000			02097nam a2200313 a 4500
005			20181210070828.0
007			cr |||||||||||
008			060825s2006 dcu sb i000 0 eng
010			_a 2006618413
040			_aDLC _cDLC _dBD-DhBPA
050	0	0	_aHG3881.5.W57
082			_a338.70954 _bFIN 2006
245	0	0	_aFinancing firms in India _cFranklin Allen ... [et al.].
260			_aWashington, D.C. : _bWorld Bank, _c2006
300			_a67 p. ; _c23 cm.
490	1		_aPolicy research working paper ; _v3975
500			_aTitle from PDF file as viewed on 8/25/2006.
504			_aIncludes bibliographical references.
520	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.
530			_aAlso available in print.
538			_aSystem requirements: Adobe Acrobat Reader.
538			_aMode of access: World Wide Web.
590			_aZahid
650		0	_aBusiness enterprises _zIndia _xFinance. _9108390
700	1		_aAllen, Franklin _d1956- _9108391
710	2		_aWorld Bank. _9108392
830		0	_aPolicy research working papers (Online) ; _v3975. _9108393
942			_2ddc _cBK
999			_c37704 _d37704