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.

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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