Export intensity and financial leverage of Indian firms
by Elena Goldman, P.V. Viswanath
International Journal of Trade and Global Markets (IJTGM), Vol. 4, No. 2, 2011

Abstract: This paper looks at the financial structure for Indian firms and investigates plausible relationships between export status and leverage over the last decade. If product demand from abroad has a low correlation with domestic demand, we would expect export-intensive firms to have greater cashflow stability due to diversification; this implies that they would also be able to support higher financial leverage. On the other hand, exporting firms have been shown to incorporate intangible assets, which allow them to increase their profitability; this would suggest a lower debt ratio. The diversification and cashflow stability hypotheses are accepted.

Online publication date: Wed, 08-Apr-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Trade and Global Markets (IJTGM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com