Financial Development and Growth in India : A Growing Tiger in a Cage? /

This paper examines the efficiency of the different segments of India's financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial s...

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Bibliografiske detaljer
Hovedforfatter: Oura, Hiroko
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2008.
Serier:IMF Working Papers; Working Paper ; No. 2008/079
Online adgang:Full text available on IMF
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245 1 0 |a Financial Development and Growth in India :   |b A Growing Tiger in a Cage? /  |c Hiroko Oura. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the efficiency of the different segments of India's financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial system in India is not channeling funds into industries with higher external finance dependence; (2) the debt financing system does not allocate funds according to firms' external finance dependence, while equity financing system does; and (3) firms in an industry that are more dependent on external finance grow more slowly. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/079 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/079/001.2008.issue-079-en.xml  |z IMF e-Library