This study examines (leverage) underinvestment and overinvestment hypotheses, taking into account whether growth is anticipated or unanticipated and controlling for potential reverse causality. This study sheds light on the following question: Does financial leverage affect the firm's ability to...

Introduction -- An international comparison of the size-structure of manufacturing firms -- Salient features of the growth pattern in India -- The non-household sector in Indian manufacturing -- The impact of the missing middle on the growth rate -- The missing middle in manufacturing -- Causes...