Hasnat, Tanzeem; Ashraf, Shahid - In: International Journal of Emerging Markets 13 (2018) 6, pp. 1719-1731
Purpose: The purpose of this paper is to empirically investigate the possibility of financial crowding out in the long-term debt market in India taking the corporate bond market as a proxy. Design/methodology/approach: The study follows a two-pronged approach. First, it tests the corporate bond...