Do debt payments beget debt? Evidence from an emerging market

Do firms generate financial flexibility by retiring debt? Using Indian data, we document that firms channel approximately 39% of current cash flow to repay debt. This higher debt-cash flow sensitivity facilitates firms to maintain investment in the future. Firms prioritise reducing dependency on ext...

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Podrobná bibliografie

Hlavní autoři:	Vishnu K. Ramesh, Aravind Sampath
Médium:	Artigo
Jazyk:	Inglês
Vydáno:	Elsevier 2023-06-01
Edice:	IIMB Management Review
Témata:	Cash flow sensitivities Emerging markets Borrowings Financial constraints Capital structure
On-line přístup:	http://www.sciencedirect.com/science/article/pii/S0970389623000368
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