01990nam a2200277 a 450000500170000000700150001700800410003201000170007304000230009005000170011308200250013024500590015526000420021430000200025649000420027650000480031850400410036652010550040753000290146253800470149153800360153865000420157470000270161671000160164383000530165920181210070828.0cr |||||||||||060825s2006    dcu     sb   i000 0 eng    a  2006618413  aDLCcDLCdBD-DhBPA00aHG3881.5.W57  a338.70954	bFIN 200600aFinancing firms in IndiacFranklin Allen ... [et al.].  aWashington, D.C. :bWorld Bank,c2006  a67 p. ;c23 cm.1 aPolicy research working paper ;v3975  aTitle from PDF file as viewed on 8/25/2006.  aIncludes bibliographical references.3 a"The authors examine the legal and business environments, financing channels, and governance mechanisms of various types of firms in India and compare them to those from other countries.  Despite its English commonlaw origin, strong legal protection provided by the law, and a democratic government, corruption within India's legal system and government significantly weakens investor protection in practice.  External financing of firms has been dominated by nonmarket sources of financing, while the characteristics of listed firms are similar to those from countries with weak investor protection.  The evidence, including results based on a survey of small and medium-scale private firms, shows that alternative financing channels provide the most important source of funds.  The authors also find that informal governance mechanisms, such as those based on reputation, trust, and relationships are more important than formal mechanisms (such as courts) in resolving disputes, overcoming corruption, and supporting growth. "--World Bank web site.  aAlso available in print.  aSystem requirements: Adobe Acrobat Reader.  aMode of access: World Wide Web. 0aBusiness enterpriseszIndiaxFinance.1 aAllen, Franklind1956-2 aWorld Bank. 0aPolicy research working papers (Online) ;v3975.