Investments by firms and the role of bank ownership

Abstract

This project examines the role played by banks, particularly the ownership of banks, on the investments by firms. Specifically, this project examine: (1) whether the ownership of banks, i.e., whether the firm’s bank is a public sector banks, private, or foreign owned bank, impacts the investment decisions of the firms, and (2) examine the impact of expansionary and recessionary phases of the economy