The present study intends to analyze empirically to what extent product market competition that a firm faces in a developing country like India, affects its capital structure decisions. The product market behaviour is captured from three different angles viz. structure-conduct-performance. We...

In this paper, we evaluate the relative importance of the alternative sources of external finance (mainly debt) in the Indian context using probit regression analysis. Here we consider three different sources of external finance, namely the capital market, bank borrowings and borrowings from...