Ajai is working on understanding the strategic adaptation of emerging economy firms during institutional transition. This line of work focuses on the interplay between internal governance structure and external governance environment and its effect on firm strategies and performance. Ajai has also worked on issues related to institutional distance between different governance environments, MNCs' ownership strategies, staffing strategies and entry mode choice in international investments. Empirically, he has examined firms based in Australia, China, Germany, India, Japan, New Zealand, South Korea, UK and USA. Some of his research has appeared in journals such as Journal of Management, Journal of Management Studies and Management International Review.
AIB Best Dissertation Award 2008, AIB Best Dissertation Proposal Award 2006.