Books & Journal Papers

Books & Journal Papers
Papers in Edited Volumes & Other
Working Papers & Work in Progress
Teaching & Training
Projects & Consultancy
Awards, Visiting Positions, Keynote Speeches etc.
Media presence

Doctoral dissertation

Food-feed competition, income distribution and welfare immiserization: A simulation analysis and the empirical evidence
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Research monograph/Book


[Google Scholar Citations = 3159; Scopus Citations = 1030]

Note: Working paper and pre-print versions of some of the published papers are available online and can be easily found using Google Scholar search.


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). European Journal of Finance (forthcoming).


Is Tinkering with Institutional Quality a Panacea for Firm Performance? Insights from a Semiparametric Approach to Modelling Firm Performance (with R. Dimova, S.C. Kumbhakar and K. Sun). Review of Development Economics, 22(1): 1-22, 2018.

Ownership Identity, Strategy and Performance: Business Group Affiliates versus Independent Firms in India (with S. Estrin and T. Mickiewicz). Asia Pacific Journal of Management, 34(2): 281-311, 2017.


A Strategic Perspective of Cross-listing by Emerging Market Firms: Evidence from Indonesia, Mexico, Poland and South Africa (with Y. Temouri and N.L. Driffield). Journal of International Management, 22(3): 265-279, 2016.


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.


Is Women's Ownership of Land a Panacea in Developing Countries? Evidence from Land-owning Farm Households in Malawi (with R. Dimova and I.N. Gang). Journal of Development Studies, 52(2): 242-253, 2016.

Country Specific Advantage, Firm Specific Advantage and Multinationality - Sources of Competitive Advantage in Emerging Markets: Evidence from the Electronics Industry in China (with N.L. Driffield and Y. Zhou). International Business Review, 25(1A): 165-176, 2016. 


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.


What do We Know About Entrepreneurial Finance and its Relationship with Growth? (with S. Fraser and M. Wright). International Small Business Journal, 33(1): 70-88, 2015.


Good and Bad Institutions -- Is the Debate Over? Cross-country Firm-Level Evidence from the Textile Industry (with R. Dimova). Cambridge Journal of Economics, 38(1): 109-126, 2014.

Directional Mobility of Debt Ratings (with J. Landon-Lane). Borsa Istanbul Review, 13(4): 67-78, 2013.


Does Human Capital Endowment of FDI Recipient Countries Really Matter? Evidence from Cross-country Firm Level Data (with R. Dimova). Review of Development Economics, 17(3): 559-570, 2013.


Bio-fuel Subsidies and International Trade (with S. Bandyopadhyay and H. Wall). Economics & Politics, 25(2): 181-199, 2013.

Does Ownership Concentration Improve M&A Outcomes in Emerging Markets? Evidence from India
 (with E. Selarka). Journal of Corporate Finance, 18(4): 717-726, 2012.

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.

Whither Human Capital? The Woeful Tale of Transition to Tertiary Education in India (with M. Chakrabarty). Applied Economics Letters, 19(9): 835-838, 2012.

Real Options and Demographic Decisions: Evidence from East and West Germany (with J.B. Nugent). Applied Economics, 43(21): 2739-2749, 2011.

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

Off-farm Labour Supply and Labour Markets in Rapidly Changing Circumstances: Bulgaria during Transition
(with R. Dimova and J.B. Nugent). Economic Systems, 35(3): 378-389, 2011.

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.

China's Economic Cooperation Related Investment: An Investigation of its Direction and Some Implications for Outward Investment
 (with C.Y. Co). China Economic Review, 22(1): 75-87, 2011.

'Family' Ownership, Tunnelling and Earnings Management: A Review of the Literature (with A. Gregoriou). Journal of Economic Surveys, 24(4): 705-730, 2010.

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.

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.

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.

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.


Economic Reforms as a Tool to Attract Foreign Direct Investment: Is it a Chimera? (with R. Dimova). Applied Economics Letters, 16(9): 951-957, 2009.

Rationality as a Barrier to Peace: Micro-evidence from Kosovo (with I.N. Gang and M.S. Yun). Comparative Economic Studies, 51(2): 242-264, 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.

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

Institutions, Resources, and Entry Strategies in Emerging Economies (with S. Estrin, K.E. Meyer and M. Peng). Strategic Management Journal, 30(1): 61-80, 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.

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.

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.

How Transition Paths Differ: Enterprise Performance in Russia and China (with S. Estrin). Journal of Development Economics, 82(2): 374-392, 2007.

Determinants of Employment Growth at MNEs: Evidence from Egypt, India, South Africa and Vietnam
(with S. Estrin and K.E. Meyer). Comparative Economic Studies, 49(1): 61-80, 2007.

Ethnic Conflict and Economic Disparity: Serbians and Albanians in Kosovo (with I.N. Gang and M.S. Yun). Journal of Comparative Economics, 34(4): 754-773, 2006.

A Note on Poverty in Kosovo
(with I.N. Gang and M.S. Yun). Journal of International Development, 18(8): 1177-1187, 2006.

Does the World Bank have any Impact on Human Development in the Poorest Countries? Some Preliminary Evidence from Africa. Economic Systems, 29(4): 422-432, 2005.

Determinants of MNCs' Mode of Entry into an Emerging Market: Evidence from Egypt and South Africa (with S. Gelb). Emerging Market Finance and Trade, 41(2): 5-24, 2005.

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 Econometrics of Yield Spreads in the Money Market: A Note (with D. Coondoo). Applied Financial Economics, 13(9): 645-653, 2003.


An Analysis of Food Demand in Peru: Implications for Food-Feed Competition (with J.B. Nugent). Review of Development Economics, 3(3):242-257, 1999.

Does Ownership Always Matter?: Evidence from the Indian Banking Secto
r (with J. Sarkar and S. Sarkar). Journal of Comparative Economics, 26(2): 262-281, 1998.