Does Local Financial Development Matter for Firm Lifecycle in India?

The differences in financial development across Indian states, while seeming substantial, have a minor effect on firm lifecycle and growth. These results hold controlling for differences in labor regulations across states, capital intensity, and fo...

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Bibliographic Details
Main Authors:	Ayyagari, Meghana, Demirguc-Kunt, Asli, Maksimovic, Vojislav
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCOUNTING AGE GROUP AGE GROUPS BANK BRANCH BANK BRANCHES BANK CREDIT BANK FINANCING BANKING REFORM BANKING REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKS BRANCH BRANCHES BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL EXPENDITURES CAPITAL MARKET CASH FLOW CHAMBERS OF COMMERCE COMMERCIAL BANK COMMERCIAL BANKS COMPANY CORPORATE ACQUISITIONS CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATIONS CORRUPTION CREDIT ALLOCATION DEBT DEPOSIT DEPOSIT INSURANCE DEPOSITS DEVELOPMENT ECONOMICS DIVERSIFICATION DIVIDEND POLICY ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC SUCCESS ECONOMICS EDUCATION LEVEL EMPLOYEE EMPLOYER EMPLOYMENT EMPLOYMENT DYNAMICS EMPLOYMENT LEVELS EMPLOYMENT PROTECTION LEGISLATION ENTREPRENEURIAL ACTIVITY ENTREPRENEURSHIP EXPANSION EXTERNAL FINANCE EXTERNAL FINANCING FINANCIAL ACCESS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL OUTREACH FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR REFORMS FINANCIAL STRUCTURE FINANCIAL SYSTEM FINANCIAL SYSTEMS FIRM GROWTH FIRM PERFORMANCE FIRM SIZE FIRM SIZE DISTRIBUTION FIRMS FLEXIBLE LABOR MARKETS FOREIGN BANKS FORMAL FINANCIAL INSTITUTION GROWTH OPPORTUNITIES INCOME INDUSTRY CHARACTERISTICS INEQUALITY INFLEXIBLE LABOR INFORMAL FINANCE INFORMAL SECTOR INTERNATIONAL BANK JOB CREATION LABOR FORCE LABOR INTENSITY LABOR LAWS LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES LABOR MARKET REGULATION LABOR MARKET REGULATIONS LABOR MARKETS LABOR PRODUCTIVITY LABOR REGULATION LABOR REGULATIONS LABOUR LABOUR MARKET LABOUR MARKET REGULATION LAWS LEGISLATION LENDING DECISIONS LICENSING LINES OF CREDIT MACROECONOMICS MANUFACTURING INDUSTRIES MARKET LIBERALIZATION MERCHANTS MIGRATION MULTIPLIER EFFECT NATIONALIZED BANKS NEW BUSINESSES OUTPUTS PLANT SIZE PRIVATE BANKS PRIVATE CREDIT PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR BANKS PRODUCT MARKETS PRODUCTION PROCESS PRODUCTIVITY PROFITABILITY REGIONAL RURAL BANKS RESERVE BANK OF INDIA RIGID LABOR MARKET SIZE OF FIRMS SMALL BUSINESS SMALL BUSINESS FINANCE SMALL ENTERPRISES SMALL FIRM SMALL FIRMS SOCIAL BANKING SOCIAL CAPITAL STATE OWNED BANKS STOCK MARKETS TRADE REFORMS TRANSPORT UNEMPLOYMENT UNION UNPAID FAMILY WORKERS URBAN AREAS VILLAGES WAGES WATER SUPPLY WORKER WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2014/08/20132223/local-financial-development-matter-firm-lifecycle-india http://hdl.handle.net/10986/20349