We document the financial structure of a sample of Indian non-financial companies using a new and unique dataset consisting of a panel containing the published accounts of almost 900 companies that published a full set of accounts every year during 1989-99. In a new departure in the literature, the dataset includes quoted and unquoted companies. We compare the sources-uses approach to analyzing company financial structures with the asset-liability approach. We use both approaches to characterize and to compare the financial structures of Indian com panies over time; between quoted and unquoted companies; and between com panies which belong to a business group and those that do not. Finally, we compare our results to those obtained previously for India and for the industrial countries.
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