We examine the impact of institutional quality on early stage and formal entrepreneurial activity and on knowledge spillovers. We use four institutional variables – the protection of property rights, business freedom, financial depth, and corruption as proxies for institutional quality....

This paper critically evaluates the performance of Indian banks by examining quantitative data on bank profitability and risk subsequent to the market-oriented reforms in 1991. A bank transparency indicator is also constructed to appraise the performance of Indian banks with respect to the...