Purpose – The purpose of this paper is to examine the impact of partial privatization on performance of state‐owned banks using data from the Indian banking industry during the period 1986‐2003, and test the hypothesis that privatization leads to improvement in performance even when the...

The paper assembles data on over 1,000 manufacturing and services firms in India for the entire post-reform period from 1992 through 2002 to examine the association between corporate governance and monetary policy. The findings suggests that (a) public firms are relatively more responsive to a...

This study investigates the role of industry level factors in determining merger activity in an emerging economy. The study uses information from India, which has witnessed acceleration in merger activity subsequent to recent economic reforms. Departing from the existing literature, we proxy...

This study investigates the role of industry level factors in determining merger activity in an emerging economy. The study uses information from India, which has witnessed acceleration in merger activity subsequent to recent economic reforms. Departing from the existing literature, we proxy...

Purpose – The purpose of this paper is to examine the impact of partial privatization on performance of state-owned banks using data from the Indian banking industry during the period 1986-2003, and test the hypothesis that privatization leads to improvement in performance even when the...

This paper examines two important issues related to bank mergers in India. First, we estimate potential economic gains of state-owned banks from consolidation. Scale economies, returns to scale and profit efficiency of state-owned banks during 1986 to 2007 are estimated based on stochastic...