Munich Personal RePEc Archive

Firm Characteristics, Financial Composition and Response to Monetary Policy: Evidence from Indian Data

Ghosh, Saibal (2010): Firm Characteristics, Financial Composition and Response to Monetary Policy: Evidence from Indian Data. Published in: Journal of Indian Business Research , Vol. 2, (October 2010)

[img]
Preview
PDF
MPRA_paper_24717.pdf

Download (230Kb) | Preview

Abstract

The article examines the evidence for credit channel on the composition of corporate finance during tight and loose periods of monetary policy, using micro-level data on Indian firms for 1995-2007. The findings provide evidence in favor of the relationship lending view, although the magnitude and extent of the response varies according to firm characteristics.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.