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Financial Intermediaries and Markets

✍ Scribed by Franklin Allen; Douglas Gale

Book ID
111052386
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
277 KB
Volume
72
Category
Article
ISSN
0012-9682

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## Abstract This paper extends the literature on finance and investment by examining the source of finance constraints on the firm's investment decisions. Using a panel of 714 Indian manufacturing firms for the period 1993–98, we find that the degree of β€˜finance constraint’ differs significantly ac