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20052026

Research activity per year

Personal profile

About

Dr. Pankaj Maskara is Professor of Finance and Chair of the Department of Accounting, Economics, and Finance at the H. Wayne Huizenga College of Business and Entrepreneurship, Nova Southeastern University (NSU), in Davie, Florida. He is a CFA charterholder (CFA Institute, 2009–present). He earned his Ph.D. in Finance from the University of Kentucky (2007), M.S. in Finance from Boston College (2001), MBA from Middle Tennessee State University (1999), and BBA from Tribhuvan University (1997). 

Dr. Maskara's research examines corporate finance, financial intermediation, syndicated lending, corporate governance, consumer finance, peer-to-peer (P2P) lending, financial inclusion, entrepreneurial finance, and the economics of artificial intelligence. His work has appeared in the Journal of Financial Economics, Journal of Banking and Finance, Journal of Financial Services Research, Journal of Financial Research, Financial Management, Journal of Business & Industrial Marketing, International Journal of Consumer Studies, AI and Society, Tsinghua Business Review, and the Harvard Business Review (Global Edition, 2018 and 2023). His 2021 article on P2P lending and financial inclusion was recognized by Financial Management as both a Top Downloaded Article (2021) and a Top Cited Article (2021–2022).

He is co-author, with Ivo Welch (UCLA Anderson School of Management), of the fourth edition of the Corporate Finance textbook (Tsinghua University Press, 2023). His JFE study on bank loan announcements was selected for translation in Contract and Economic Organization (2023), an anthology of foundational works in contract theory that includes chapters by Nobel Laureates Bengt Holmström, Oliver E. Williamson, and Oliver Hart. He also wrote the foreword to a recent edition of Nobel Laureate Herbert Simon's The Sciences of the Artificial (2023). His other books span entrepreneurial finance and entrepreneurship, including Entrepreneurial Finance (2020) and Entrepreneur's Handbook (2017).

Dr. Maskara serves as Co-Topic Editor for Frontiers in Artificial Intelligence and has served as a peer reviewer for Management Science, Journal of Money, Credit and Banking, Journal of Banking and Finance, Journal of Corporate Finance, European Financial Management, Journal of Financial Stability, AI and Society , and other journals, as well as an external promotion reviewer for full-professor candidates at R1 institutions including the University of Texas at San Antonio. He received Innovation in Teaching Award from the Financial Management Association International (2019). He has delivered invited talks and keynote presentations at international academic and industry forums, including the World AI Conference (WAIC), and has participated in high-level academic and policy discussions alongside Nobel Laureates in Economics, including Bengt Holmström (2016). His research on credit unions has informed U.S. policy discussion on the credit union tax exemption, with citations in the Wall Street Journal, Tax Foundation, and Federal Reserve Bank of Philadelphia analyses.

Entrepreneurship is central to Dr. Maskara's work. He is Founder and CEO of Educators Park Inc. (2017–present), where he mentors entrepreneurs and advises startups on strategy, financing, and growth. He has consulted and advised across startup, pre-IPO, and multinational firms, including Breakthru Beverage Group, one of the largest privately held companies in the United States. He has held finance positions at Modus Media International and Navic Networks. In 2001 he founded and served as Managing Director of New Modern Public School, an English-medium co-educational secondary school, where for about two years he led all operations, financial management, human resources, marketing, and information systems. He later founded NMPS Education Society, a U.S. 501(c)(3) nonprofit, to continue similar educational work for underprivileged students globally, and serves as its Founder and Chair. He was an approved participant at the United Nations Civil Society Conference (2019).

Education/Academic qualification

Ph.D., University of Kentucky

… → 2007

Finance, M.S., Boston College

… → 2001

M.B.A., Middle Tennessee State University

… → 1999

B.B.A., Tribhuwan University

… → 1997

ASJC Scopus Subject Areas

  • Finance
  • Peer-to-peer lending
  • FinTech
  • Event studies
  • syndicated loans
  • information asymmetry
  • corporate governance
  • financial intermediation
  • credit unions
  • financial inclusion
  • bank loan announcements
  • consumer finance
  • household debt
  • small business finance
  • Economics and Econometrics
  • Foreign direct investment
  • emerging markets
  • investor-state disputes
  • supply chain resilience
  • tariffs
  • household inflation response
  • Business, Management and Accounting(all)
  • supply chain resilience
  • Artificial Intelligence
  • Artificial Intelligence in Finance
  • FinTech
  • Generative AI

Research Interests

  • Financial intermediation and syndicated lending: information asymmetry, loan announcement effects, and the role of non-bank financial institutions in syndicated credit markets
  • financial inclusion and access to credit: peer-to-peer lending, credit unions, and the role of alternative finance platforms in serving micro-firms, small businesses, and underserved populations
  • consumer finance and household financial behavior: household debt, debt-related health outcomes, and consumer response to inflation
  • Corporate governance and firm outcomes: governance mechanisms, FDI flows, fraud enforcement, and the role of political connections in corporate decision-making
  • Trade policy and supply chain resilience: tariffs, import dependence in strategically important industries, and B2B network resilience in emerging and developed economies
  • Entrepreneurial finance and capital allocation: access to capital for young entrepreneurs, financing constraints in small and micro-firms, and capital misallocation in entrepreneurial markets
  • Economics of artificial intelligence: AI safety, the economics of AI deployment, generative AI in business and finance, existential risks of AI, and AI-related entrepreneurial opportunities
  • Empirical methods in finance: event study methodology, selection bias correction, and field-experimental approaches in finance and entrepreneurship research

Disciplines

  • Economics
  • Finance
  • Business

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