Semantic Scholar Open Access 2002 1678 sitasi

Ferreting out Tunneling: An Application to Indian Business Groups

Marianne Bertrand Paras Mehta S. Mullainathan

Lihat Sumber DOI

Abstrak

In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature. This paper develops a general empirical technique for quantifying tunneling. We use the responses of different firms to performance shocks to map out the flow of resources within a group of firms and to quantify the extent to which the marginal dollar is tunneled. We apply our technique to data on Indian business groups. The results suggest a significant amount of tunneling between firms in these groups.

Topik & Kata Kunci

Business Economics

Penulis (3)

Marianne Bertrand

Paras Mehta

S. Mullainathan

Format Sitasi

APA MLA BibTeX

Bertrand, M., Mehta, P., Mullainathan, S. (2002). Ferreting out Tunneling: An Application to Indian Business Groups. https://doi.org/10.2139/SSRN.246001

Akses Cepat

Lihat di Sumber doi.org/10.2139/SSRN.246001

Informasi Jurnal

Tahun Terbit: 2002
Bahasa: en
Total Sitasi: 1678×
Sumber Database: Semantic Scholar
DOI: 10.2139/SSRN.246001
Akses: Open Access ✓