Research

Financial Reporting Regulation, Markup, and Welfare.

Financial reporting regulation affects welfare by redistributing market power, productivity, and labor from young to mature firms, ultimately reducing misallocation and improving total factor productivity and aggregate output.

Banking on Trust: Supervisory Transparency in Developing Economies, with Abhiman Das and Rimmy E. Tomy.

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Low trust in public institutions amplifies depositor withdrawals and weakens credit access and economic activity following bank supervisory penalties in India, highlighting the critical role of institutional trust in financial stability and economic activity. 

Featured in Chicago Booth Review Report

Natural Disasters, Interest Rates Dynamics, and Economic Activities, with Abhiman Das and Sumit Saurav.

Natural disasters in India increase loan interest rates, tighten credit, and dampen economic and innovation activity driven by elevated borrowing costs in affected regions for years. 

Household Income Shocks, Demand for Deposits, and Real Activities, with Abhiman Das.

Household income shocks affect deposit demand in India, finding that negative shocks reduce deposits and lending, contracting regional economic activity, while positive shocks prompt portfolio shifts toward real assets and riskier investments. 

Mind the Gap: Gender Disparity in Depositor Responses to Bank Regulatory Actions, with Abhiman Das and Rimmy E. Tomy.

Gender dynamics and control over household finances drive how depositors in India respond to bank regulatory penalties, with women in matrilineal societies more likely to withdraw their funds.

Does Market Power Breed Inefficiency? Evidence from Firm-Level Inventory Dynamics,  with Anisha Shukla.

When competition vanishes, managers relax: Market power breeds operational slack, causing firms with high markups to exhibit slower inventory turnover, with this inefficiency being amplified by weak corporate governance structures and poor CEO incentives. 

Relational Resilience: Does Employee Gender Composition Buffer Deposit Demand Irregularities?, with Abhiman Das. 

Female employee composition in bank branches helps stabilize deposits during localized economic shocks, offering a novel frontline employee channel to relational resilience. 

Import Competition, Myopic Management, and Long-Term Implications: Evidence from Discretionary Marketing Investments.

Rising import competition pressures US manufacturing firms to prioritize short-term gains through myopic marketing and R&D, boosting short-term performance but risking long-term market power and competitiveness. 

When the Bullet Hits the Chain: The Ripple Effects of Sentimental Shocks on Supply Chains, with Adityava Mazumder