Transnational Corporations

Frequency
3 times a year
ISSN: 
2076-099X (online)
http://dx.doi.org/10.18356/d3e73f33-en
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This journal takes a fresh look at major legal, sectorial, regional and environmental issues facing corporations operating internationally. Released three times a year, it provides in-depth policy-oriented research findings on significant issues relating to the activities of transnational corporations.
Article
 

Raising corporate debt in India: Has foreign ownership been an asset or a liability? You do not have access to this content

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    http://oecd.metastore.ingenta.com/content/47fec1d1-en.pdf
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Author(s):
Sumit K. Majumdar
31 Dec 2011
Pages:
20
Bibliographic information
No.:
2,
Volume:
19,
Issue:
1
Pages:
35–54
http://dx.doi.org/10.18356/47fec1d1-en

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This article examines the relationship between the extent of foreign ownership and debt composition using a sample of 1,000 firms in India. The estimation results show that firms with foreign ownership do not access more expensive funds from commercial banks while they do enjoy relatively greater access to funds from development finance institutions, compared to domestic firms. Thus, Indian development finance institutions appear not to have discriminated against foreign affiliates in their lending activities.