Add to ORKGWe examine the effect of business group affiliation on corporate investment behavior in India. We use a data set containing 684 Indian listed companies for the 1989-1997 period. We estimate a simple investment equation and find evidence that cash flow has a positive effect on investment spending of stand-alone firms, whereas for group affiliates cash flow is either insignificant or has a much lower coefficient. This suggests that business group affiliates have better access to external funds than stand-alone firms.
Abstract This study examines the impact of financial development on corporate investment in terms of...
In contrast to the popular assumption of independence made in the classic corporate finance literatu...
This study examines business groups and their impact on corporate governance in Pakistan. We use non...
Abstract We examine the effect of business group affiliation on corporate investment behavior in Ind...
Abstract We examine the effect of business group affiliation on corporate investment behavior in Ind...
We examine the effect of business group affiliation on corporate investment behaviour in India. More...
We examine the effect of business group affiliation on corporate investment behaviour in India. More...
A controversy exists on the use of the investment–cash flow sensitivity as a measure of financing co...
Several studies use the investment - cash flow sensitivity as a measure of financing constraints whi...
A controversy exists on the use of the investment – cash flow sensitivity as a measure of financing ...
This article studies the impact of group affiliation on the performance of firms in India during 199...
This paper combines two rival threads of the business finance literature: the first filament relates...
This article studies the impact of group affiliation on the performance of firms in India during 199...
Using data on a sample of Indian firms from 1996 to 2006, we examine the effect of group affiliation...
Abstract Background The purpose of the study is to understand the role of cash flow sensitivity to i...
Abstract This study examines the impact of financial development on corporate investment in terms of...
In contrast to the popular assumption of independence made in the classic corporate finance literatu...
This study examines business groups and their impact on corporate governance in Pakistan. We use non...
Abstract We examine the effect of business group affiliation on corporate investment behavior in Ind...
Abstract We examine the effect of business group affiliation on corporate investment behavior in Ind...
We examine the effect of business group affiliation on corporate investment behaviour in India. More...
We examine the effect of business group affiliation on corporate investment behaviour in India. More...
A controversy exists on the use of the investment–cash flow sensitivity as a measure of financing co...
Several studies use the investment - cash flow sensitivity as a measure of financing constraints whi...
A controversy exists on the use of the investment – cash flow sensitivity as a measure of financing ...
This article studies the impact of group affiliation on the performance of firms in India during 199...
This paper combines two rival threads of the business finance literature: the first filament relates...
This article studies the impact of group affiliation on the performance of firms in India during 199...
Using data on a sample of Indian firms from 1996 to 2006, we examine the effect of group affiliation...
Abstract Background The purpose of the study is to understand the role of cash flow sensitivity to i...
Abstract This study examines the impact of financial development on corporate investment in terms of...
In contrast to the popular assumption of independence made in the classic corporate finance literatu...
This study examines business groups and their impact on corporate governance in Pakistan. We use non...