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Using the staggered introduction of fast-track debt recovery courts in India, we estimate the causal effect of a … reduction in debt contract enforcement costs on financing and asset maturity. A reduction in enforcement costs is associated … with an increase in long-term debt and a decrease in short-term debt and trade-credit. The increase in debt maturity is …
Persistent link: https://www.econbiz.de/10013036184
has led to a decline in the relative importance of debt, particularly bank loans, as a form of finance for the Indian …
Persistent link: https://www.econbiz.de/10013120785
-2014 suggest that increased disclosure after 2000 has led to a greater (lower) reliance on equity (debt) among treated domestic … be politically connected and continue to be opaque with greater reliance on debt, thus challenging the effective …
Persistent link: https://www.econbiz.de/10012845593
We examine the announcement returns of acquisitions made by Indian firms during the period 1995–2011. Our results confirm that the announcement returns to Indian acquirers are on average significantly positive. However, we are first to document that the announcement returns to Indian acquirers...
Persistent link: https://www.econbiz.de/10010719838
We examine the relationship between geopolitical risk (GPR) and corporate investments considering 395 Indian hotel and restaurant industry firms from 2003 to 2020. The choice of this industry is motivated by the fact that they require recurrent investments in fixed assets. We find a...
Persistent link: https://www.econbiz.de/10014348852
The rapid development of information and communication technology has brought many activities of our daily lives online, making them more flexible and effective. The significant increase in the number of online users has activated the concept of virtual worlds and created cryptocurrencies, a new...
Persistent link: https://www.econbiz.de/10014351508
profitability largely occur during the one to three years just before privatization, the progress in terms of leverage and …
Persistent link: https://www.econbiz.de/10012765439
This chapter examines the propping evidences using price reaction to the earnings announcement method for group affiliated firms in India. When any listed group firm announces its earnings, market views this firm as prospective to help other affiliate firms of the group. Overall, an increase in...
Persistent link: https://www.econbiz.de/10012961654
This paper provides evidence on the effect of women directors on the performance of family firms with a case study of India. Existing literature on the subject has primarily focused on widely held firms, notably in the US. Given that ownership structure and governance environment of family firms...
Persistent link: https://www.econbiz.de/10012964704
We analyze the extent to which promoters of firms listed on the Bombay Stock Exchange are using rights issues to circumvent regulatory provisions related to creeping acquisitions. We find that promoters use rights issues that do not have specific objectives for purposes of realizing an increase...
Persistent link: https://www.econbiz.de/10013036526