Purpose – The purpose of this paper is to examine the evidence for credit channel on the composition of corporate finance during tight and loose periods of monetary policy, using micro‐level data on Indian firms for 1995‐2007. Design/methodology/approach – Univariate tests as well as...

Purpose – Employing data on 14 major Indian states during 1973‐2004, this paper aims to investigate the hypothesis that economic growth is affected by financial outreach. Design/methodology/approach – The paper employs univariate tests as well as advanced panel regression techniques to...