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Curriculum Vitae: February 2018 Curriculum Vitae: February 2018: Murali Patibandla Present Position: Professor, Indian Institute of Management, Bangalore since 2004 Bangalore-560076, India, E-mail: [email protected] Academic Qualifications: Fulbright Post-Doctoral Scholar, University of California, Berkeley, 1998-1999: I was mentored by Oliver E. Williamson, Nobel Laureate, One of the founding fathers of New Institutional Economics and the most cited economist in the World. Ph. D. Economics 1994. With specialization in International Economics, Industrial Organization, Micro Economics .Thesis, `Firm Size and Export Behaviour’. Jawaharlal Nehru University, India. M.A. 1982. Economics, University of Alberta, Canada. M.A. 1977. Economics, Nagarjuna University, Guntur Andhra Pradesh, India. Impact Factor of My Research “The free market mechanism of the western advanced capitalist nations functions on the basis of underlying economic and political institutions that have evolved through painstaking process over time. The following illustration shows the importance of institutions in the efficient functioning of capitalism. One of the indicators of economic development of nations is productivity of workforce. In the mainstream neoclassical economics, productivity is determined by capital and technology. A worker who has access to capital and better technology is more productive than the one who works with inferior technology and less amount of capital. However, this is only a partial explanation. A worker with similar skills and access to similar technology in India may still turn out to be less productive than the one in the U.S because of the inefficient market institutions he or she operates in. Let us take three basic elements of economic institutions to discuss this issue- property rights, incentives and transaction costs. A person refrains from investing his/her efforts in a particular activity (durable asset) if he or she is not sure of appropriating the returns on the investment, particularly if there is fear of appropriation from the state and other private agents. A productive worker is not motivated if rewards within an organization are not based on relative performance of peers, that is, organizations (and societies) fail to adopt incentive compatible practices. A worker would turn out to be less productive in a given activity if he or she has to divert her time and resources in dealing with transaction costs (searching, information processing, paper work, long queues, etc).” - From page 2 of Patibandla, Murali, Evolution of Markets and Institutions: A Study of an Emerging Economy, Routledge and Taylor and Francis, New York, London, June 2006. Paper backs 2009, 2011, 2014, 2015, 2016, 2017. 1 I am listed among the top authors in Law, Economics and Business by the Academic Search International with H-index of 3 (impact factor of my research). There are about 10000 citations of my research in Google Scholar, SSRN and Research Gate. Academic Publications Books: Patibandla, Murali, “ Evolution of Markets and Institutions: A Study of an Emerging Economy”, Routledge and Taylor and Francis, New York, London, June 2006. Paper backs 2009, 2011, 2014, 2016 and 2017. Reviewed by Lord Meghnad Desai in Economica, 75(298), May 2008- “This, then, is an ambitious book. …the book will repay a close study by all who are interested in development issues.” “Murali Patibandla's ambitious book combines his broad knowledge of the literature (in the New Institutional Economics, contract theory, and organization theory) with his deep knowledge of the polity and economy of India. He examines both recent successes and earlier failures of economic reform programs in India, with special emphasis on how the vitality of firms and markets are influenced by and are interactive with changes in economic policy. Patibandla's interpretation of these events is edifying; and his comparisons of India with other nation states (especially China) are fascinating. This provocative book will be influential among academics and policy makers alike.” - Oliver E. Williamson, Nobel Laureate 2009, One of the major founding fathers of New Institutional Economics and the most cited Economist in the World (See Google Scholar). “An outstanding, clear-eyed analysis of the growth and evolution of the Indian economy – Murali Patibandla’s book is an absorbing read. The author provides a well-researched, and highly insightful study of India’s growth, the structural changes within its markets and institutions, and the reform challenges today. This book is essential reading for business students and managers alike.” -Narayana Murthy The Founder and Chairman Infosys Technologies, Bangalore Eighth-Most-Admired Business Leader in World (Burson-Marsteller/the Economist Intelligence Unit) Rajesh Kumar and Murali Patibandla (Eds) “Institutional Dynamics and the Evolution of the Indian Economy” Palgrave and MacMillan New York, 2009. “This edited volume highlights the interplay between the evolving institutions and the growing economic dynamism of the Indian economy. The book provides a state of the art interdisciplinary review of the Indian political economy and cultural psychology and it draws upon the contribution of academic scholars who are intimately familiar with India.” 2 - the Review of the Book in Amazon, 2017. Academic Book Forthcoming: “Domestic Industrial Structure, Institutions, International Trade and Investment Behavior of Firms in an Emerging Economy: India” Oxford University Press New York. Non Academic Book: Murali Patibandla 2015 “A Garden with a Broken Fence” Penguin (Partridge), a collection of my poetry. See Barnes & Noble.Com and Abe books come and all other major websites of the world. Non-Academic Book Forthcoming: Collection of my poetry: “I forgot to fly kites” Notion Press Chennai India Work in progress of collection of my poems tentatively titled “All those songs of the shores of Gods” Academic Articles New Institutional Economics: Patibandla M, 31st May, 2016, “Institutional Corruption: Few Issues” IIMB working paper. Avinash K. Dixit, distinguished university professor of Princeton University, who has been doing very important research on institutions and corruption, gave valuable comments. The article was discussed in the leading newspaper of India, FIRSTPOST “Demonetization: Manmohan Singh writes a scathing critique of his own incompetence” Dec 9, 2016 by Sreemoy Talukdar: Patibandla, M. 2016. “Divergence and Convergence of Firm-level Best Practices: the Case of Bajaj and Hero-Honda in India’s Two-Wheeler Industry” Journal of East-West Business, Vol 22, No 4. 351-368. Listed Among Top Read Research in Research Gate, 2017. One of the referees commented: 3 “Quite an interesting paper on a less researched topic. I complement author for taking the topic. (See the changes to be made in the attached file as well)” and ”The paper is on an interesting topic and has high potential.” Nobel Laureate Michael Spence made the following comment on the paper: “Nice paper Murali, Thank you, Mike” Avinash Dixit highly distinguished university professor of Princeton University and Padma Vibhushan commented on the paper as follows: “ I liked the paper but don’t have enough expertise in the specific context of the case or the empirical methodology to offer any useful substantive comments.” Patibandla, M. 2006, “Equity Pattern, Corporate Governance and Performance: A Study of India’s Corporate Sector”, Journal of Economic Behavior and Organization, Vol 59, 29-44. Rated among the top ten papers by the Science Direct. Patibandla, M and B. Petersen. 2002, “Role of Transnational Corporations in the Evolution of a High-tech Industry: The Case of India’s Software Industry”, World Development, Sept 30(9). Considered Original Research by the Journal. Patibandla, M and B. Petersen. 2004, “Role of Transnational Corporations in the Evolution of a High-Tech Industry: The Case of India’s Software Industry- A Reply”, World Development, March. Considered original research by the Journal. Patibandla, M. 1995, “Firm Size and Export Behaviour: An Indian Case Study”, The Journal of Development Studies, August, Vol.31 No.6. Patibandla, M. 1998, “Structure, Organizational Behavior and Technical Efficiency: The Case of an Indian Industry”, Journal of Economic Behavior and Organization. March, 34(3) 419-434. Patibandla, M., and P. Chandra. 1998, “Organizational Practices and Employee Performance: The Case of the Canadian Primary Textile Industry”, Journal of Economic Behavior and Organization, vol. 37(4), 431-442. Patibandla, M. 2002, “Policy Reforms, and Evolution of Market Structure in an Emerging Economy”, The Journal of Development Studies, February, vol.38, no.3, 95-118. 4 Patibandla, M. 2016. “Foreign Direct Investment in India’s Retail Sector and Farmers’ Productivity” Focus paper of Productivity Journal. Vol.57, No. 3, October-December. This is my third paper on this issue. I have been emphasizing the importance of supply chain that incorporates transaction and information costs in reducing incidence of farmers’ debt-trap and suicides. Patibandla, M. 2013, “The New Institutional Economics: Its Relevance to Curbing Corruption”, Listed and praised by mostlyeconomics.wordpress.com. Economic and Political weekly, March 2. Patibandla, M. 2014. “ Macroeconomics Discipline at the Cross-Roads: A Comment”, Jindal Journal of Business Research. Patibandla, M. 2007, “Pattern of Foreign Direct Investment in Developing Economies: A Comparative Analysis of China and India”, International Journal of Management and Decision Making.
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