Details about Manju Puri

Access statistics for papers by Manju Puri.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: ppu153

Working Papers

2024

1. CBDCs, Payment Firms, and Geopolitics
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
2. From Competitors to Partners: Banks’ Venture Investments in Fintech
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Inside the Boardroom: Evidence from the Board Structure and Meeting Minutes of Community Banks
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
4. Open Banking and Digital Payments: Implications for Credit Access
   NBER Working Papers, National Bureau of Economic Research, Inc
5. The Economics of “Buy Now, Pay Later”: A Merchant’s Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc

2021

6. FinTech Lending
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2021)
   See also Journal Article FinTech Lending, Annual Review of Financial Economics, Annual Reviews (2022) (2022)
7. Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   See also Journal Article Private Equity and Financial Stability: Evidence from Failed‐Bank Resolution in the Crisis, Journal of Finance, American Finance Association (2025) (2025)
8. What Explains Differences in Finance Research Productivity During the Pandemic?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (21)
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2020) View citations (1)
   See also Journal Article What Explains Differences in Finance Research Productivity during the Pandemic?, Journal of Finance, American Finance Association (2021) View citations (20) (2021)

2020

9. Indirect Costs of Government Aid and Intermediary Supply Effects: Lessons From the Paycheck Protection Program
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

2018

10. Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
11. On the Rise of FinTechs – Credit Scoring using Digital Footprints
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article On the Rise of FinTechs: Credit Scoring Using Digital Footprints, The Review of Financial Studies, Society for Financial Studies (2020) View citations (140) (2020)

2014

12. Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    See also Journal Article Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment, The Review of Financial Studies, Society for Financial Studies (2015) View citations (69) (2015)

2013

13. Do Depositors Monitor Banks?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
14. Loan officer Incentives and the Limits of Hard Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)

2011

15. A Survey of Venture Capital Research
    Discussion Paper, Tilburg University, Center for Economic Research View citations (40)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2011) View citations (31)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (39)
    See also Chapter A Survey of Venture Capital Research, Handbook of the Economics of Finance, Elsevier (2013) View citations (100) (2013)
16. Capital Allocation and Delegation of Decision-Making Authority within Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    See also Journal Article Capital allocation and delegation of decision-making authority within firms, Journal of Financial Economics, Elsevier (2015) View citations (107) (2015)
17. Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (418)
    See also Journal Article Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects, Journal of Financial Economics, Elsevier (2011) View citations (401) (2011)
18. On the importance of prior relationships in bank loans to retail customers
    Working Paper Series, European Central Bank View citations (11)

2010

19. A Corporate Beauty Contest
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article A Corporate Beauty Contest, Management Science, INFORMS (2017) View citations (28) (2017)

2008

20. On the Lifecycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (25)
    See also Journal Article On the Life Cycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms, Journal of Finance, American Finance Association (2012) View citations (233) (2012)
21. Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in Proceedings, Federal Reserve Bank of Chicago (2008) View citations (17)
    See also Journal Article Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks, American Economic Review, American Economic Association (2012) View citations (222) (2012)

2007

22. On sales, loan contracting, and lending relationships
    Proceedings, Federal Reserve Bank of Chicago View citations (3)

2005

23. Optimism and Economic Choice
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Optimism and economic choice, Journal of Financial Economics, Elsevier (2007) View citations (304) (2007)

2004

24. Building Relationships Early: Banks in Venture Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Building Relationships Early: Banks in Venture Capital, The Review of Financial Studies, Society for Financial Studies (2008) View citations (157) (2008)
25. The Tying of Lending and Equity Underwriting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
26. Tying knots: lending to win equity underwriting business
    Proceedings, Federal Reserve Bank of Chicago View citations (2)

2002

27. Banks in venture capital: a research agenda
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
28. Credit Ratings, Collateral and Loan Characteristics: Implications for Yield
    Research Papers, Stanford University, Graduate School of Business View citations (9)
    See also Journal Article Credit Ratings, Collateral, and Loan Characteristics: Implications for Yield, The Journal of Business, University of Chicago Press (2003) View citations (85) (2003)
29. Institutional Allocation In Initial Public Offerings: Empirical Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (121)
    Also in Research Papers, Stanford University, Graduate School of Business (2002) View citations (118)
    See also Journal Article Institutional Allocation in Initial Public Offerings: Empirical Evidence, Journal of Finance, American Finance Association (2002) View citations (126) (2002)

2001

30. Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans
    Research Papers, Stanford University, Graduate School of Business View citations (6)
    See also Journal Article Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans, The Journal of Business, University of Chicago Press (2003) View citations (61) (2003)

2000

31. How Does Underwriter Price Support Affect IPOs? Empirical Evidence
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2000) View citations (2)
32. The dynamics of debtor-in-possession financing: bankruptcy resolution and the role of prior lenders
    Proceedings, Federal Reserve Bank of Chicago
33. Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence
    Research Papers, Stanford University, Graduate School of Business View citations (52)
    See also Journal Article Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence, Journal of Finance, American Finance Association (2002) View citations (717) (2002)

1995

34. Bank underwriting of debt securities: modern evidence
    Proceedings, Federal Reserve Bank of Chicago View citations (30)

Journal Articles

2025

1. Private Equity and Financial Stability: Evidence from Failed‐Bank Resolution in the Crisis
   Journal of Finance, 2025, 80, (1), 163-210
   See also Working Paper Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis, NBER Working Papers (2021) View citations (6) (2021)

2022

2. FinTech Lending
   Annual Review of Financial Economics, 2022, 14, (1), 187-207
   See also Working Paper FinTech Lending, NBER Working Papers (2021) (2021)

2021

3. What Explains Differences in Finance Research Productivity during the Pandemic?
   Journal of Finance, 2021, 76, (4), 1655-1697 View citations (20)
   See also Working Paper What Explains Differences in Finance Research Productivity During the Pandemic?, NBER Working Papers (2021) View citations (21) (2021)

2020

4. Loan Officer Incentives, Internal Rating Models, and Default Rates*
   Review of Finance, 2020, 24, (3), 529-578 View citations (14)
5. On the Rise of FinTechs: Credit Scoring Using Digital Footprints
   The Review of Financial Studies, 2020, 33, (7), 2845-2897 View citations (140)
   See also Working Paper On the Rise of FinTechs – Credit Scoring using Digital Footprints, NBER Working Papers (2018) View citations (20) (2018)

2017

6. A Corporate Beauty Contest
   Management Science, 2017, 63, (9), 3044-3056 View citations (28)
   See also Working Paper A Corporate Beauty Contest, NBER Working Papers (2010) View citations (5) (2010)
7. What do a million observations have to say about loan defaults? Opening the black box of relationships
   Journal of Financial Intermediation, 2017, 31, (C), 1-15 View citations (49)

2016

8. A Tale of Two Runs: Depositor Responses to Bank Solvency Risk
   Journal of Finance, 2016, 71, (6), 2687-2726 View citations (104)

2015

9. Capital allocation and delegation of decision-making authority within firms
   Journal of Financial Economics, 2015, 115, (3), 449-470 View citations (107)
   See also Working Paper Capital Allocation and Delegation of Decision-Making Authority within Firms, NBER Working Papers (2011) View citations (19) (2011)
10. Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment
    The Review of Financial Studies, 2015, 28, (6), 1768-1809 View citations (69)
    See also Working Paper Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment, NBER Working Papers (2014) View citations (39) (2014)

2013

11. Managerial attitudes and corporate actions
    Journal of Financial Economics, 2013, 109, (1), 103-121 View citations (380)
12. The Economic Psychology of Entrepreneurship and Family Business
    Journal of Economics & Management Strategy, 2013, 22, (2), 423-444 View citations (34)

2012

13. On the Life Cycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms
    Journal of Finance, 2012, 67, (6), 2247-2293 View citations (233)
    See also Working Paper On the Lifecycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms, Working Papers (2008) View citations (6) (2008)
14. Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks
    American Economic Review, 2012, 102, (4), 1414-45 View citations (222)
    See also Working Paper Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks, NBER Working Papers (2008) View citations (19) (2008)

2011

15. Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects
    Journal of Financial Economics, 2011, 100, (3), 556-578 View citations (401)
    See also Working Paper Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects, NBER Working Papers (2011) View citations (418) (2011)

2009

16. On Loan Sales, Loan Contracting, and Lending Relationships
    The Review of Financial Studies, 2009, 22, (7), 2635-2672 View citations (152)

2008

17. Building Relationships Early: Banks in Venture Capital
    The Review of Financial Studies, 2008, 21, (2), 513-541 View citations (157)
    See also Working Paper Building Relationships Early: Banks in Venture Capital, NBER Working Papers (2004) View citations (20) (2004)
18. On the importance of retail banking relationships
    Journal of Financial Economics, 2008, 89, (2), 253-267 View citations (26)

2007

19. Optimism and economic choice
    Journal of Financial Economics, 2007, 86, (1), 71-99 View citations (304)
    See also Working Paper Optimism and Economic Choice, NBER Working Papers (2005) View citations (20) (2005)

2005

20. Enhancing Security Value by Ownership Restrictions: Evidence from a Natural Experiment
    Financial Management, 2005, 34, (4) View citations (1)
21. On the Benefits of Concurrent Lending and Underwriting
    Journal of Finance, 2005, 60, (6), 2763-2799 View citations (203)

2003

22. Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans
    The Journal of Business, 2003, 76, (4), 563-582 View citations (61)
    See also Working Paper Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans, Research Papers (2001) View citations (6) (2001)
23. Credit Ratings, Collateral, and Loan Characteristics: Implications for Yield
    The Journal of Business, 2003, 76, (3), 371-410 View citations (85)
    See also Working Paper Credit Ratings, Collateral and Loan Characteristics: Implications for Yield, Research Papers (2002) View citations (9) (2002)
24. Debtor-in-possession financing and bankruptcy resolution: Empirical evidence
    Journal of Financial Economics, 2003, 69, (1), 259-280 View citations (57)

2002

25. Institutional Allocation in Initial Public Offerings: Empirical Evidence
    Journal of Finance, 2002, 57, (3), 1421-1442 View citations (126)
    See also Working Paper Institutional Allocation In Initial Public Offerings: Empirical Evidence, NBER Working Papers (2002) View citations (121) (2002)
26. On the fundamental role of venture capital
    Economic Review, 2002, 87, (Q4), 19-23 View citations (3)
27. Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence
    Journal of Finance, 2002, 57, (1), 169-197 View citations (717)
    See also Working Paper Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence, Research Papers (2000) View citations (52) (2000)

2000

28. The Interaction between Product Market and Financing Strategy: The Role of Venture Capital
    The Review of Financial Studies, 2000, 13, (4), 959-84 View citations (473)

1999

29. Bank entry, competition, and the market for corporate securities underwriting
    Journal of Financial Economics, 1999, 54, (2), 165-195 View citations (81)
30. Commercial banks as underwriters: implications for the going public process
    Journal of Financial Economics, 1999, 54, (2), 133-163 View citations (96)

1996

31. Commercial banks in investment banking Conflict of interest or certification role?
    Journal of Financial Economics, 1996, 40, (3), 373-401 View citations (201)

1994

32. The long-term default performance of bank underwritten security issues
    Journal of Banking & Finance, 1994, 18, (2), 397-418 View citations (82)

Chapters

2013

1. A Survey of Venture Capital Research
   Elsevier View citations (100)
   See also Working Paper A Survey of Venture Capital Research, Tilburg University, Center for Economic Research (2011) View citations (40) (2011)