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Professor Sumon Bhaumik

Professor in International Business & Economics and Head of Group

PhD, University of Southern California

Economics & Strategy Group

I am an economist by training, and have worked both within and outside of academics in Bulgaria, Germany, India and the United Kingdom. I joined Aston University in 2010. My research interests are wide ranging, and I am particularly interested in firm behaviour, credit markets and economic reforms in India.

Professor Sumon Bhaumik discusses his current research and the impact it has on society.
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Modules taught

Research interests

  • Banks and financial markets
  • Firm ownership and corporate governance
  • Multinational enterprises

 

  • Does Ownership Concentration Improve M&A Outcomes in Emerging Markets? Evidence from India (with E. Selarka). Journal of Corporate Finance, 18: 717-726, 2012

  • A Stochastic Frontier Approach to Modelling Financial Constraints in Firms: An Application to India (with P. Das and S.C. Kumbhakar). Journal of Banking and Finance, 36(5): 1311-1319, 2012

  • Implications of Bank Ownership for the Credit Channel of Monetary Policy Transmission: Evidence from India (from V. Dang and A. Kutan). Journal of Banking and Finance, 35(9): 2418-2428, 2011

  • Does Ownership Structure of Emerging Market Firms Affect Their Outward FDI? The Case of Indian Automotive and Pharmaceutical Sectors (with N. Driffield and S. Pal). Journal of International Business Studies, 41: 437-450, 2010

  • Institutions, Resources, and Entry Strategies in Emerging Economies (with S. Estrin, K.E. Meyer and M. Peng). Strategic Management Journal, 30(1): 61-80, 2009

  • How Transition Paths Differ: Enterprise Performance in Russia and China (with S. Estrin). Journal of Development Economics, 82(2): 374-392, 2007


  •  Outsourcing – How Much of It Do We Do, and What Impact Does It Have? Some Evidence from Germany (with C. Aubochon and S. Bandyopadhyay). Federal Reserve Bank of St. Louis Review (forthcoming)

  • Gender and ethnicity in post-conflict Kosovo (with I.N. Gang and M.S. Yun). In: W. Naudé, A.U. Santos-Paulino and M. McGillivray (Eds.) Fragile States: Causes, Costs, and Responses, Oxford University Press (forthcoming)

  • Does Ownership Concentration Improve M&A Outcomes in Emerging Markets? Evidence from India (with E. Selarka). Journal of Corporate Finance, 18: 717-726, 2012

  • A Stochastic Frontier Approach to Modelling Financial Constraints in Firms: An Application to India (with P. Das and S.C. Kumbhakar). Journal of Banking and Finance, 36(5): 1311-1319, 2012

  • Whither Human Capital? The Woeful Tale of Transition to Tertiary Education in India (with M. Chakrabarty). Applied Economics Letters, 19(9): 835-838, 2012  

  • Real Options and Demographic Decisions: Evidence from East and West Germany (with J.B. Nugent). Applied Economics, 43(21): 2739-2749, 2011 

  • Direction of Outward FDI of EMNEs: Evidence from the Indian Pharmaceutical Sector (with N. Driffield). Thunderbird International Business Review, 53(5): 615-628, 2011

  • Off-farm Labour Supply and Labour Markets in Rapidly Changing Circumstances: Bulgaria during Transition (with R. Dimova and J.B. Nugent). Economic Systems, 35(3): 378-389, 2011  

  • Implications of Bank Ownership for the Credit Channel of Monetary Policy Transmission: Evidence from India (from V. Dang and A. Kutan). Journal of Banking and Finance, 35(9): 2418-2428, 2011

  • China’s Economic Cooperation Related Investment: An Investigation of its Direction and Some Implications for Outward Investment (with C.Y. Co). China Economic Review, 22(1): 75-87, 2011

  • ‘Family’ Ownership, Tunnelling and Earnings Management: A Review of the Literature (with A. Gregoriou). Journal of Economic Surveys, 24(4): 705-730, 2010

  • Is the Post-reform Growth of the Indian Manufacturing Sector Efficiency Driven? Empirical Evidence from Plant Level Data (with S.C. Kumbhakar). Journal of Asian Economics, 21(2): 219-232, 2010

  • Does Ownership Structure of Emerging Market Firms Affect Their Outward FDI? The Case of Indian Automotive and Pharmaceutical Sectors (with N. Driffield and S. Pal). Journal of International Business Studies, 41: 437-450, 2010.

  • Reforms and Entry: Some Evidence from the Indian Manufacturing Sector (with S. Gangopadhyay and S. Krishnan). Review of Development Economics, 13(4): 658-672, 2009

  • Earnings Differences between Chinese and Indian Wage Earners, 1987–2004 (with O. Bargain, M.Chakrabarty and Z. Zhao). Review of Income and Wealth, 55: 562-587, 2009

  • Earnings Inequality in India: Has the Rise of Caste and Religion Based Politics in India had an Impact? (with M. Chakrabarty). In: A. Shariff and R. Basant (Eds.) Handbook of Muslims in India, Oxford University Press, New Delhi, 2009

  • Stock Market Volatility and Market Risk in Emerging Markets: Evidence from India (with S. Bose and R. Sensarma). In: G.N. Gregoriou (Ed.) Stock Market Volatility, Chapman Hall-CRC/Taylor and Francis, London, 2009

  • Economic Reforms as a Tool to Attract Foreign Direct Investment: Is it a Chimera? (with R. Dimova). Applied Economics Letters, 16(9): 951-957, 2009

  • Rationality as a Barrier to Peace: Micro-evidence from Kosovo (with I.N. Gang and M.S. Yun). Comparative Economic Studies, 51(2): 242-264, 2009

  • Is Education the Panacea for Economic Deprivation of Muslims? Evidence from Wage Earners in India, 1987-2004 (with M. Chakrabarty). Journal of Asian Economics, 20(2): 137-149, 2009

  • Impact of Derivatives Trading on Emerging Stock Markets: Some Evidence from India (with S. Bose). Comparative Economic Studies, 51(1): 118-137, 2009

  • Institutions, Resources and Entry Strategies in Emerging Economies (with S. Estrin, K.E. Meyer and M. Peng). Strategic Management Journal, 30(1): 61-80, 2009

  • Does Move to Market have an Impact on Earnings Gap across Gender? Some evidence from India (with M. Chakrabarty). Applied Economics Letters, 15(8): 601-605, 2008

  • Interaction between Formal and Informal Sector Credit: New Evidence from India. Applied Economics Letters, 15(7): 527-531, 2008

  • Does Lending Behaviour of Banks in Emerging Economies Vary by Ownership? Evidence from the Indian Banking Sector (with J. Piesse). Economic Systems, 32(2): 177-196, 2008

  • Policy, Economic Federalism, and Product Market Entry: The Indian Experience (with S. Gangopadhyay and S. Krishnan). European Journal of Development Research, 20(1): 1-30, 2008

  • Entry, Reforms Complementarity and Performance: A Tale of Two Indian Manufacturing Sectors (with S. Gangopadhyay and S. Krishnan). Economic Systems, 31(4): 375-390, 2007

  • How Transition Paths Differ: Enterprise Performance in Russia and China (with S. Estrin). Journal of Development Economics, 82(2): 374-392, 2007

  • Determinants of Employment Growth at MNEs: Evidence from Egypt, India, South Africa and Vietnam (with S. Estrin and K.E. Meyer). Comparative Economic Studies, 49(1): 61-80, 2007

  • Ethnic Conflict and Economic Disparity: Serbians and Albanians in Kosovo (with I. N. Gang and M.S. Yun). Journal of Comparative Economics, 34(4): 754-773, 2006

  • A Note on Poverty in Kosovo (with I.N. Gang and M.S. Yun). Journal of International Development, 18(8): 1177-1187, 2006.

  • Demographic Events and Timing of Monetary Transfers: Some Evidence from Germany. In: A. Gauthier, S. Tuljapurkar and C. Chu (Eds.) Riding the Age Waves: Allocating Public and Private Resources Across Generations, Kluwer, 2006

  • Does the World Bank have any Impact on Human Development in the Poorest Countries? Some Preliminary Evidence from Africa. Economic Systems, 29: 422-432, 2006

  • Foreign Direct Investment: A Brief Overview of the Micro Issues. In: H.S. Kehal (Ed.) Foreign Investment in Rapidly Growing Countries, Palgrave Macmillan, Basingstoke, 2005

  • Determinants of MNCs’ Mode of Entry into an Emerging Market: Evidence from Egypt and South Africa (with S. Gelb). Emerging Market Finance and Trade, 41(2): 5-24, 2005

  • Foreign Direct Investment in India (with P.L. Beena et al.). In: S. Estrin and K.E. Meyer (Eds.) Investment Strategies in Emerging Markets, Edward Elgar, Cheltenham, 2004

  • How Important is Ownership in a Market with a Level Playing Field: The Indian Banking Sector Revisited (with R. Dimova). Journal of Comparative Economics, 32(1): 165-180, 2004

  • The Econometrics of Yield Spreads in the Money Market: A Note (with D. Coondoo). Applied Financial Economics, 13: 645-653, 2003

  • The Emerging Indian Bond Market: Evolution, Problems and Prospects (with S. Bose and D. Coondoo). Journal of Global Financial Markets, Spring, 33-43, 2003

  • The Indian Banking Industry: A Commentary (with P. Mukherjee). In: P. Banerjee and F.J. Richter (Eds.) Economic Institutions in India: Sustainability Under Liberalization and Globalization, Macmillan, London, 2002

  • Wealth Accumulation, Fertility and Transfers to Elderly Heads in Peru (with J.B. Nugent). In: A. Mason and G. Tapinos (Eds.) Sharing the Wealth, Oxford University Press, New York, 2000

  • Exit the State, Enter ...... Hausbanks?: A Critique of the Privatization Process in Bulgaria (with I. Jackimova and D. Kelleher). In: M. Gupta and J. Ray (Eds.) Themes on Development Economics, Allied Publishers, 2000

  • An Analysis of Food Demand in Peru: Implications for Food-Feed Competition (with J.B. Nugent). Review of Development Economics, 3(3):242-257, 1999

  • Does Ownership Always Matter? Evidence from the Indian Banking Sector (with J. Sarkar and S. Sarkar). Journal of Comparative Economics, 26: 262-281, 1998

 


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