Impact on Financialisation on Accumulation: Evidence from India

The paper adds to the literature on financialisation with firm‐level evidence from India, an emerging market in the growth phase, when capital accumulation is likely to be important. I use a broader definition of financialisation to add on to the investment function developed by Orhangazi (2008, Cambridge Journal of Economics , 32 , 863). Empirically the above specification is tested for two samples of Indian non‐financial firms for the study....