001697a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 160615b2015 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Basu, Kaushik |
| 245 ## - TITLE STATEMENT | |
| Title | Market Imperfections and Optimal Capital Structure |
| Statement of responsibility, etc. | Evidence from Indian Panel Data / Basu, Kaushik. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2015 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 61 - 83 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This article is an attempt to answer the question: whether corporate firms in India have a tendency to adjust their financial structure to a targeted level? For this, we have focused on the partial adjustment process of long-term debt and equity. The results show evidence in favour of adjustment process towards optimal level of long-term debt and equity, but it is very slow in both the cases, especially in case of equity. Adjustment speed for long-term debt in India is similar to the speed of adjustment of developed countries, the United States (US) and the United Kingdom (UK). This finding does not support the view that economies characterized by private lending adjust faster than market-dominated economies as transaction cost of private lending is less in comparison to public lending. This study contributes to the existing literature by considering capital market regulation as one of the determinants of capital structure. It has been observed that stringency of capital market regulation exerts a negative impact on equity and debt. As the stringency of capital market regulation increases, it reduces the problem of |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Market Imperfection |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Panel Data |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Capital Structure |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Global Business Review |
| Place, publisher, and date of publication | February |
| Withdrawn status | Lost status | Damaged status | Not for loan | Permanent Location | Current Location | Date acquired | Serial Enumeration / chronology | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ahmedabad (HO) | Ahmedabad (HO) | 21/06/2016 | Vol. 16, Issue. 1 | 019123 | 21/06/2016 | 21/06/2016 | Articles |