Faculty Details
Dr. Tushar Ranjan Panigrahi
Professor - Finance & EconomicsEducation Qualification: Ph.D. (Management), MBA (Finance), MA (Economics)
Area of Interest: Security Analysis & Portfolio Management, Derivatives & Risk Management, Financial Modelling
Academic Experience: 21 Years
Institute: Unitedworld School of Business, Karnavati University, Gandhinagar, Gujarat
Duration: 22nd June 2020 – 10th May 2024
Designation: Associate Professor in Finance & Economics
Overview:
Served as an Associate Professor, and Program Chair of the Ph.D. program in Management. Responsibilities include teaching, research, and mentoring Ph.D. scholars. The areas of expertise span Financial Analytics, Managerial Economics, and Capital Markets. Additionally, Dr. Panigrahi actively contributed to the development of research projects within the university.
Institute: Institute for Technology & Management (ITM), Kharghar, Navi Mumbai
Duration: 24th October 2017 – 19th June 2020
Designation: Associate Professor in Finance
Overview:
As an Associate Professor at ITM, he handled core finance subjects like Financial Management, Derivatives and Risk Management, and Financial Modelling. He played an instrumental role in faculty development by conducting workshops in Time Series Analysis and Excel Applications. Also engaged in the development of the school's research output and Ph.D. program support.
Institute: St. Francis Institute of Management Research, Mumbai
Duration: 11th December 2014 – 14th October 2017
Designation: Assistant Professor in Finance
Overview:
Served as an Assistant Professor with a focus on financial modelling and econometrics. Contributed to faculty development by organizing workshops on SPSS and research methodologies for academic professionals.
Institute: Thakur Institute of Management Studies & Research, Mumbai
Duration: 4th July 2012 – 9th December 2014
Designation: Assistant Professor in Economics
Overview:
Specialized in Managerial Economics, guiding students in the application of quantitative techniques and analysis in finance and economics. The role involved lecturing on macroeconomics, business environment, and financial markets.
Institute: Institute of Management & Information Science, Bhubaneswar, Odisha
Duration: 16th June 2008 – 28th May 2012
Designation: Assistant Professor in Economics & Finance
Overview:
Taught courses on Economics and Finance, fostering a practical understanding of financial markets, security analysis, and economic theory among students.
Institute: ICFAI National College (INC), Bhubaneswar, Odisha
Duration: 18th December 2006 – 5th June 2008
Designation: Assistant Professor in Finance and Economics
Overview:
As an Assistant Professor, Dr. Panigrahi was responsible for teaching core finance and economics subjects, including Managerial Economics and Corporate Finance. In addition to classroom teaching, he guided numerous student projects in financial analysis and risk management. His role also involved the development and implementation of course structures for finance specialization programs.
Institute: The NIS Academy, Bhubaneswar, Odisha
Duration: 6th April 2004 – 16th December 2006
Designation: Assistant Professor in Finance and Economics
Overview:
In this position, Dr. Panigrahi handled courses in economics and finance, with a focus on preparing students for careers in banking, financial services, and the corporate sector. He facilitated practical learning through projects on stock market analysis, investment strategies, and corporate financial management. Dr. Panigrahi also contributed to curriculum development and participated in faculty training initiatives.
Conference / Seminar
Title: Water Management and the Model of Innovation Rejection
Date: 21st - 23rd January 2024
Venue: 9th PAN IIM World Management Conference, IIM Sambalpur
Overview: This paper explores the concept of innovation rejection in water management systems. It highlights how traditional methods are favored over innovative techniques in certain regions due to socio-economic and cultural factors. The study suggests frameworks for better adoption of innovative water management practices.
Award: Best Paper Award
Title: Use of Pervious Concrete in Conjunction with Rain Water Harvesting System in Hills with Rocky Soil Type
Date: 18th - 19th January 2024
Venue: International Conference on Future of Water Resources (ICFWR-2024), Indian Institute of Technology Roorkee
Overview: The study focuses on the combined use of pervious concrete and rainwater harvesting systems in hilly regions with rocky soil types. It assesses the feasibility and environmental benefits of these systems, providing practical solutions for water conservation in such challenging terrains.
Title: Factors Affecting FDI at G7 Countries through Panel Data Analysis
Date: 7th - 8th April 2023
Venue: National Conference on Emerging Trends: A Road to Digitalization, Innovation & Endurable Transformation (DIET), Unitedworld School of Business, Karnavati University, Gandhinagar
Overview: The research focuses on identifying factors influencing foreign direct investment (FDI) in G7 countries. It employs panel data analysis to assess key variables driving FDI in these economies. The study's findings provide insights into economic policies that can promote foreign investments.
Title: Groundwater Management Governance in India
Date: 7th - 8th April 2023
Venue: National Conference on Emerging Trends: A Road to Digitalisation, Innovation & Endurable Transformation (DIET), Unitedworld School of Business, Karnavati University, Gandhinagar
Overview: This paper addresses the issues of groundwater management in India, focusing on governance structures and sustainability challenges. It explores the critical role of policies and local governance in managing water resources efficiently.
Title: Overview of the Water Scarcity Problem in India
Date: 31st March - 1st April 2023
Venue: 3rd International Conference on Management Leveraging Industry 5.0: Sustainability, Innovation and Disruption, Kohinoor Business School, Mumbai
Overview: The research delves into the growing issue of water scarcity in India. It highlights the socio-economic and environmental impacts of water scarcity and discusses potential solutions through sustainable water management practices.
Title: A Time Travel of Published Research Articles on Pervious Concrete through Bibliometric Analysis
Date: 2nd - 4th February 2023
Venue: International Conference on Business Digitalisation and Sustainability (ICBDS 2023), UPES, Dehradun
Overview: The study provides a bibliometrics analysis of published research articles on pervious concrete. It identifies key trends and emerging areas in the domain, focusing on the role of pervious concrete as a sustainable infrastructure solution.
Title: Health Fraud Detection Using Bayesian Co-clustering: Case of an Indian Insurance Company
Date: 4th - 7th January 2023
Venue: 9th International Communication Management Conference (ICMC 2023), MICA, Ahmedabad
Overview: The paper investigates the detection of health fraud in an Indian insurance company using Bayesian co-clustering. The study presents an innovative approach to identifying fraud patterns and suggests improvements for insurance fraud detection systems.
Title: Is Artificial Intelligence Reshaping the Health Industry? A Bibliometrics Review Using Thematic Analysis
Date: 4th - 7th January 2023
Venue: 9th International Communication Management Conference (ICMC 2023), MICA, Ahmedabad
Overview: This research explores the impact of artificial intelligence (AI) on the health industry. Using bibliometrics and thematic analysis, it investigates the transformation of healthcare practices and the role of AI in improving medical services and patient care.
Title: Study of Opinions of Key Stakeholders in Acceptance of Pervious Concrete as a Sustainable Infrastructure Solution: A Qualitative Analysis
Date: 3rd - 5th November 2022
Venue: 9th International Conference on Sustainability (SUSCON 9), Indian Institute of Management (IIM) Shillong
Overview: The paper presents a qualitative analysis of stakeholders' opinions regarding the acceptance of pervious concrete as a sustainable infrastructure solution. It emphasises the environmental benefits and long-term economic impacts of adopting this technology in construction.
Title: Return Spillover between Cryptocurrencies, Gold, and Silver: Analysis Before and During COVID-19 Pandemic
Date: 21st - 22nd April 2021
Venue: 1st IIM Bodh Gaya Management Conference 2021 on Post-COVID Management Strategies: Recovery, Resilience & Adaptation, IIM Bodh Gaya
Overview: This study examines the return spillover effects between cryptocurrencies, gold, and silver before and during the COVID-19 pandemic. It uses econometric models to explore the dynamic relationships between these assets during periods of market uncertainty.
Title: Comparison of Market Efficiency in the Banking Stocks Listed under Bombay Stock Exchange and New York Stock Exchange
Date: 5th December 2020
Venue: National E-Conference on Technology Innovation and Entrepreneurship: Recent Trends and Practices, Sasmira’s Institute of Management Studies & Research, Mumbai (sponsored by AICTE)
Overview: The paper compares the market efficiency of banking stocks listed on the Bombay Stock Exchange (BSE) and New York Stock Exchange (NYSE). The research provides empirical insights into market behaviour in two different financial ecosystems.
Title: Risk and Return Linkage Amongst Stock Indices, Crude Oil, Gold, Silver, Currency Exchange Rates & Bitcoin Prices: An Examination Using Econometric Models
Date: 29th August 2020
Venue: IIF International Conference and Summit on Banking, Money & Crypto Markets, Indian Institute of Finance, New Delhi
Overview: This study investigates the interrelationships between various asset classes, including stock indices, commodities, and cryptocurrencies, using econometric models. The analysis highlights the co-movements and risk-return profiles of these assets, providing insights for investors and policymakers.
Title: Return & Risk Spill-Over Effect Amongst Indian Auto-Makers and Global Auto-Makers: A Case of Multivariate GARCH Approach
Date: 17th - 18th January 2020
Venue: SIMSR International Finance Conference (SIFICO) 2020 on Risk Management in Banks and Financial Markets, K. J. Somaiya Institute of Management Studies & Research, Mumbai
Overview: This paper examines the spill-over effects of return and risk between Indian and global automobile makers using the multivariate GARCH model. The study offers insights into the interconnectedness of global and Indian auto markets.
Title: Assessment of Market Efficiency: A Case of Major Stock Indices of Emerging Asian Countries in Pre-Recessionary and Post-Recessionary Phases
Date: 18th - 19th January 2019
Venue: ICSSR Sponsored International Conference on Emerging Socio-Economic Trends and Business Strategy, International School of Business & Media, Kolkata
Overview: The study evaluates market efficiency in the context of major stock indices in emerging Asian economies. By comparing pre- and post-recession phases, it sheds light on the evolution of market efficiency.
Title: Return Spill-Over & Volatility Spill-Over Amongst Stock Indices of the Top Eight Economies: A Case of Multivariate GARCH Approach
Date: 15th February 2019
Venue: International Conference on Techno-Management Trends (ICTMT) 2019, Institute for Technology and Management (ITM), Kharghar
Overview: This research analyses the volatility spill-over across stock indices of leading economies using a multivariate GARCH model. The study provides insights into the dynamic relationships between global stock markets.
Title: Impact of Credit Rating on the Stock Returns and Capital Structure: A Case of Automobile and Auto-Ancillary Companies Rated by CRISIL & ICRA
Date: 30th November - 1st December 2018
Venue: National Conference on Industrial Engineering & Technology Management (NCIETM) 2018, NITIE, Mumbai
Overview: The paper investigates how credit ratings affect the stock returns and capital structure of automobile and auto-ancillary companies in India. It highlights the role of credit ratings in financial decision-making for firms.
Title: Comparative Performance Evaluation of Relative Strength Index and Moving Average Convergence & Divergence: A Case of Twenty Sectoral Indices
Date: 30th November - 1st December 2018
Venue: National Conference on Industrial Engineering & Technology Management (NCIETM) 2018, NITIE, Mumbai
Overview: This study compares the performance of technical indicators, Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), across 20 sectoral indices in India. The findings provide a comprehensive view of their predictive power for stock