Coverart for item
The Resource Financial Frictions, Underinvestment, and Investment Composition : Evidence from Indian Corporates, Sonali Das

Financial Frictions, Underinvestment, and Investment Composition : Evidence from Indian Corporates, Sonali Das

Label
Financial Frictions, Underinvestment, and Investment Composition : Evidence from Indian Corporates
Title
Financial Frictions, Underinvestment, and Investment Composition
Title remainder
Evidence from Indian Corporates
Statement of responsibility
Sonali Das
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
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 a role in the slowdown. Firms with higher financial leverage invest less, as do firms with lower earnings relative to their interest expenses. Consistent with the notion of credit constraints leading to pro-cyclical investment, we also find that firms with higher leverage are (i) less likely to undertake new investment projects, (ii) less likely to complete investment projects once begun, and (iii) undertake shorter-term investment projects
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Das, Sonali
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
D377 2017 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Das, Sonali
Series statement
IMF Working Paper
http://library.link/vocab/subjectName
  • Corporate Debt
  • Corporate Sector
  • Debt Restructuring
  • Private Investment
  • India
Label
Financial Frictions, Underinvestment, and Investment Composition : Evidence from Indian Corporates, Sonali Das
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2017134
Dimensions
unknown
Extent
1 online resource (32 pages)
Form of item
online
Isbn
9781484302644
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484302644.001
Specific material designation
remote
System control number
(IMF)WPIEA2017134
Label
Financial Frictions, Underinvestment, and Investment Composition : Evidence from Indian Corporates, Sonali Das
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2017134
Dimensions
unknown
Extent
1 online resource (32 pages)
Form of item
online
Isbn
9781484302644
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484302644.001
Specific material designation
remote
System control number
(IMF)WPIEA2017134

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