Impact of Leverage of a Company on Stock Market Liquidity in Indian Markets
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 1
Abstract
This paper examined the relationship between leverage and the stock market liquidity of Indian firms included in the S&P BSE 500 Index from 2009 to 2013. The fixed effects panel regression model has been invoked to analyze the relationship. The empirical results support the stock market liquidity implications of leverage, that is, lower level of debt results in higher stock market liquidity of the firm. The empirical results put forth that there is a negative relationship between stock market liquidity as measured by Amihud measure and firm leverage.
Authors and Affiliations
Dr. Manjit Kaur Sidhu
Keywords
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- EP ID EP409459
- DOI 10.9790/487X-2001030108.
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