We examine the effect of maintaining exclusive relationships with Government Owned Banks (GOBs) on real investment by publicly traded companies in India. Firms that maintain such exclusive relationships have an investment cash flow sensitivity that is almost 30% lower relative to other firms....

Do the legal rights of creditors influence whether firms borrow from arm's length or relationship lenders in a country? We examine this question by exploiting the staggered adoption of legal reforms that changed creditor rights. We find that as creditor rights strengthen, firms exhibit a greater...

We examine the effect of a firm’s political risk on its customer concentration. Using firm-level political risk measures, we find that suppliers' political risk leads to lower customer concentration. Firms with higher default risk, higher volatility, less differentiated products as well as...

We report on experimental markets for a contingent claim asset that eight subjects traded for nine periods before the state was revealed. There is an informative binary signal that arrives after each of the first eight trading rounds. In our baseline treatment the realization of the signal is...

A Framework for Business Anayltics -- Analytics Domain Context -- Decision Framing: Defining the Decision Need -- Decision Modeling -- Decision Making -- Decision Execution -- Business Intelligence -- Data Stewardship: Can We Use the Data? -- Making Organizations Smarter -- Building the...