Munich Personal RePEc Archive

Productivity and Financial Structure: Evidence from Indian High-Tech Firms

Ghosh, Saibal (2009): Productivity and Financial Structure: Evidence from Indian High-Tech Firms. Published in: Global Business Review , Vol. 10, No. 2 (1 December 2009): pp. 261-278.

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Abstract

The paper utilizes data on high-tech Indian firms for 1996-2007 to explain the association between leverage and productivity. Accordingly, firm-level productivity measures are regressed on a set of control variables, which includes leverage among the regressors. The findings suggest that low leveraged firms tend to be more productive, on average. Robustness tests support the results.

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