Research

Published and Accepted Papers

Managerial Compensation in Multi-Division Firms (2018), co-authored with Radha Gopalan, Management Science, 64 (6), 2856-2874.

Do Fund Managers Misestimate Climatic Disaster Risk? (2020), co-authored with Nitin Kumar and Russ Wermers, Review of Financial Studies, 33 (3), 1146–1183  

Politics, State Ownership, and Corporate Investments (2020),  co-authored with Meghana Ayyagari, Review of Financial Studies, 33 (7), 3031-3087

In Media: Economic Times

Government Employment Guarantee, Labor Supply and Firms’ Reaction: Evidence from the largest Public Workfare Program in the World (2021), co-authored with Sumit AgarwalYakshup Chopra, and Prasanna TantriJournal of Financial and Quantitative Analysis, 56(2), 409-442 (Cited by the Indian Economic Survey 2018-19)

In Media: Economic Times, Times of India, Quartz India

Creditor Rights, Threat of Liquidation, and Labor-Capital Choice of Firms  (2022), co-authored with  Ritam Chaurey and Vasudha Nukala, Journal of Law and Economics, 65(4), 687-714.

In Media: Oxford Business Law Blog

Does Strengthening the Property Rights of Employee Inventors Spur Innovation? Empirical Evidence on “Freedom to Create” Laws Passed by U.S. States (2023), co-authored with Krishnamurthy Subramanian, Journal of Law and Economics, 66(2), 369-408 

Financial Inclusion and Alternate Credit Scoring for the Millennials: Role of Big Data and Machine Learning in Fintech, co-authored with Sumit Agarwal, Pulak Ghosh, and Sudip Gupta, Journal of Money, Credit, and Banking (Forthcoming) (Cited by the World Bank Development Report 2022)



Working Papers

Banking the Unbanked: What Do 280 Million New Bank Accounts Reveal about Financial Access? co-authored with Sumit Agarwal, Pulak Ghosh, Saumya Ghosh, Tomasz Piskorski, and Amit Seru (Cited By Reserve Bank of India's Household Finance Committee Report, 2017 and  the NITI Aayog’s Report titled, “Strategy for New India@75", 2018)

In Media: Economic Times, Times of India, World Bank Blog


Why do financially unconstrained individuals respond to higher credit limits? , co-authored with Sumit Agarwal, Pulak Ghosh, and Xiyaou Zhang  (Presented at Southwest University of Finance and Economics (2021), Nankai University (2021), CICM conference (2022), Asian Finance Association Conference (2022), AEA (2023))


Transportation Technology, Residential Real Estate, and Gentrification: Evidence from the entry of Rideshare services, co-authored with Sumit Agarwal, Sergio Correia, Deepa Mani, and Bernardo Morais (Presented at Federal Reserve Board (2023) and the New York Fed (2024))


Open Banking and Digital Payments: Implications for Credit Access,  co-authored with Pulak Ghosh, Nirupama Kulkarni, and Manju Puri (Updated draft coming soon) (Presented at the Indian Institute of Management, Bangalore, the Institute for Economic Growth, Delhi, the National University of Singapore, the Federal Deposit Insurance Corporation, the Federal Reserve Board of Governors, the American University, George Mason University, the University of California, Berkeley, the University of Texas, Austin, the University of Texas, Dallas, and the World Bank (2024))

Economic Policy Uncertainty and Global Portfolio Allocations, co-authored with Apoorva Javadekar, Nitin Kumar, and Russ Wermers  (Presented at American Finance Association Annual Meetings (2023),  the Swedish House of Finance Annual Conference (2023), University of Maryland (2024), the Northern Finance Association Annual Meetings (2024) )


Government ownership or Quid Pro Quo? What Causes Political Capture of Banks, co-authored with Nithin Mannil and Prasanna Tantri (Updated draft coming soon)


Impact of GST on Corporate Tax Evasion: Evidence from Indian Tax Records, co-authored with Sumit Agarwal, Shiv Dixit, and Tejasvi Velayudhan (Scheduled for American Economic Association Annual Meetings (2023), NBER-ISB Meeting (2023))

What do ESG funds deliver?,  co-authored with Nishant Kashyap and Nitin Kumar

Investor Reaction to Hypothetical Disclosure in Earnings Calls, co-authored with Nitin Kumar and Sudhir Voleti