What is it about?
The statistical relationship between use of debt, agency cost and performance of Indian manufacturing firms. The study using panel data regression analysis confirms that, use of debt/leverage elevate agency cost and negatively affects firm performance.
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Why is it important?
The study instead of directly interlinking debt with firm performance introduces agency cost variables to have a concertized result.
Perspectives
I hope this empirical resesrch would add incremental value in the domain of corporate finance and governance. The readers would also be highly benefited
Krishna Dayal Pandey
Vidyasagar University
Read the Original
This page is a summary of: Debt Financing, Agency Cost and Firm Performance: Evidence from India, Vision The Journal of Business Perspective, August 2019, SAGE Publications,
DOI: 10.1177/0972262919859203.
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