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The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
traces its linkages with the agrarian sector. It uses the context of two developing economies, India and Kenya that were …
Persistent link: https://www.econbiz.de/10008833279
The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...
Persistent link: https://www.econbiz.de/10013082604
This paper attempts to explore a new dimension of India’s ‘finance-growth-crisis’ nexus. For this end, the summary … specifying the break date through the Bai and Perron (1998; 2003) test. The key findings are: (1) India’s finance-growth nexus is …
Persistent link: https://www.econbiz.de/10011258602
In this paper, the impact of global financial crisis on India’s Gross Domestic Product (GDP) is investigated upon in an … remains the key driver of India’s GDP growth. Our analysis establishes that though India’s trade sector dwindled and …
Persistent link: https://www.econbiz.de/10011258706
Repo is used in India as an instrument for monetary policy by institutionalizing daily Liquidity Adjustment Facility …
Persistent link: https://www.econbiz.de/10011260388
Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...
Persistent link: https://www.econbiz.de/10005619598
aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is … often highlighted in the literature. However, the probable impact of introducing KAC on CAB in India generally is discussed … theoretically. Though some of the existing studies in India have earlier focused on this research question, they have done so by …
Persistent link: https://www.econbiz.de/10014194754
The purpose of this paper is to examine the progress in socioeconomic conditions across the major states of India by …
Persistent link: https://www.econbiz.de/10014154852
In recent years there has been a rapid and sustained growth of the service sector in the Indian economy. But unfortunately, while the importance of the services is growing statistical data and other relevant information of the services are abysmally low. There are problems relating to the...
Persistent link: https://www.econbiz.de/10014187326