Sanjay Banerji

Sanjay Banerji is a Professor of Finance at Nottingham University.

Constraints and prospects of Financing via Municipal Bonds in India: An analysis with case Studies
In order to meet the challenges created by growing urbanisation, municipal corporations in India need to incur huge expenditure to support urban infrastructure in the coming decades.

A study on the impact of financial market reforms on investment, financing and governance structures of the publicly traded firms in India
This project empirically studies financial benefits of equity market integration at the firm level in emerging economies. It explores the unique setting of public firms cross-listing on a new domestic stock exchange, as a means to enhance their access to capital and overcome market frictions in previously fragmented equity markets.

Are small and medium enterprises constrained by the inability to raise funds from the equity markets? Evidence from the creation of a new platform in the Bombay Stock Exchange
Small and medium enterprises employ 40% of India’s workforce, and account for 45% of the manufacturing output and 40% of the total exports of the country. However, productivity in the sector is very low and it contributes only 17% to the GDP.

Financial Intermediation and Economic Growth in Bihar: A District-Level Analysis
The aim of the project was to assess the effectiveness of the banking sector's contribution to the overall development in Bihar. In a nutshell, the study tries to understand the efficiency of the banking sector in Bihar with regards to its ability to raise deposits and disburse funds to private sector in Bihar. The findings showed that there is a positive link between finance and development in agriculture sector in Bihar and therefore, easing government restrictions in the banking sector can aid the process of financial development in Bihar.
