Papers on India

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Banking and financial sectors

 

How Successful are Banking Sector Reforms in Emerging Market Economies? Evidence from the Impact of Monetary on Levels and Structure of Firm Debt in India (with A. Kutan and S. Majumdar). Discussion paper no. 9992, IZA-Bonn, June 2016.
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The Informative Role of Trading Volume in an Expanding Spot and Futures Market (with A. Kartsaklas and M. Karanasos). Journal of Multinational Financial Management, 34: 24-40, 2016.

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A Semiparametric Approach to Estimating Financing Constraints in Firms (with S.C. Kumbhakar and K. Sun), European Journal of Finance, 21(12): 992-1004, 2015.
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A Stochastic Frontier Approach to Modelling Financial Constraints in Firms: An Application to India (with P. Das and S.C. Kumbhakar). Journal of Banking and Finance, 36(5): 1311-1319, 2012.
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Implications of Bank Ownership for the Credit Channel of Monetary Policy Transmission: Evidence from India (from V. Dang and A. Kutan). Journal of Banking and Finance, 35(9): 2418-2428, 2011.
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Stock Market Volatility and Market Risk in Emerging Markets: Evidence from India (with S. Bose and R. Sensarma). In: G.N. Gregoriou (Ed.) Stock Market Volatility, Chapman Hall-CRC/Taylor and Francis, London, 2009. BOOK


Impact of Derivatives Trading on Emerging Stock Markets: Some Evidence from India (with S. Bose). Comparative Economic Studies, 51(1): 118-137, 2009.

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Interaction Between Formal and Informal Sector Credit: New Evidence from India. Applied Economics Letters, 15(7): 527-531, 2008.

 

Does Lending Behaviour of Banks in Emerging Economies Vary by Ownership? Evidence from the Indian Banking Sector (with J. Piesse). Economic Systems, 32(2): 177-196, 2008.

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How Important is Ownership in a Market with a Level Playing Field: The Indian Banking Sector Revisited (with R. Dimova). Journal of Comparative Economics, 32(1): 165-180, 2004.

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The Emerging Indian Bond Market: Evolution, Problems and Prospects (with S. Bose and D. Coondoo). Journal of Global Financial Markets, Spring 2003, 33-43.
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The Indian Banking Industry: A Commentary (with P. Mukherjee). In: P. Banerjee and F.J. Richter (eds.) Economic Institutions in India: Sustainability Under Liberalization and Globalization, Palgrave Macmillan, London, 2002.
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Does Ownership Always Matter?: Evidence from the Indian Banking Sector (with J. Sarkar and S. Sarkar). Journal of Comparative Economics, 26(2): 262-281, 1998. 


Deregulation and the Limits to Banking Market Competition: Some Insights from India (with J. Sarkar). International Journal of Development Banking, 16(2): 29-42, 1998.

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Corporate governance

 

Ownership Identity, Strategy and Performance: Business Group Affiliates versus Independent Firms in India (with S. Estrin and T. Mickiewicz). Asia Pacific Journal of Management (forthcoming). 

 

Do Business Groups Help or Hinder Technological Progress in Emerging Markets? Evidence from India (with Y. Zhou). Discussion paper no. 7885, IZA-Bonn, January 2014.

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Does Ownership Concentration Improve M&A Outcomes in Emerging Markets? Evidence from India (with E. Selarka). Journal of Corporate Finance, 18: 717-726, 2012.
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Assessing the Climate for Enterprise Risk Management in India (with E.S. Hexter and M. Tonello). Report number E-0016-08-RR, The Conference Board, New York.  REPORT

 

 

Inward and outward FDI

 

Future Outlook for Indian Multinationals. In: M. Thite, A. Wilkinson and P. Budhwars (Eds.) Indian Multinationals: Taking India to the World, Oxford University Press, New Delhi, 2016.  

 

Direction of Outward FDI of EMNEs: Evidence from the Indian Pharmaceutical Sector (with N. Driffield). Thunderbird International Business Review, 53(5): 615-628, 2011.

Does Ownership Structure of Emerging Market Firms Affect Their Outward FDI? The Case of Indian Automotive and Pharmaceutical Sectors (with N. Driffield and S. Pal). Journal of International Business Studies, 41: 437-450, 2010.

 

Foreign Direct Investment in India (with P.L. Beena et al.). In: S. Estrin and K.E. Meyer (eds.) Investment Strategies in Emerging Markets, Edward Elgar, Cheltenham, 2004. BOOK
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Determinants of MNCs' Entry Modes into Emerging Markets: Some Evidence from India. ICRA's Bulletin - Money & Finance, February-July: 35-53, 2004.

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Industrial policy and reforms

 

Is the Post-reform Growth of the Indian Manufacturing Sector Efficiency Driven? Empirical Evidence from Plant Level Data (with S. Kumbhakar). Journal of Asian Economics, 21(2): 219-232, 2010.

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Reforms and Entry: Some Evidence from the Indian Manufacturing Sector (with S. Gangopadhyay and S. Krishnan). Review of Development Economics, 13(4): 658-672, 2009.

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Policy, Economic Federalism, and Product Market Entry: The Indian Experience (with S. Gangopadhyay and S. Krishnan). European Journal of Development Research, 20(1): 1-30, 2008.

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Entry, Reforms Complementarity and Performance: A Tale of Two Indian Manufacturing Sectors (with S. Gangopadhyay and S. Krishnan). Economic Systems, 31(4): 375-390, 2007.



Labour market

 

Educational Attainment in India: What Drives Transition? (with M. Chakrabarty). ICRA's Bulletin - Money & Finance, February: 95-112, 2013.
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Whither Human Capital? The Woeful Tale of Transition to Tertiary Education in India (with M. Chakrabarty). Applied Economics Letters, 19(9): 835-838, 2012.

Earnings Inequality in India: Has the Rise of Caste and Religion Based Politics in India had an Impact? (with M. Chakrabarty). In: A. Shariff and R. Basant (Eds.) Handbook of Muslims in India, Oxford University Press, New Delhi, 2009. BOOK

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Earnings Differerences between Chinese and Indian Wage Earners, 1987-2004 (with O. Bargain, M. Chakrabarty and Z. Zhao). Review of Income and Wealth, 55: 562-587, 2009.

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Is Education the Panacea for Economic Deprivation of Muslims? Evidence from Wage Earners in India, 1987-2004 (with M. Chakrabarty). Journal of Asian Economics, 20(2): 137-149, 2009.
 

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Does Move to Market have an Impact on Earnings Gap across Gender? Some Evidence from India (with M. Chakrabarty). Applied Economics Letters, 15(8): 601-605, 2008.