Financial Frictions, Underinvestment, and Investment Composition

Evidence from Indian Corporates

Financial Frictions, Underinvestment, and Investment Composition
This paper studies private investment in India against the backdrop of a significant investment decline over the past decade. We analyze the potential causes of weaker investment at the firm level, using both firm-level financial statements and a novel dataset on firms’ investment project decisions, and find that financial frictions have played... READ MORE...

Publication date: June 2017
ISBN 9781484302644
$18.00

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