Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected return investments. To explore this possibility, I develop a theory that...

In the U.S., manufacturing plants grow or die. In contrast, surviving Indian plants exhibit little growth in terms of either employment or output. Indian plants start smaller and stay smaller. Most Indian manufacturing employment is at informal plants with fewer than 10 workers. In the U.S. most...

This article evaluates the role that governance, management information systems (MIS), risk management procedures, and lending methodologies play in different scenarios, with emphasis on their interaction with external factors like market saturation levels and MFI growth rates. We use consistent...

This paper studies the health effects of one of the world's largest demand-side financial incentive programes - India's Janani Suraksha Yojana. Our difference-in-difference estimates exploit heterogeneity in the timing of the introduction of the financial incentive programs across districts. We...

We present an introductory regulatory and empirical analysis of executive compensation in listed companies in India.Our descriptive overview of levels and trends leads to several interesting conclusions. First, executive pay in the echelon representing the largest firms is several times greater...

While there are many evidences of nonlinearity in developed markets, there has not been many works in this direction in Indian financial markets. In this study we wish to bridge this gap by testing for nonlinearity in the Indian stock and commodity market. We consider the index movements in...

This article highlights the burgeoning significance of Islamic Banking system worldwide which has believed to reach a global investment of $ 1 trillion. Iran, Sudan and Pakistan have Islamic Banks exclusively, whereas, the eastern countries like Malaysia and western markets in United Kingdom,...

This report, based on a sample of 20 Gram Panchayats (GP) in Birbhum district, West Bengal (India), is an attempt to analyze GP level finances. More specifically, the report attempts to answer the following questions: 1) Do GP get their money? 2) Do GPs get all their money? 3) When do GPs...

The post WTO world trading system is witnessing proliferation of large number of Regional Trade Agreements (RTAs). The slow pace of multilateral negotiations and lack of consensus among members on major trade issues is undermining the role of WTO and hastening the regionalism process. Realising...

The Information Technology Sector is probably the most booming sector in the world at present. This revolution in the market is attributable to a great extent to the increasing use of computer driven softwares and other innovations in the field of intellectual property. This massive progression...