Employing data for 2001–2012, the article analyzes the factors impacting the wealth of Indian billionaires and the performance and innovative activity of firms which these billionaires represent. The analysis indicates that billionaires in rent-thick sectors have higher wealth levels, on average. As well, the evidence also supports lower wealth for self-made and entrepreneurial billionaires. The findings also reveal that self-interested actions by billionaires tend to raise agency costs, which, in turn, dampens profitability and firm value. Finally, there is evidence which suggests a tendency on the part of billionaires to block innovative activity. JEL Classification: D31, N35, P52

中文翻译：

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亿万富翁的财富，企业绩效与金融危机：对印度的一项实证分析

本文使用2001-2012年的数据，分析了影响印度亿万富翁财富以及这些亿万富翁所代表的公司的绩效和创新活动的因素。分析表明，在租金较高的行业中，亿万富翁的平均财富水平更高。同样，证据也支持白手起家和企业家的亿万富翁的财富减少。研究结果还表明，亿万富翁的自私行为往往会增加代理成本，从而削弱盈利能力和企业价值。最后，有证据表明，亿万富翁倾向于阻止创新活动。JEL分类：D31，N35，P52