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Top 10% Institutions and Economists in the Field of Microfinance, as of May 2023

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This page is part of a larger set of rankings for research items, serials, authors and institutions made available on this site. A FAQ is available.

  • Only authors registered with the RePEc Author Service are considered.
  • Only works listed on RePEc and claimed as theirs by registered authors are counted.
  • A series of rankings by different criteria are aggregated. The average rank score is determined by taking a harmonic mean of the ranks in each criterion. For a list of criteria, see the general ranking page.
  • Authors with multiple affiliations are attributed to each institution according to the weights ("shares") they have set to each in their profile, or by default according to a formula described here.
  • Authors affiliated with subentities of institutions listed in EDIRC are also counted in the latter.
  • Only institutions listed in EDIRC are counted.
  • Subentities of ranked institutions do not increment the rank count and have their rank listed in parentheses.
  • The scores of institutions in each field are determined by a weighted sum of all scores of authors affiliated with the respective institutions, where the authors have provided weights ("shares") if they have multiple affiliations. The weights are determined, for each author, by the proportion of all working papers announced in NEP that have also been announced in this NEP report.
  • To be classified, an author needs to have five or more working papers announced in the NEP report for this field. For authors whose first paper is less that 10 years old, having 25% of the papers in the NEP report is sufficient.
  • There are no such restrictions for institutions, it is thus possible that more institutions than authors are classified.
  • Please note that rankings can depend on the number of registered authors in the respective institutions. Register at the RePEc Author Service to be counted.
  • There are 8708 institutions with 66547 registered authors evaluated for all the rankings.

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The rankings

Top 10% institutions in the field of Microfinance

For Microfinance, these are 261 authors affiliated with 1564 institutions.
All authors classified in this field.

RankInstitutionScoreAuthorsAuthor shares
1World Bank Group

Washington, District of Columbia (USA)

1.3860115.1
2Graduate School of Business, Stanford University

Stanford, California (USA)

3.09392.08
---Economics Research, World Bank Group

Washington, District of Columbia (USA)

3.391543.8
3National Bureau of Economic Research (NBER)

Cambridge, Massachusetts (USA)

3.624671.07
4African Governance and Development Institute (AGDI)

Yaoundé, Cameroun

6.1671.03
5Economics Department, Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts (USA)

8.97630.39
6Booth School of Business, University of Chicago

Chicago, Illinois (USA)

9.16631.91
7London School of Economics (LSE)

London, United Kingdom

9.343332.11
8Kellogg Graduate School of Management, Northwestern University

Evanston, Illinois (USA)

10.06530.59
9Department of Economics, Boston University

Boston, Massachusetts (USA)

10.82691.01
10Robert Schuman Centre for Advanced Studies (RSCAS), European University Institute

Firenze, Italy

11.23270.29
11International Monetary Fund (IMF)

Washington, District of Columbia (USA)

12.385044
12Economics Department, Dartmouth College

Hanover, New Hampshire (USA)

12.92411.71
13International Food Policy Research Institute (IFPRI)

Washington, District of Columbia (USA)

13.141883.99
14Wagner Graduate School of Public Service, New York University (NYU)

New York City, New York (USA)

16.95110.68
15Department of Economics, Northwestern University

Evanston, Illinois (USA)

18.92431.22
---Economics Department, London School of Economics (LSE)

London, United Kingdom

19.96530.76
16Sloan School of Management, Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts (USA)

21.13530.34
17Economics Department, Brown University

Providence, Rhode Island (USA)

21.64620.81
18Department of Economics, New York University (NYU)

New York City, New York (USA)

23.11580.42
19Department of Economics, Harvard University

Cambridge, Massachusetts (USA)

23.49750.49
20Harvard Business School, Harvard University

Cambridge, Massachusetts (USA)

24411.59
21Department of Economics, Stanford University

Stanford, California (USA)

24.66650.63
22Department of International Development (Queen Elizabeth House), Oxford University

Oxford, United Kingdom

27.54260.93
23Economics Department, Yale University

New Haven, Connecticut (USA)

30.35590.27
24Business School, Imperial College

London, United Kingdom

31.14450.21
25Charles H. Dyson School of Applied Economics and Management, College of Agriculture and Life Sciences, Cornell University

Ithaca, New York (USA)

31.52400.7
26Solvay Brussels School of Economics and Management, Université Libre de Bruxelles

Bruxelles, Belgium

31.81795.88
27Centre for European Research in Microfinance (CERMi)

Bruxelles/Brussel, Belgium

31.99266.44
28Department of Economics, Oxford University

Oxford, United Kingdom

32.881772.09
---Institute for Economic Development, Department of Economics, Boston University

Boston, Massachusetts (USA)

36.4540.25
29Guanghua School of Management, Peking University

Beijing, China

38.56371.03
30Department of Economics, Boston College

Chestnut Hill, Massachusetts (USA)

40.76630.41
31Monash Business School, Monash University

Melbourne, Australia

40.961902.12
32Department of Economics, University of Toronto

Toronto, Canada

41.45761.04
33Department of Economics, University of California-Berkeley

Berkeley, California (USA)

41.91620.14
---Research Department, International Monetary Fund (IMF)

Washington, District of Columbia (USA)

42.54550.44
---Finance Unit, Harvard Business School, Harvard University

Cambridge, Massachusetts (USA)

44.2490.5
34Kelley School of Business, Indiana University

Bloomington, Indiana (USA)

46.79230.42
---Department of Finance, Kelley School of Business, Indiana University

Bloomington, Indiana (USA)

46.7950.42
35Saïd Business School, Oxford University

Oxford, United Kingdom

49.5280.38
36Economics Department, University of California-Santa Cruz (UCSC)

Santa Cruz, California (USA)

49.75350.54
37European Central Bank

Frankfurt am Main, Germany

50.132520.33
38Department of Economics, University of Chicago

Chicago, Illinois (USA)

50.28770.13
39Graduate School of Business, Columbia University

New York City, New York (USA)

50.37530.18
40Innovations for Poverty Action (IPA)

New Haven, Connecticut (USA)

51.8870.14
41Harvard Kennedy School, Harvard University

Cambridge, Massachusetts (USA)

53.21830.3
---Centre Emile Bernheim, Solvay Brussels School of Economics and Management, Université Libre de Bruxelles

Bruxelles, Belgium

55.07744.66
42Department of Economics, School of Arts and Sciences, Columbia University

New York City, New York (USA)

57.17550.11
43Department of Agricultural and Resource Economics, University of California-Berkeley

Berkeley, California (USA)

57.27280.74
44Department of Economics, University College London (UCL)

London, United Kingdom

58.41670.69
45Handelshøyskolen, Universitetet i Agder

Kristiansand, Norway

59.04101.25
46School of Economics and Management, Universiteit van Tilburg

Tilburg, Netherlands

59.841420.89
---Department of Economics, Monash Business School, Monash University

Melbourne, Australia

60.04770.81
---Economic Growth Center, Economics Department, Yale University

New Haven, Connecticut (USA)

60.8180.19
47Department of Economics, University of Hawaii-Manoa

Manoa, Hawaii (USA)

61.25250.34
---Institutt for økonomi, Handelshøyskolen, Universitetet i Agder

Kristiansand, Norway

63.2391
48Walter A. Haas School of Business, University of California-Berkeley

Berkeley, California (USA)

64.9510.76
49Bank for International Settlements (BIS)

Basel, Switzerland

65.24950.19
50Faculté des Sciences Économiques, Sociales et de Gestion (FSESG), Université de Namur

Namur, Belgium

65.89370.96
51College of Business, Florida Atlantic University

Boca Raton, Florida (USA)

66.04191.91
52Department of Economics, University of California-Los Angeles (UCLA)

Los Angeles, California (USA)

67.35540.21
53Faculteit Economie en Bedrijfskunde, Rijksuniversiteit Groningen

Groningen, Netherlands

68.55811.29
---Strategy and Business Economics Division, Sauder School of Business, University of British Columbia

Vancouver, Canada

68.94170.24
54Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University

Shanghai, China

71.77330.61
55School of Economics, University of Bristol

Bristol, United Kingdom

72.31591.24
56Department of Economics, University of Southern California

Los Angeles, California (USA)

73.63690.53
57Stern School of Business, New York University (NYU)

New York City, New York (USA)

75.55530.26
---Centre de Recherche en Économie de Développement (CRED), Faculté des Sciences Économiques, Sociales et de Gestion (FSESG), Université de Namur

Namur, Belgium

76.08140.46
58Vancouver School of Economics, University of British Columbia

Vancouver, Canada

77.97610.39
---Finance Department, Robert H. Smith School of Business, University of Maryland

College Park, Maryland (USA)

79.34100.16
59Robert H. Smith School of Business, University of Maryland

College Park, Maryland (USA)

79.34170.16
60Department of Economics, University of Pennsylvania

Philadelphia, Pennsylvania (USA)

80.11470.12
61School of Economics, University of Nottingham

Nottingham, United Kingdom

80.351280.44
62Department of Agricultural and Resource Economics, University of California-Davis

Davis, California (USA)

80.89260.41
63Università Commerciale Luigi Bocconi

Milano, Italy

80.971650.79
64SKEMA Business School

Lille, France

81.09440.05
---Centre for the Study of African Economies (CSAE), Department of Economics, Oxford University

Oxford, United Kingdom

83.84281
65Department of Economics and Statistics, University of Peradeniya

Peradeniya, Sri Lanka

86.9450.9
66Institute for Fiscal Studies (IFS)

London, United Kingdom

87.29740.37
67Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM), Université Catholique de Louvain

Louvain-la-Neuve, Belgium

89.441321.25
68Inter-American Development Bank

Washington, District of Columbia (USA)

90.211641.7
69Centre for Economic Policy Research (CEPR)

London, United Kingdom

94.063630.18
70Institute for International Economic Studies (IIES), Stockholms Universitet

Stockholm, Sweden

94.11260.81
71Economics Department, University of Michigan

Ann Arbor, Michigan (USA)

94.73610.12
72Federal Reserve Bank of Minneapolis

Minneapolis, Minnesota (USA)

96.35350.13
72Toulouse School of Economics (TSE)

Toulouse, France

96.351560.46
74Banca d'Italia

Roma, Italy

101.963040.92
75Department of Economics, University of Nigeria Nsukka

Nsukka, Nigeria

102.26131.5
76Freeman Spogli Institute for International Studies, Stanford University

Stanford, California (USA)

102.480.1
77Bank of England

London, United Kingdom

105.372080.77
78Wirtschaftswissenschaftliche Fakutält, Universität Zürich

Zürich, Switzerland

106.591660.46
79Anderson Graduate School of Management, University of California-Los Angeles (UCLA)

Los Angeles, California (USA)

106.65330.13
80Banco de la Republica de Colombia

Bogotá, Colombia

108.091232.07
81Federal Reserve Board (Board of Governors of the Federal Reserve System)

Washington, District of Columbia (USA)

108.442121.22
82School of Economics, University of Queensland

Brisbane, Australia

109.73950.48
83Institute of Labor Economics (IZA)

Bonn, Germany

111.79700.43
---International Bank for Reconstruction & Development (IBRD), World Bank Group

Washington, District of Columbia (USA)

111.861113.37
---Finance and Economics Department, Graduate School of Business, Columbia University

New York City, New York (USA)

112.32260.1
---CentER Graduate School for Economics and Business, School of Economics and Management, Universiteit van Tilburg

Tilburg, Netherlands

113.32990.58
---John E. Walker Department of Economics, College of Business and Behavioral Science, Clemson University

Clemson, South Carolina (USA)

113.86320.32
84College of Business and Behavioral Science, Clemson University

Clemson, South Carolina (USA)

113.86340.32
85Centro Studi di Economia e Finanza (CSEF)

Napoli, Italy

114.57630.15
86College of Management and Technology, Arab Academy for Science & Technlogy and Maritime Transport

Alexandria, Egypt

116.0821
87School of International and Public Affairs (SIPA), Columbia University

New York City, New York (USA)

116.69340.08
88Istituto Einaudi per l'Economia e la Finanza (EIEF)

Roma, Italy

117.36300.07
89School of Economics, University of Kent

Canterbury, United Kingdom

117.57523.82
90Federal Reserve Bank of New York

New York City, New York (USA)

118.27890.2
91Faculty of Economics, Kobe University

Kobe, Japan

120.48360.3
---Department of Finance, Kellogg Graduate School of Management, Northwestern University

Evanston, Illinois (USA)

121.32190.14
92DIW Berlin (Deutsches Institut für Wirtschaftsforschung)

Berlin, Germany

121.381410.63
93School of Management, Yale University

New Haven, Connecticut (USA)

121.52390.39
---Institut de Recherche Économique et Sociale (IRES), Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM), Université Catholique de Louvain

Louvain-la-Neuve, Belgium

123.12551.21
94Faculty of Business and Law, Curtin University

Perth, Australia

123.83440.37
95Paris School of Economics

Paris, France

124.272170.24
96London Business School (LBS)

London, United Kingdom

126.82320.18
97Department of Economics, Trinity College Dublin

Dublin, Ireland

127.16700.83
---Nottingham Centre for Research on Globalisation and Economic Policy, School of Economics, University of Nottingham

Nottingham, United Kingdom

127.18270.14
98Department of Economics, University of Warwick

Coventry, United Kingdom

127.42920.24
99Department of Economics, University of Texas-Austin

Austin, Texas (USA)

128.75520.36
---Department of Management, London School of Economics (LSE)

London, United Kingdom

129.3120.23
---Research and Statistics Group, Federal Reserve Bank of New York

New York City, New York (USA)

131.22640.15
100Center for Social Development, Washington University in St. Louis

St. Louis, Missouri (USA)

131.6321
101Department of Economics, Washington University in St. Louis

St. Louis, Missouri (USA)

131.67310.15
---Department of Economics, College of Business, Florida Atlantic University

Boca Raton, Florida (USA)

132.21110.91
102Department of Economics, Tufts University

Medford, Massachusetts (USA)

132.86280.64
103Waikato Management School, University of Waikato

Hamilton, New Zealand

133.22420.51
---Center for Analytic Research and Economics in the Social Sciences (CARESS), Department of Economics, University of Pennsylvania

Philadelphia, Pennsylvania (USA)

134.1610.06
---Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutält, Universität Zürich

Zürich, Switzerland

140.07950.31
---Department of Economics, Waikato Management School, University of Waikato

Hamilton, New Zealand

142.65340.51
104Norges Handelshøyskole (NHH)

Bergen, Norway

146.261180.58
---Finance Area, Fuqua School of Business, Duke University

Durham, North Carolina (USA)

147.0290.06
105Fuqua School of Business, Duke University

Durham, North Carolina (USA)

147.02210.06
106Department of Economics, Rice University

Houston, Texas (USA)

149.31210.32
107Delhi School of Economics, University of Delhi

Delhi, India

149.92341.39
---European Centre for Advanced Research in Economics and Statistics (ECARES), Solvay Brussels School of Economics and Management, Université Libre de Bruxelles

Bruxelles, Belgium

149.99690.2
---Department of Economics, Lerner College of Business and Economics, University of Delaware

Newark, Delaware (USA)

150.24390.37
108Lerner College of Business and Economics, University of Delaware

Newark, Delaware (USA)

150.24450.37
109School of Management, Politecnico di Milano

Milano, Italy

151.28211.11
110Faculteit Economie en Bedrijfswetenschappen, KU Leuven

Leuven, Belgium

151.391442.09
111Rady School of Management, University of California-San Diego (UCSD)

La Jolla, California (USA)

152.89130.2
112Institut de Recherche pour le Développement (IRD)

Paris, France

153.01160.85
113Nationalekonomiska institutionen, Stockholms Universitet

Stockholm, Sweden

153.86360.81
114Department of Economics, European University Institute

Firenze, Italy

154.22300.38
115HEC Paris (École des Hautes Études Commerciales)

Jouy-en-Josas, France

154.3350.41
116Abdul Latif Jameel Poverty Action Lab (J-PAL), Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts (USA)

156.83240.13
---Department of Economics, Delhi School of Economics, University of Delhi

Delhi, India

158.39281.35
117Centre de Recherche en Économie et Statistique (CREST)

Palaiseau, France

158.99951.18
118Graduate School of Business, Nazarbayev University

Nur-Sultan, Kazakhstan

15930.11
119Department of Economics, Tulane University

New Orleans, Louisiana (USA)

159.33340.61
120Federal Reserve Bank of Dallas

Dallas, Texas (USA)

160.02650.28
121McCombs School of Business, University of Texas-Austin

Austin, Texas (USA)

162.35110.04
---Department of Finance, McCombs School of Business, University of Texas-Austin

Austin, Texas (USA)

162.3570.04
122Grupo de Análisis para el Desarrollo (GRADE)

Lima, Peru

162.61251.19
123European Bank for Reconstruction and Development (EBRD)

London, United Kingdom

165.17130.8
124École d'Économie d'Aix-Marseille, Aix-Marseille Université

Aix-en-Provence/Marseille, France

167.431191.35
---Research Department, Federal Reserve Bank of Minneapolis

Minneapolis, Minnesota (USA)

170.69190.08
---Centre for Market and Public Organisation (CMPO), School of Economics, University of Bristol

Bristol, United Kingdom

171.59120.5
125Fletcher School of Law and Diplomacy, Tufts University

Medford, Massachusetts (USA)

171.8720.12
126Federal Reserve Bank of Philadelphia

Philadelphia, Pennsylvania (USA)

171.92460.24
127Kenan Flagler Business School, University of North Carolina-Chapel-Hill

Chapel Hill, North Carolina (USA)

172.08110.28
128H. John Heinz III School of Public Policy and Management, Carnegie Mellon University

Pittsburgh, Pennsylvania (USA)

173.47220.22
129Division of International Banking & Finance Studies, Texas A&M International University

Laredo, Texas (USA)

175.5630.19
130Economics Department, Georgetown University

Washington, District of Columbia (USA)

176.25500.31
131Department of Economics, Princeton University

Princeton, New Jersey (USA)

181.33500.05
132Sectie Economie, Wageningen Universiteit en Researchcentrum

Wageningen, Netherlands

181.51301.89
133Economics, Westmont College

Santa Barbara, California (USA)

182.0810.32
134European Xtramile Centre of African Studies (EXCAS)

Liège, Belgium

184.9120.05
135Økonomisk Institut, Københavns Universitet

København, Denmark

185.08800.3
---Economics Department, Stern School of Business, New York University (NYU)

New York City, New York (USA)

185.09200.16
---Research Department, Federal Reserve Bank of Philadelphia

Philadelphia, Pennsylvania (USA)

185.1290.21
136Department of Agricultural, Environmental and Development Economics, Ohio State University

Columbus, Ohio (USA)

186.18240.52
---Innocenzo Gasparini Institute for Economic Research (IGIER), Università Commerciale Luigi Bocconi

Milano, Italy

189.25490.15
137School of Business, Leicester University

Leicester, United Kingdom

189.45410.4
138Department of Economics, Texas A&M University

College Station, Texas (USA)

189.62360.26
139Department of Economics, Hebrew University of Jerusalem

Jerusalem, Israel

190.15380.43
---Center for Global Management, Anderson Graduate School of Management, University of California-Los Angeles (UCLA)

Los Angeles, California (USA)

193.8740.03
140Centre for Development Studies, University of Bath

Bath, United Kingdom

194.1431
141Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI)

Praha, Czech Republic

196.27850.92
142International Economics Section, The Graduate Institute of International and Development Studies

Genève, Switzerland

197.14530.72
143School of Business and Economics, Universidade Nova de Lisboa

Lisboa, Portugal

197.49570.29
144Socio-Technical Infrastructure for Electronic Transactions (STIET), University of Michigan

Ann Arbor, Michigan (USA)

198.0110.12
145Sauder School of Business, University of British Columbia

Vancouver, Canada

198.75250.11
146Krannert School of Management, Purdue University

West Lafayette, Indiana (USA)

198.86340.22
---Institutt for samfunnsøkonomi, Norges Handelshøyskole (NHH)

Bergen, Norway

199.45400.3
---Research Department, Inter-American Development Bank

Washington, District of Columbia (USA)

199.74130.85
147Department of Land Economy, University of Cambridge

Cambridge, United Kingdom

199.77300.1
148Department of Economics, University of Notre Dame

South Bend, Indiana (USA)

201.01520.1
149Institute of Social Studies (ISS)

Den Haag, Netherlands

205.41180.34
150Facultad de Economía y Empresa, Universidad de Zaragoza

Zaragoza, Spain

206.94831.43
151School of Public and Environmental Affairs, Indiana University

Bloomington, Indiana (USA)

206.95150.35
---Finance and Private Sector Research, World Bank Group

Washington, District of Columbia (USA)

208.1100.57
152Department of Economics, University of Cape Coast

Cape Coast, Ghana

208.2122.49
153Católica Porto Business School, Universidade Católica Portuguesa

Porto, Portugal

212.35381.25
---Finance Department, Stern School of Business, New York University (NYU)

New York City, New York (USA)

213.43170.05
154Asian Development Bank

Manila, Philippines

214.09480.64
155Facultad de Economía y Negocios, Universidad de Chile

Santiago, Chile

215.25590.52
156Federal Reserve Bank of Boston

Boston, Massachusetts (USA)

217.18530.46

The rankings

Top 10% authors in the field of Microfinance

For Microfinance, these are 261 authors affiliated with 1564 institutions.
All authors classified in this field.

RankAuthorScore
1Dean S. Karlan

Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois (USA)

2.3
2Simplice A Asongu

African Governance and Development Institute (AGDI), Yaoundé, Cameroun

3.04
3Thorsten Beck

Robert Schuman Centre for Advanced Studies (RSCAS), European University Institute, Firenze, Italy

3.85
4Ross Levine

National Bureau of Economic Research (NBER), Cambridge, Massachusetts (USA)

3.98
5Jonathan Morduch

Wagner Graduate School of Public Service, New York University (NYU), New York City, New York (USA)

4.15
6Jonathan Zinman

Economics Department, Dartmouth College, Hanover, New Hampshire (USA)
Abdul Latif Jameel Poverty Action Lab (J-PAL), Massachusetts Institute of Technology (MIT), Cambridge, Massachusetts (USA)

5.97
7Asli Demirguc-Kunt

World Bank Group, Washington, District of Columbia (USA)

8.76
8Christopher Woodruff

Department of International Development (Queen Elizabeth House), Oxford University, Oxford, United Kingdom

9.03
9David McKenzie

Economics Research, World Bank Group, Washington, District of Columbia (USA)

9.49
10Allen N. Berger

10.66
11Charles M. C. Lee

Graduate School of Business, Stanford University, Stanford, California (USA)

12.74
12Xavier Gine

Economics Research, World Bank Group, Washington, District of Columbia (USA)

14.17
13Shahidur Rahman Khandker

International Food Policy Research Institute (IFPRI), Washington, District of Columbia (USA)

15.08
14Dilip Mookherjee

Institute for Economic Development, Department of Economics, Boston University, Boston, Massachusetts (USA)

15.53
15Christopher R. Udry

Department of Economics, Northwestern University, Evanston, Illinois (USA)

15.77
16Esther Duflo

Economics Department, Massachusetts Institute of Technology (MIT), Cambridge, Massachusetts (USA)

18.25
17Sendhil Mullainathan

Booth School of Business, University of Chicago, Chicago, Illinois (USA)

18.27
18Robert Cull

Economics Research, World Bank Group, Washington, District of Columbia (USA)

18.84
19Roy Mersland

Institutt for økonomi, Handelshøyskolen, Universitetet i Agder, Kristiansand, Norway

18.91
20Abhijit Vinayak Banerjee

Economics Department, Massachusetts Institute of Technology (MIT), Cambridge, Massachusetts (USA)

19.55
21Franklin Allen

Business School, Imperial College, London, United Kingdom

19.57
22Robert M. Townsend

Department of Economics, University of Chicago, Chicago, Illinois (USA)
Economics Department, Massachusetts Institute of Technology (MIT), Cambridge, Massachusetts (USA)

20.85
23Ariane Szafarz

Centre Emile Bernheim, Solvay Brussels School of Economics and Management, Université Libre de Bruxelles, Bruxelles, Belgium
Centre for European Research in Microfinance (CERMi), Bruxelles/Brussel, Belgium

26.56
24Raymond Fisman

Department of Economics, Boston University, Boston, Massachusetts (USA)

26.6
25Inessa Love

Department of Economics, University of Hawaii-Manoa, Manoa, Hawaii (USA)

26.69
26Gregory Udell

Department of Finance, Kelley School of Business, Indiana University, Bloomington, Indiana (USA)

27.79

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