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)
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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.
|Item Type:||MPRA Paper|
|Original Title:||Firm Characteristics, Financial Composition and Response to Monetary Policy: Evidence from Indian Data|
|Keywords:||monetary policy; corporate finance; leverage; Altman-Z; relationship lending; India|
|Subjects:||E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy|
|Depositing User:||Saibal Ghosh|
|Date Deposited:||30. Aug 2010 19:31|
|Last Modified:||22. Mar 2015 08:36|
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