It is generally believed that the structural reforms that usher in competition and force companies to become more efficient were introduced later in India following the macroeconomic crisis in 1991. However, whether the post-1991 growth is an outcome of more efficient use of resources or greater...

The principle challenge before a creating country is to cultivate sustainable development. For development or its recuperation, the country's gainful limit should be reinforced and extended. The accomplishment of monetary advancement depends basically on the degree of assembly of assets and...

Banks are found to have substantially lower average efficiency than indicated by previous studies. Efficiency is determined by sample size, the number of inputs and outputs of the model, the choice of input and outputs and the degree of homogeneity of the sample. Homogeneity appears to be one of...

The paper aims to: a) estimate the research efficiency scores of Higher Educational Institutions (HEIs) in India, b) compare efficiencies in research and teaching according to characteristics like ownership, specialisation of courses and age and c) estimate the group efficiencies of HEIs...

We are living in an era of unprecedented technological change. Contrary to popular sentiment, the disruption unleashed by these advancements has spread well beyond Silicon Valley startups and FAANG stocks – and will dramatically reshape almost every industry in the global economy. The...

India adopted a Cap and Trade in energy intensity via a scheme called Perform-Achieve-Trade (PAT) with the objective to improve energy efficiency of the high energy intensive industries through target setting and tradable energy saving certificates. The scheme was announced in 2007 and the first...

When individuals in a social network learn about an unknown state from private signals and neighbors’ actions, the network structure often causes information loss. We consider rational agents and Gaussian signals in the canonical sequential social-learning problem and ask how the network...

Characteristics of companies associated with climate change predict excess equity returns. We show that firms with lower carbon emission intensities—with carbon emissions being a key component of the Paris Accord—have high excess returns. We present evidence that firms with lower carbon...