Empirical tests of theoretical propositions necessitate quantitative estimation of qualitative firm level attribute. The challenges of such estimation are nowhere more pronounced than it is the context of estimating firm growth as evinced from the multiplicity of proxies used. However in using...

This paper analyzes the relation between growth opportunities and corporate borrowing using a panel data regression model, on a sample of 317 Indian firms covering the period 2004-2008. Isolating the components of growth in terms of growth of assets already-in-place and the present value of...