BUSINESS GROUPS AFFILIATION AND LONG-TERM BORROWING FROM INTERNAL NETWORKS:  AN EMPIRICAL STUDY

Chawla, Sonam; Rahman, Ateequr; Lai, Kuei Kuei

doi:10.46254/NA07.20220407

Financial Engineering

BUSINESS GROUPS AFFILIATION AND LONG-TERM BORROWING FROM INTERNAL NETWORKS: AN EMPIRICAL STUDY

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Sonam Chawla Department of Human Resource & Organisational Behavior (HR & OB), Jindal Global Business School, OP Jindal Global University

Ateequr Rahman School of Management & Entrepreneurship, Indian Institute of Technology, Jodhpur

Kuei Kuei Lai Department Of Business Administration

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This paper investigates the role of internal networks on long-term borrowing in large business groups. In line with the network-assisted resource-based hypothesis, our findings suggest that firms associated with big business groups tend to use their internal networks for raising long-term borrowings. These findings indicate that an association with a business group increases the ease of access to debt capital within their internal networks.

Published in 7th North American International Conference on Industrial Engineering and Operations Management, Orlando, USA

Publisher IEOM Society International

Date of Conferences June 11–14, 2022

DOI 10.46254/NA07.20220407

ISBN 978-1-7923-9158-3

ISSN/E-ISSN 2169-8767

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BUSINESS GROUPS AFFILIATION AND LONG-TERM BORROWING FROM INTERNAL NETWORKS: AN EMPIRICAL STUDY