Jitendra Aswani

Jitendra Aswani is a post-doctoral associate at MIT Sloan. Prior to joining MIT Sloan, he was a post-doctoral fellow at Harvard University. He has a Ph.D. in Business Administration from Gabelli School of Business, Fordham University. Before joining the Fordham, he did his M.Phil. (Economics) from Indira Gandhi Insitute of Development Research (IGIDR) and B.S. (Chemical Engineering) from National Insititute of Technology (Jaipur) in India. He has also worked for the Indian Oil Corp. (national oil company of India) for a small stint. His research focuses on corporate governance, sustainable finance, corporate finance, debt markets, and behavioral finance. He has presented his research at well-known finance and economics conferences and published papers in top journals such as Review of Finance.

Government Bond Markets See Ecological Decline as a Growth Problem

Summary Teaser: In new research, Jitendra Aswani and William W. Xiong show that countries facing greater risks to their natural assets, from overfishing to deforestation, pay more to borrow, as investors discount their long-run growth prospects. Governments can reduce that premium by implementing green projects that address the risks they actually face, but announcing an intention to do so is not enough.

ESG Investing Pushes Firms To Evolve Corporate Governance

In new research, Jitendra Aswani and Roberto Rigobon find that investments raised on sustainable bond markets force firms to make material changes to corporate...

The Costs of India’s Mandatory Corporate Social Responsibility Rule

In new research, Jitendra Aswani finds that India’s mandatory corporate social responsibility contribution for large firms increased corporate borrowing costs, but transparency and clear communication to investors about these contributions reduced the additional costs.

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