05390oam 22012374 450 991095677560332120250426110449.09781463950859146395085397814639502621463950268(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)WPIEA2012070WPIEA2012070(EXLCZ)99255000000010645120020129d2012 uf 0engur|n|---|||||txtccrDoes the Business Environment Affect Corporate Investment in India? /Kiichi Tokuoka1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (24 p.)IMF Working PapersDescription based upon print version of record.9781463950255 146395025X 9781463939069 146393906X 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 BankingimfBusiness enterprisesimfBusiness environmentimfCapacityimfCapitalimfCorporate Finance and Governance: GeneralimfCorporate FinanceimfCorporate financeimfCorporate investmentimfEconomic sectorsimfFinanceimfFinancial Institutions and Services: GeneralimfFinancial servicesimfGross fixed investmentimfInfrastructureimfIntangible CapitalimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfInvestmentimfInvestments: GeneralimfMacroeconomicsimfNational accountsimfReal interest ratesimfSaving and investmentimfIndiaimfCorporationsFinance.InvestmentsBanks and BankingBusiness enterprisesBusiness environmentCapacityCapitalCorporate Finance and Governance: GeneralCorporate FinanceCorporate financeCorporate investmentEconomic sectorsFinanceFinancial Institutions and Services: GeneralFinancial servicesGross fixed investmentInfrastructureIntangible CapitalInterest ratesInterest Rates: Determination, Term Structure, and EffectsInvestmentInvestments: GeneralMacroeconomicsNational accountsReal interest ratesSaving and investment332.152Tokuoka Kiichi1815653DcWaIMFBOOK9910956775603321Does the Business Environment Affect Corporate Investment in India4371899UNINA