How Efficiently is Capital Allocated? Evidence from the Knitted Garment Industry in Tirupur
研究印度蒂鲁布尔针织服装行业中，不同社群身份对企业投资行为的影响，发现两个社群在资本存量和资本强度上存在巨大且系统的差异，且这种差异不能仅由生产率差异解释，更可能与资本获取渠道不同有关。
This paper studies the effect of community identity on investment behaviour in the knitted garment industry in the South Indian town of Tirupur. We document very large and systematic differences in both levels of capital stock and the capital intensity of production in firms owned by people from two different community groups. We argue that the differences in investment cannot be explained by productivity differences alone. We suggest that the most likely explanation is that the two communities differ in their access to capital. Copyright 2004, Wiley-Blackwell.