All Outputs (3)

Corporate cash holdings: causes and consequences (2015)
Journal Article
Amess, K., Banerji, S., & Lampousis, A. (2015). Corporate cash holdings: causes and consequences. International Review of Financial Analysis, 42, https://doi.org/10.1016/j.irfa.2015.09.007

The considerable growth in corporate cash holdings around the world has prompted scholarly interest. Consequently, there is now a large academic literature examining cash holdings and their impact on corporate outcomes and firm values. This article r... Read More about Corporate cash holdings: causes and consequences.

Monitoring costs, credit constraints and entrepreneurship (2015)
Journal Article
Banerji, S., Raj, R. S., & Sen, K. (2016). Monitoring costs, credit constraints and entrepreneurship. Manchester School, 84(5), https://doi.org/10.1111/manc.12122

Access to finance is seen as a binding constraint on the growth of household enterprises in developing countries. We develop a principal-agent model of a household enterprise and show that limited access to finance and monitoring costs constrain the... Read More about Monitoring costs, credit constraints and entrepreneurship.

Borrower's moral hazard, risk premium, and welfare: a comparison of universal and stand-alone banking systems (2015)
Journal Article
Banerji, S., & Basu, P. (in press). Borrower's moral hazard, risk premium, and welfare: a comparison of universal and stand-alone banking systems. Journal of Economic Asymmetries, 12(1), https://doi.org/10.1016/j.jeca.2015.01.003

Does the unification of retail and investment banking necessarily heighten risk in financial markets? Using a simple two period intertemporal model with borrower's moral hazard and uninsured risk, we argue that the integration in financial service ma... Read More about Borrower's moral hazard, risk premium, and welfare: a comparison of universal and stand-alone banking systems.