Article ID Journal Published Year Pages File Type
5090042 Journal of Banking & Finance 2012 9 Pages PDF
Abstract
► We use the stochastic frontier approach to modelling financial constraint at of firms. ► It enables us to estimate a measure of financial constraint of each firm for each time period. ► An application to India shows that investment efficiency was reduced between 1997 and 2006. ► By 2006, business group membership was no longer able to reduce financial constraints of firms.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A stochastic frontier approach to modelling financial constraints in firms: An application to India
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