Bhaumik, Sumon; Das, Pranab Kumar; Kumbhakar, Subal C. - William Davidson Institute, University of Michigan - 2011
We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of Indian firms during the 1997-2006 period. The use of the stochastic frontier approach allows us to define the (unobserved) optimum investment that is consistent with a firm's...
