Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/208659
Authors: 
Sasidharan, Subash
Padmaja, M.
Year of Publication: 
2016
Series/Report no.: 
Copenhagen Discussion Papers No. 2016-61
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.
Subjects: 
Financing constraints
Outward FDI
Total factor productivity
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/
Document Type: 
Working Paper

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