Sibanjan Mishra

Overview:

Dr. Sibanjan Mishra is an Assistant Professor, Finance and Accounting area at IIM Bodh Gaya. His teaching interests are in courses like Corporate Finance, Financial Institutions and Markets, Security Analysis, and Fund Management. He is also developing a course on sustainable finance. His research interest lies in the areas of corporate finance decisions, commodity markets, digital finance and sustainable finance. He has published his research works in journals like, Global Finance Journal, International Review of Economics and Finance, Quarterly Review of Economics and Finance, Managerial Finance. He is a regular reviewer of research papers for journals like Finance Research Letters, Economic Modelling, International Review of Economics and Finance, etc. Before joining IIM Bodh Gaya, he has been associated with T A Pai Management Institute (TAPMI) – Manipal and XIM University, Bhubaneswar.

Areas of Expertise:

• Corporate Finance, Energy Markets, Sustainable Finance, Digital Finance

Academic background:

• Ph.D. from Department of Business Administration, Utkal University, Odisha
• MBA from BPUT, Odisha
• Institute of Cost Accountants of India (Intermediate)

Affiliations:

• Assistant Professor, Finance and Accounting, Indian Institute of Management, Bodh Gaya from May 2025 – present
• Associate Professor, Accounting Economics and Finance, T A Pai management Institute (TAPMI), Manipal from Nov 2023- May 2025
• Associate Professor, Finance, XIM University, Bhubaneswar from Sep 2019- Nov 2023
• Assistant Professor, Finance, XIM University, Bhubaneswar from May 2015 – August 2019

Teaching Interests:

• Corporate Finance
• Security Analysis
• Fund Management
• Financial Institutions &Markets

Research Interests:

• Corporate finance
• ESG markets and Oil Shocks
• Digital Finance
• Sustainable Finance

Publications (Journal Articles):

1. Bhattacherjee, P., Mishra, S., & Kang, S. H. (2025). Extreme frequency connectedness, determinants and portfolio analysis of major cryptocurrencies: Insights from quantile time-frequency approach. The Quarterly Review of Economics and Finance, 101974.(ABDC-B, Scopus Q2)
2. Bhattacherjee, P., Mishra, S., & Kang, S. H. (2025). Extreme return connectedness across environmental, social and governance indices and Brent crude oil markets. Journal of Financial Economic Policy, (ahead-of-print). (ABDC-B, Scopus-Q2)
3. Bhattacherjee, P., & Mishra, S. (2025). Oil shocks and capital structure: Role of ESG across the globe. International Review of Economics & Finance, 99, 103982. (ABDC-A, Scopus-Q1)
4. Afshan, S., Yaqoob, T., Zaied, Y. B., Mishra, S., & Mishra, S. (2024). Oil shocks and currency behavior: A dual approach to digital and traditional currencies. Global Finance Journal, 101002 (ABDC-A, Scopus-Q1)
5. Bhatacharjee. P, Mishra. S, Bouri, E (2024), " ESG, clean energy, and petroleum futures markets: Asymmetric return connectedness and hedging effectiveness", International Review of Economics and Finance (ABDC-A, Scopus-Q1).
6. Bhatacharjee. P, Mishra. S, Bouri, E (2024), "Does asset-based uncertainty drive asymmetric return connectedness across regional ESG markets? ", Global Finance Journal, (ABDC-A, Scopus-Q1).
7. Bhatacharjee. P, Mishra. S, Kang. SH (2024), "Extreme time-frequency connectedness across U.S. sector stock and commodity futures markets", International Review of Economics and Finance, (ABDC-A, Scopus-Q1).
8. Mishra, S., & Deb, S. G. (2024). Energy-consumption, financial-development, and economic-growth: Evidence from the Asia-Pacific economies. Macroeconomics and Finance in Emerging Market Economies, 1-23. (ABDC -C, ABS-2)
9. Bhatacharjee. P, Mishra. S, Kang. SH (2023), "Does market sentiment and global uncertainties influence ESG-oil nexus? A time-frequency analysis", Resources Policy 86 (Part A) (ABDC-B, ABS-2)
10. Dasgupta. R, Mishra. S (2023), "Performance feedback and firms search behaviors: Role of corporate governance in companies around the world", BRQ Business Research Quarterly, https://doi.org/10.1177/23409444231164427, (Sage, ABDC-B, ABS-2)
11. Mishra, S & Mishra S (2021) “Are Indian sectoral indices oil shock prone? An empirical evaluation”, Resources Policy, Volume 70, 101889. (ABDC-B, ABS-2)
12. Mohanty, SK & Mishra. S (2020) “Regulatory Reform and Market Efficiency: The Case of Indian Agricultural Commodity Futures Markets”, Research in International Business and Finance, Vol 52, 101145 (ABDC-B, ABS -2)
13. Mishra, A & Mishra, S (2020) “Re-visiting long memory in global equity markets: An empirical analysis”, Global Business Review, doi:10.1177/0972150920966879 (Scopus, ABDC-C)
14. Mishra.S. & Dasgupta. R. (2019) “Cross-impact of leverage and performance: Developed versus frontier bank-based economies”, Managerial Finance, Vol 45, Issue 8, pp 982-1000. [ABDC –B, ABS-1, Scopus Q2,]
15. Deb.S, Mishra.S. & Banerjee.P (2019) “Stock Market, Banking Sector and Economic Growth: A Cross Country Analysis over Different Economic Cycles”, Studies in Economics and Finance, Vol 36, Issue 3, pp 338-364., [ABDC -B, ABS-1]
16. Ray.M, Sarangi,M & Mishra. S. (2019) “Public expenditure and economic development during different development stage: Regional Analysis of India”, Economic and Political Weekly Vol 54, No – 10, pp50-56. [ABDC-B]
17. Mishra.S. (2019) “Testing Martingale Hypothesis Using Variance Ratio Tests: Evidence from High Frequency Data Of Ncdex Soya-Bean Futures”, Global Business Review, Vol 20, No-6, pp1407-1422 [ABDC -C]
18. Mishra.S. & Deb.S (2019) “Predictors of firm growth in India: An exploratory analysis using accounting information”, Cogent Economics and Finance, Vol-6, Issue-1 [ABDC -B]
19. Mishra.S. (2016) “Macro-economic factors and foreign direct investment in India: a Toda Yamamoto causality approach”, International Journal of Economics and Business Research, Vol 11, No. 3 pp 195-208. [ABDC- C]
20. Mishra.S. (2016) “Technical analysis and risk premium in Indian equity market: a multiple regression analysis”, IUP Journal of Applied Economics Vol. XV, No. 1, pp. 51-68. [ABDC - C]

Conference Papers:

• Bhattacherjee. P, Mishra. S, " ESG reporting and climate risks: Role of board gender diversity across national culture", India Finance Conference, 2024, IIM Raipur, December 2024.
• Bhattacherjee. P, Mishra. S, "Impact of Market Volatilities, Asymmetric Spillovers, and Hedging Effectiveness in ESG Markets: Insights from COVID-19 and Geopolitical Unrest", India Finance Conference, 2023, N L Dalmia, Mumbai, December 2023
• Mishra. S., “Revisiting capital structure-performance relationship: A Firm-level panel analysis of developed and frontier economies”, India Finance Conference, 2018, IIM Kolkata, December 20-22, 2018.
• Mishra. S., “Regulatory Reform and Market Efficiency: The Case of Indian Agricultural Commodity Futures Markets”, India Finance Conference, 2018, IIM Kolkata, December 20-22, 2018.
• Mishra. S., “Assessing predictability of firm revenue growth using financial information: New evidence from India”, ICEF 2018 at BITS Pilani KK Birla Goa Campus.
• Mishra. S., “Government spending and economic development: Evidence from India states”, ICFIF, 2017 at IIT Kharagpur.