05207oam 22011534 450 991077922540332120230802005430.01-4639-5085-31-4639-5026-8(CKB)2550000000106451(EBL)1606617(SSID)ssj0000949371(PQKBManifestationID)11512171(PQKBTitleCode)TC0000949371(PQKBWorkID)10996603(PQKB)11414419(MiAaPQ)EBC1606617(Au-PeEL)EBL1606617(CaPaEBR)ebr10569535(OCoLC)779529754(IMF)WPIEE2012070(IMF)WPIEA2012070(EXLCZ)99255000000010645120020129d2012 uf 0engur|n|---|||||txtccrDoes the Business Environment Affect Corporate Investment in India? /Kiichi TokuokaWashington, D.C. :International Monetary Fund,2012.1 online resource (24 p.)IMF Working PapersDescription based upon print version of record.1-4639-5025-X 1-4639-3906-X Cover; Contents; I. Introduction; Figures; 1. Investment in India; II. Analysis of Macroeconomic Data; Tables; 1. Impact of Macroeconomic Variables on Corporate Investment; III. Analysis of Firm-Level Micro Panel Data; 2. Estimation of Investment Function; 3. Estimation of Investment Function Using Subsamples; 2. Determinants of Corporate Investment; 3. Business Environment Indices; 4. Variability of Business Environment within India; 4. Regression of Profitability; Box; 1. Studies Utilizing Variability within India; IV. Policy Issues and Conclusions5. Estimated Aggregate Impact of Reducing Costs of Doing BusinessReferences; Appendices; A. Regression Results Using Alternative Data Set; B. Description of Semi-aggregate DataSince the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not only moderate growth from the demand side but also constrain growth from the supply side over time. Against this background, this paper analyzes the reasons for the slowdown and discusses how India can boost corporate investment, using both macro and firm-level micro data. Analysis of macro data indicates that macroeconomic factors can largely explain corporate investment but that they do not appear to account fully for recent weak performance, suggesting a key role of the business environment in reviving corporate investment. Analysis of micro panel data suggests that improving the business environment by reducing costs of doing business, improving financial access, and developing infrastructure, could stimulate corporate investment.IMF Working Papers; Working Paper ;No. 2012/070CorporationsIndiaFinanceInvestmentsIndiaBanks and BankingimfCorporate FinanceimfInfrastructureimfInvestments: GeneralimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfCorporate Finance and Governance: GeneralimfFinancial Institutions and Services: GeneralimfInterest Rates: Determination, Term Structure, and EffectsimfCorporate financeimfMacroeconomicsimfFinanceimfCorporate investmentimfBusiness environmentimfGross fixed investmentimfReal interest ratesimfNational accountsimfEconomic sectorsimfFinancial servicesimfSaving and investmentimfBusiness enterprisesimfInterest ratesimfIndiaimfCorporationsFinance.InvestmentsBanks and BankingCorporate FinanceInfrastructureInvestments: GeneralInvestmentCapitalIntangible CapitalCapacityCorporate Finance and Governance: GeneralFinancial Institutions and Services: GeneralInterest Rates: Determination, Term Structure, and EffectsCorporate financeMacroeconomicsFinanceCorporate investmentBusiness environmentGross fixed investmentReal interest ratesNational accountsEconomic sectorsFinancial servicesSaving and investmentBusiness enterprisesInterest ratesTokuoka Kiichi1476613DcWaIMFBOOK9910779225403321Does the Business Environment Affect Corporate Investment in India3762939UNINA