Corporate borrowing and profitability in
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Sumit Majumdar; Kunal Sen
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Article
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2009
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John Wiley and Sons
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English
β 152 KB
## Abstract This paper examines effects of different types of corporate borrowing on firm profitability in India. We show that in contrast to the conventional thinking on the importance of monitored debt in determining firm performance, what matters more is arm'sβlength lending in the form of fixed