Privatization in India is mostly limited to the diffuse sale of minority stakes in firms. Since control rights have not been transferred to private owners it is widely contended that the process has had little impact on firm behavior. We find however that even the sale of minority stakes has a...

We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the...

Inward FDI flows over 2000-01 from many source countries into India, one of the fastest growing large developing economies in the period, have been explained by an extended gravity model and the an extended allometric models by incorporating other variables such as common language, tax status,...

We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the...

This paper asks whether and why advanced countries differ in their ability to export to China and India. We exploit a newly collected, comparable cross-country survey of 15,000 European manufacturing firms (EFIGE). The dataset contains information on firms’ international activities and...

India has witnessed significant change and dramatic shift in its economic and business environment over the last six decades. Its’ economy has become more open, liberalized and globalized from restrictive era of 1960’s and 1970’s. The relationship between state and business has also...

This paper studies the differential effect of a major political regime change in India on firm outcomes in different parts of the country, depending upon the relative number of elected representatives of the new ruling political party. It tests the hypothesis that BJP coming to power in the...

Firms establish political connections when they either donate money to the political parties or appoint politicians on the board of directors of the company. These political connections are found to facilitate access to credit, among various other things. Creating a new and unique dataset of...

Corporate Governance practices of MFIs (Microfinance Institutions) across different economies have been known to affect the firm performance. This study explores the practices and key board features (Audit Committees, Independent Directors, International Directors, CEO-Board Chairman duality,...