(DOWNLOAD) "Leverage & Trade Unionism in Indian Industry : an Empirical Note." by Indian Journal of Industrial Relations * Book PDF Kindle ePub Free
eBook details
- Title: Leverage & Trade Unionism in Indian Industry : an Empirical Note.
- Author : Indian Journal of Industrial Relations
- Release Date : January 01, 2010
- Genre: Finance,Books,Business & Personal Finance,
- Pages : * pages
- Size : 256 KB
Description
Introduction The product market and input market effects of capital structure link the financial and real activities of a firm. A significant body of theoretical literature relates financial structure to market conduct and postulates strategic use of leverage by firms (Dasgupta & Sengupta 1993, Campello 2003, Cavanaugh & Garen 2004). Notwithstanding the advancements in the theoretical literature, empirical evidence on this aspect is far less convincing. The present note addresses this gap in the literature by demonstrating that strategic incentives from input markets have an impact on financing decisions.
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