财务制约在企业转型中的作用--来自印度制造业的证据

IF 1.7 4区经济学 Q3 DEVELOPMENT STUDIES

Journal of International Development Pub Date : 2024-04-09 DOI:10.1002/jid.3898

Golam Rabbani, S N Rajesh Raj

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引用次数: 0

摘要

在发展中国家的制造业中，小公司的普遍存在构成了一个难题，因为很少有公司能成功转型为大型公司。学术界对这种有限的向上流动性背后原因的关注仍然很少。本研究以印度制造业为重点，探讨了有限的金融渠道作为阻碍小型企业转型的重要障碍的作用。通过分析横跨 2001-2016 年、涵盖正规和非正规企业的数据，我们发现了有力的证据，表明获得融资对于印度制造业的小型企业转型至关重要。这些发现对其他规格和方法以及反向因果关系引起的担忧都是可靠的。

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The role of financial constraints in firm transition—Evidence from Indian manufacturing

In developing countries' manufacturing, the prevalence of small firms poses a conundrum, as few successfully transition to larger categories. Scholarly attention to the reasons behind this limited upward mobility remains scarce. This study, focusing on Indian manufacturing, explores the role of limited financial access as a significant obstacle hindering small firms' transition. Analysing data spanning 2001–2016, encompassing both formal and informal firms, we find robust evidence that access to finance is crucial for small firm transition in Indian manufacturing. The findings are robust to alternate specifications and methods, and also to concerns arising from reverse causality.

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来源期刊

Journal of International Development DEVELOPMENT STUDIES-

CiteScore

2.40

自引率

0.00%

发文量

109

期刊介绍： The Journal aims to publish the best research on international development issues in a form that is accessible to practitioners and policy-makers as well as to an academic audience. The main focus is on the social sciences - economics, politics, international relations, sociology and anthropology, as well as development studies - but we also welcome articles that blend the natural and social sciences in addressing the challenges for development. The Journal does not represent any particular school, analytical technique or methodological approach, but aims to publish high quality contributions to ideas, frameworks, policy and practice, including in transitional countries and underdeveloped areas of the Global North as well as the Global South.