Financial dependence, labour regimes and industry growth: Do creditor rights matter?

被引:0
|
作者
Ghosh, Saibal [1 ]
机构
[1] Qatar Cent Bank, POB 1234, Doha, Qatar
关键词
Insolvency and Bankruptcy Code; Financial dependence; Industry; Labour regime; REFORM; FIRMS; INDIA; REGULATIONS; ENFORCEMENT; IMPACT; COSTS; LAW;
D O I
10.1007/s40847-023-00244-1
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Using 3-digit industry data at the state-level during 2009-2018, the paper assesses the impact of the Insolvency and Bankruptcy Code (IBC) on growth across industries with varying degrees of financial dependence. The findings show that IBC positively impacted industry growth, although this occurred by altering the capital-labour mix in favour of the latter. Robustness tests across industry type and state labour regimes support these findings.
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页码:277 / 292
页数:16
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