All Outputs (2)

Political connections, bailout in financial markets and firm value (2016)
Journal Article
Banerji, S., Duygun, M., & Shaban, M. (2018). Political connections, bailout in financial markets and firm value. Journal of Corporate Finance, 50, 388-401. https://doi.org/10.1016/j.jcorpfin.2016.12.001

The paper shows that politically motivated interventions in the financial market in the form of bailing out borrowing firms reduce banks’ incentives to gather valuable information about firms’ projects. This loss of information is a hidden cost which... Read More about Political connections, bailout in financial markets and firm value.

Universal banking, asymmetric information and the stock market (2016)
Journal Article
Banerji, S., & Basu, P. (2017). Universal banking, asymmetric information and the stock market. Economic Modelling, 60, https://doi.org/10.1016/j.econmod.2016.09.009

This paper aims to explore the role of the universal banking system in contributing to the stock market bust in the wake of the financial crisis 2008–2009 when bankers might have incentive to hide information from shareholders. We set up a stylized m... Read More about Universal banking, asymmetric information and the stock market.