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Drivers of corporate investment in India: Assessing the impact of monetary policy and Covid

By: Gupta, K., Kumar, S. and Gulati, S.
Material type: materialTypeLabelBookPublisher: South Asia Economic Journal Description: 24(2), Sep, 2023: p.216-251. In: South Asia Economic JournalSummary: Empirical investigation finds that firm-specific factors, namely deleveraging of balance sheets, comfortable cash flows and improving debt servicing capacity impact fixed investment in private corporate sector positively. Monetary policy impacts fixed assets investment growth of financially constrained firms more compared to non-financially constrained firms. Furthermore, the impact of COVID pandemic on investment was more adverse in case of weak firms. – Reproduced https://journals.sagepub.com/doi/abs/10.1177/13915614231192775
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Articles Articles Indian Institute of Public Administration
24(2), Sep, 2023: p.216-251 Available AR130464

Empirical investigation finds that firm-specific factors, namely deleveraging of balance sheets, comfortable cash flows and improving debt servicing capacity impact fixed investment in private corporate sector positively. Monetary policy impacts fixed assets investment growth of financially constrained firms more compared to non-financially constrained firms. Furthermore, the impact of COVID pandemic on investment was more adverse in case of weak firms. – Reproduced

https://journals.sagepub.com/doi/abs/10.1177/13915614231192775

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