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Ajay Palvia

Senior Financial Economist

Ajay Palvia is a Senior Financial Economist in the Policy Analysis Division of the Office of the Comptroller of the Currency (OCC).

Dr. Palvia’s research interests are centered on financial institutions with a particular focus on market discipline,  governance, and the effectiveness of regulatory policies and interventions.

Dr. Palvia joined the OCC in 2007 after completing a doctorate in economics from Cornell University. He also holds a master's degree in computer science from Penn State University and a bachelor of science in mathematics from Boston University.

  1. Ben-David, Itzhak,  Ajay Palvia, and Chester Spatt (Forthcoming). "Banks' Internal Capital Markets and Deposit Rates" , Journal of Financial and Quantitative Analysis
  2. Balasubramnian, Bhanu and Ajay Palvia (2016). "Can Short Sellers Inform Bank Supervision", Journal of Financial Services Research, Journal of Financial Services Research
  3. Barakova, Irina and Ajay Palvia (2014). "Do Banks' Internal Basel Risk Estimates Reflect Risk?", Journal of Financial Stability, Vol 13 (C), Pages 167-179
  4. Palvia, Ajay, Emilia Vähämaa and Sami Vähämaa (2014). "Are Female CEOs and Chairwomen More Conservative and Risk Averse? Evidence from the Banking Industry during the Financial Crisis", Journal of Business Ethics, Online July
  5. Barakova, Irina, Dennis Glennon and Ajay Palvia (2013). "Sample Selection Bias in Acquisition Credit Scoring Models," Journal of Credit Risk. Vol 9 (3), Fall 2013
  6. Gaul, Lewis and Ajay Palvia (2013). "Are Regulatory Management Evaluations Informative About Bank Accounting Returns and Risk?" Journal of Economics and Business, Vol 66. March-April 2013, Pages 1-21
  7. Palvia, Ajay (2012). "Managerial, Turnover, Regulatory Oversight, and Performance: Evidence from Community Banks", Book chapter in International Research Handbook for Banking and Governance, James R. Barth, Chen Lin and Clas Wihlborg (Editors), Edward Elgar Publishing, 2012
  8. Palvia, Ajay (2011)."Banks and Managerial Discipline: Does Regulatory Monitoring Play a Role?", The Quarterly Review of Economics and Finance, Volume 51, Issue 1, February 2011, Pages 56-68
  9. Barakova, Irina and Ajay Palvia (2010). "Limits to relative performance evaluation," Journal of Financial Economic Policy, Vol 2 (3), Pages 214 - 236
  1. Balasubramnian, Bhanu, Patro, Dilip, and Ajay Palvia (2016), "Can book-to-market ratio monitor bank risk-taking? Evidence from Banks around the Global Financial Crisis"
  2. Palvia, Ajay, Emilia Vähämaa and Sami Vähämaa (2015), "Do Female CEOs and Chairwomen Constrain Bank Risk-Taking? Evidence from the Effects of Real Estate Shocks on Bank Performance"
  3. Palvia, Ajay and Dilip Patro (2011), "Re-Examining the Role of Market Discipline for Bank Supervision: Evidence from the Subprime Crisis"
  4. Grinstein, Yaniv and Ajay Palvia (2010), "Executive Loans, Corporate Governance, and Firm Performance: Evidence from Banks"
  5. Irina Barakova and Ajay Palvia (2008), "Limits to Relative Performance Evaluation: Evidence from Bank Executive Turnover," OCC Economics Working Paper 2008-3.
  6. Ajay A. Palvia (2008), "Management Turnover, Regulatory Oversight, and Performance: Evidence From Community Banks," OCC Economics Working Paper 2008-1.