Faculty News

Professor Aswath Damodaran reacts to e-commerce company Flipkart's utilization of credit from commercial banks

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Excerpt from Business Standard -- "Aswath Damodaran, professor of corporate finance and valuation at the Stern School of Business at New York University, said, 'I think it is not only dangerous for any young, start-up, and especially with huge growth potential and large losses today to borrow money. By borrowing money, they run the risk of default and in the process, they are putting their growth potential at risk. Why do that?'"

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