Abstract: The publiclisted companies in India are majorly owned byrenowned business families. Also, according to agency theory, family companies are distinct from other firms. Despite this, there has been little research on Indian family businesses. Thepresent study is an attempt to explore the financing behaviour of family businesses as compared to those of other businesses, using a sample of 248 companies from the S&P BSE 500 Index across a five-year period from 2015 to 2019, totaling 1240 firm-year observations.The panel regression model was used to investigate the impact of family members holding major ownership stakes or CEO/ Chairperson positions on capital structure........
Keywords: Family firms, Capital structure, Financing decisions, Leverage, Debt maturity, S&P BSE 500 Index
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