Do Financing Constraints Matter for Outward Foreign Direct Investment Decisions?

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Do Financing Constraints Matter for Outward Foreign Direct Investment Decisions?

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dc.contributor.author Sasidharan, Subash
dc.contributor.author Padmaja, M.
dc.date.accessioned 2016-04-29T07:36:27Z
dc.date.available 2016-04-29T07:36:27Z
dc.date.issued 2016-04-29
dc.identifier.uri http://hdl.handle.net/10398/9296
dc.description.abstract This study examines the role of financing constraints in explaining outward FDI decisions using unique firm level panel data on Indian manufacturing during the period 2007–2014. We consider the role of both internal finance and external finance in firm decisions on outward FDI and employ instrumental variable probit model to examine financing constraints in outward FDI decisions of firms. Further, using count data models, we examine financing constraints in determining strategies regarding number of affiliates abroad. The study shows that firms with higher cash flow and liquidity are likely to have more number of foreign affiliates. en_US
dc.format.extent 30 en_US
dc.language eng en_US
dc.relation.ispartofseries Copenhagen Discussion Papers;61
dc.subject.other Financing constraints en_US
dc.subject.other Outward FDI en_US
dc.subject.other Total factor productivity en_US
dc.title Do Financing Constraints Matter for Outward Foreign Direct Investment Decisions? en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Asia Research Centre en_US
dc.contributor.departmentshort ARC en_US
dc.contributor.departmentuk Asia Research Centre en_US
dc.contributor.departmentukshort ARC en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2016 en_US
dc.title.subtitle Evidence from India en_US


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