The paper titled, ‘Borrowing from government-owned banks & firm's liquidation risk’, offers a corporate finance perspective behind the build-up of non-performing assets (NPAs) in government-owned banks
12 July, 2021, Bengaluru: A paper titled, ‘Borrowing from government-owned banks & firm's liquidation risk’, authored by Ankitkumar Kariya, a doctoral scholar from IIM Bangalore, has been published in the Journal of Corporate Finance (JCF). JCF aims to publish high quality, original manuscripts or shorter format papers in both theoretical and empirical corporate finance.
The paper offers a corporate finance perspective behind the build-up of non-performing assets (NPAs) in government-owned banks. Government-owned banks have other explicit or implicit objectives apart from profit maximization. The paper argues these other objectives of government-owned banks constrain them in contract enforcement and reduce liquidation risk for borrowers. It provides suggestive evidence in support of this argument.
See details here:
https://www.sciencedirect.com/science
Congratulating Ankit on his achievement, Prof. Haritha Saranga, Chairperson, Doctor of Philosophy (PhD) at IIMB, said: “It is a remarkable feat indeed and we are really proud of the achievement based on your work at IIMB.”
Prof. M Jayadev, faculty in the Finance and Accounting area of IIMB, also lauded Ankit for his remarkable achievement adding that he wished Ankit many more scholarly publications.