Due to a legal challenge, there was a staggered introduction of fast track debt recovery tribunals (DRTs) across the states of India in the 1990s. Exploiting this plausibly exogenous variation in the efficiency of debt contract enforcement and using detailed information on product lines produced...

Business education around the globe is similar in one aspect that it needs to track the economic developments and train the students with the latest models of operations. The serious faces of the education institutions come only from the high standards of the research and percolation of the same...