Papers on India

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Banking and financial sectors

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.


The Impact of Derivatives Trading on the Volume-Volatility Link: Evidence from the Indian Stock Market
(with M. Karanasos and A. Kartsaklas). Working paper no. 935, William Davidson Institute, University of Michigan, Ann Arbor, April 2008.

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.

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.

 

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. BOOK

 

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.



Corporate governance


Impact of M&A on Firm Performance in India: Implications for Concentration of Ownership and Insider Entrenchment (with E. Selarka). Working paper no. 907, William Davidson Institute, University of Michigan, Ann Arbor, February 2008.


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


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 (forthcoming), 2009.


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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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 (forthcoming).


Entry, Reforms and Productivity: 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.

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


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 (forthcoming), 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.

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. 

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.