Desai, Sameeksha; Eklund, Johan; Högberg, Andreas - In: Journal of Financial Economic Policy 3 (2011) July, pp. 123-139
Purpose – The purpose of this paper is to study the efficiency of capital allocation, across levels of ownership, in the aftermath of pro-market reforms in India. Design/methodology/approach – The paper measures investment efficiency using the accelerator principle and examines the effect of...
