PANIITIMC 2018: Finance & Accounting最新文献

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Determinants of Venture Capital Investments in India: A State Level Analysis 印度风险资本投资的决定因素:一个州层面的分析

PANIITIMC 2018: Finance & Accounting Pub Date : 2020-12-21 DOI: 10.2139/ssrn.3753087

S. Malik, Siddarth Kumar

{"title":"Determinants of Venture Capital Investments in India: A State Level Analysis","authors":"S. Malik, Siddarth Kumar","doi":"10.2139/ssrn.3753087","DOIUrl":"https://doi.org/10.2139/ssrn.3753087","url":null,"abstract":"While India’s nascent startup industry has emerged to be amongst the top three startup industries globally, the grave challenge of lack of finance is thwarting the industry from reaching its potential. Insufficient funding is a major deterrent to startups’ growth which leads to death of startups at initial stages. Venture capital (VC) investments solve this problem of financial crunch and enable these startups to attain growth and scalability. Consequently, it becomes imperative to analyse and study factors that attract VC investments in a particular country. At present, there is limited literature on VC investments and their determinants pertaining to Asian countries. Specifically, no study has analysed the factors that impact VC investments in context of the Indian states. Building on the scanty literature, the present study has attempted to empirically determine the state level determinants that impact VC investments in startups in India. Using two-step System Generalised Method of Moments (GMM) on panel data for 15 states from 2008-2016, the study has analysed the impact of selected state-specific economic, infrastructural and institutional variables on VC investments. The results highlight that employment, teledensity, credit deposit ratio and state GDP positively affect the venture capital activity in a state. On the contrary, past venture capital investments and electricity available per capita negatively affect the venture capital activity in a state. The paper concludes with broad policy implications that will help policymakers create a conducive environment for fostering VC activity.","PeriodicalId":336510,"journal":{"name":"PANIITIMC 2018: Finance & Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123056750","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Fresh Evidence on Determinants of Corporate Cash Holdings 企业现金持有量决定因素的新证据

PANIITIMC 2018: Finance & Accounting Pub Date : 2020-12-05 DOI: 10.2139/ssrn.3743398

Prof.C.P. Gupta, Prateek Bedi

引用次数: 1

An Investigation Into Indicators Impacting Financial Inclusion Among Small and Marginal Farmers in India: A Case Study of Punjab, Haryana, and Rajasthan 影响印度小农户和边缘农户普惠金融的指标研究:以旁遮普、哈里亚纳邦和拉贾斯坦邦为例

PANIITIMC 2018: Finance & Accounting Pub Date : 2020-12-05 DOI: 10.2139/ssrn.3743390

Sonia Antil, Prof. Niranjan Swain, Prof. Ramesha K

{"title":"An Investigation Into Indicators Impacting Financial Inclusion Among Small and Marginal Farmers in India: A Case Study of Punjab, Haryana, and Rajasthan","authors":"Sonia Antil, Prof. Niranjan Swain, Prof. Ramesha K","doi":"10.2139/ssrn.3743390","DOIUrl":"https://doi.org/10.2139/ssrn.3743390","url":null,"abstract":"Financial exclusion has adverse socio-economic effects on lower income stratum of the population especially among small and marginal farmers at the bottom of the economic pyramid. India suffers from a high level of financial exclusion disproportionally among farmers holding small lands (holding land less than ≤2 hectares). This study provides an index for measuring the degree of financial inclusion using principal component analysis to compute weights endogenously for aggregating 12 indicators of access, usage, and barriers during 2016-17. The study investigates the critical indicators impacting the level of financial inclusion among small and marginal farmers using both supply side and demand side. The result provides evidence that the supply side is the most important dimension in developing country like India for broadening the financial access among lower income group. The study finds that to achieve a high level of financial inclusion policymakers should maximize access and minimize the barriers which will lead to an increase in the usage of financial services.","PeriodicalId":336510,"journal":{"name":"PANIITIMC 2018: Finance & Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131386942","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0