Business, Management and Accounting
5 years ago

Debt diversification hurts firm value, especially for group-affiliated companies in India.

International Review of Economics & Finance
Does debt diversification impact firm value? Evidence from India
Nemiraja Jadiyappa, L. Emily Hickman, Pavana Jyothi, Narender Vunyale, Bhanu Sireesha

Paper Summary

Debt diversification can lower a company's value, especially for group-affiliated firms in India. Lenders may not monitor as well, leading to more problems and worse financial performance. This doesn't seem to help with financial constraints.

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