ashok

Name Card

Name: 
Ashok Banerjee
Position: 
Professor
Academic Group: 
Finance and Control
Phone No.: 
+91-33-2467-8300
Contact Details: 
Indian Institute of Management, Diamond Harbour Road, Joka, Kolkata-700 104. INDIA
Email (@iimcal.ac.in): 
ashok

Academics

Academic Background: 
Ph.D. ; Chartered Accountancy; M.Com.; B.Com. (Hons.)
Courses Taught: 
Financial Accounting, Financial Management; Mergers and Acquisitions, Corporate Restructuring, Quantitative Applications in Finance, Trading Strategies.

Experience

Consulting Interests: 
Restructuring of Electricity Supply Industry (ESI) of Thailand; Task Force on ESI Restructuring and Power Trading; Feasibility study for JK Centre of Excellence; Developing medium term business plan;Developing medium term business plan; Developing medium term business plan and Risk Management Policies
Work Experience: 
Professor (Finance & Accounting) Indian Institute of Management, Lucknow;. Associate Professor (Accounting & Finance), Indian Institute of Management, Lucknow; Professor (Finance) Institute of Management Technology, Ghaziabad; Associate Professor (Finance) Institute of Management Technology, Ghaziabad; Assistant Director, Board of Studies, Institute of Chartered Accountants of India; Lecturer in Accountancy in Durgapur Government College under West Bengal Education Service;

Research

Journal Publications: 
Quddus Kamran and Banerjee Ashok (forthcoming) Are professional fund managers less likely to sell winners? Evaluating how attention allocation impacts behavioural biases.IIMB Management Review Quddus, Kamran and Banerjee, Ashok. (forthcoming). Understanding heuristics-based financial decision-making using behavioral portfolio strategies. Review of Behavioral Finance. Banerjee, Ashok and Kanodia, Ayush and Ray, Partha. 2021. Deciphering Indian inflationary expectations through text mining: an exploratory approach. Indian Economic Review. 56 (1): 49 - 66. Banerjee, Anirban and Banerjee, Ashok. 2020. Does trade size restriction affect trading behavior? Evidence from Indian single stock futures market. The Journal of Futures Markets. 40 (3): 355 - 373. Banerjee, Ashok and Gupta, Arindam. 2019. Pradhan Mantri Jan Dhan Yojana as a financial inclusion drive: A case study of West Bengal. Decision. 46 (4): 335 - 352. Ray, Partha and Banerjee, Ashok. 2019. How much of RBI’s profit transfer is enough: Reading the Jalan Committee report. Economic and Political Weekly. LIV (40): 13 - 16. Nawn, Samarpan and Banerjee, Ashok. 2019. Do the limit orders of proprietary and agency algorithmic traders discover or obscure security prices?. Journal of Empirical Finance. 53 (1): 109 – 125 Nawn, Samarpan and Banerjee, Ashok. 2019. Do proprietary algorithmic traders withdraw liquidity during market stress?. Financial Management. 48 (2): 641 - 676. Ladkani, Radha and Banerjee, Ashok. 2018. Emerging Market Bidder Returns and the Choice of Payment Method in M&A: Evidence from India. Journal of Emerging Market Finance. 17 (3): 386 - 411. Banerjee, Ashok and Ray, Partha. 2018. The LIC-IDBI Deal: Sieving the Substance. Economic & Political Weekly. LIII (34): 19 - 22. Ladkani, Radha and Banerjee, Ashok. 2016. More than a Fair Share? Principal-Principal Conflicts in Emerging Markets: Evidence from India. International Journal of Economics and Finance. 8 (7): 31 - 46. Banerjee, Ashok and Deb, Soumya Guha. 2009. Downside Risk Analysis of Indian Equity Mutual Funds: A Value at Risk Approach. International Research Journal of Finance & Economics. 1 (23): 216 - 230. Banerjee, Ashok. 2008. Managing Risk in Mergers and Acquisitions. The Journal of Accounting and Finance. 22 (1): 64 - 69. Banerjee, Ashok and Deb, Soumya Guha and Chakrabarti, B.B. 2008. Persistence in Performance of Indian Equity Mutual Funds: An Empirical Investigation. IIMB Management Review. 20 (2): 172 - 187. Banerjee, Ashok and Deb, Soumya Guha and Chakrabarti, B.B. 2007. Market Timing and Stock Selection Ability of Mutual Funds in India: An Empirical Investigation. Vikalpa. 32 (2): 39 - 51. Banerjee, Ashok and Deb, Soumya Guha and Chakrabarti, B.B. 2006. Value Premium in Indian Equity Market: An Empirical Evidence. The Icfai Journal of Applied Finance. 12 (12): 41 - 60. Banerjee, Ashok and Dwivedi, Neeraj. 2005. L&T: Restructuring Cement Business. Asian Case Research Journal. 9 (1): 83 - 115. Banerjee, Ashok and Bhattacharyya, Malay. 2005. Price Relationship between Index Futures and Index Spot: Evidence from India. Indian Accounting review. 9 (1): 1 - 17. Banerjee, Ashok and Banerjee, Sayantan. 2004. Availability Based Tariff: An Economic Instrument for Grid Discipline. Economic and Political Weekly. XXXIX (35): 3939 - 3946. Banerjee, Ashok and Bhattacharyya, Malay. 2004. Measuring Operational Risks of Banks: An Overview. The Journal of Banking, Information Technology and Management. 1 (2): 3 - 15. Bhattacharyya, Malay and Banerjee, Ashok. 2004. Integration of Global Capital Markets: An Empirical Exploration. International Journal of Theoretical and Applied Finance. 7 (4): 385 - 405. Banerjee, Ashok. 2003. Real Option Valuation of a Pharmaceutical Company. Vikalpa. 28 (2): 61 - 73. Bhattacharyya, Malay and Banerjee, Ashok. 2001. Determinants of Capital Structure- Revisited Empirically. The ICFAI Journal of Applied Finance. 7 (2): 38 - 53. Banerjee, Ashok. 2000. Linkage between Economic Value Added and Market Value: An Analysis. Vikalpa. 25 (3): 23 - 36. Banerjee, Ashok. 1999. Economic Value Added and Shareholder Wealth - An empirical study of relationship. Paradigm. 3 (1): 99 - 133.
Conferences: 
Banerjee, Anirban and Banerjee, Ashok. 2019. Algorithmic Traders and Volatility Information Trading. Paper Presented at the NSE-NYU Conference on Indian Financial Markets, December 10 - 11, in Mumbai, India. Banerjee, Anirban and Banerjee, Ashok. 2019. An Inspection into Information Flow between Spot and Futures Market Through Order Imbalance. Paper Presented at the Southwestern Finance Association 2019 Annual Conference, March 13 - 16, in Houston, USA. Chowdary, Bobbur Abhilash and Banerjee, Ashok. 2019. Window Dressing in Mutual Funds: New Evidence. Paper Presented at the Southwestern Finance Association 2019 Annual Conference, March 13 - 16, in Houston, USA. Chowdary, Bobbur Abhilash and Banerjee, Ashok. 2018. Window Dressing in Mutual Funds: New Evidence. Paper Presented at the India Finance Conference, December 20 - 22, in Kolkata, India. Quddus, Kamran and Banerjee, Ashok. 2018. Are algorithmic traders really distracted? Evidence from Indian financial markets. Paper Presented at the NSE-NYU Conference on Indian Financial Markets , December 10 - 11, in Mumbai, India. Quddus, Kamran and Banerjee, Ashok. 2017. Investor Attention and Sentiment. Paper Presented at the 10th Annual Meeting of the Academy of Behavioral Finance & Economics, October 18 - 20, in Los Angeles, USA. Banerjee, Anirban and Banerjee, Ashok. 2017. Does Trade Size Restriction Affect Trading Behaviour? – Evidence from Indian Single Stock Futures Market. Paper Presented at the 2017 Derivative Markets Conference, Auckland Centre for Financial Research, August 10 - 11, in Auckland, New Zealand . Banerjee, Ashok and Nawn, Samarpan. 2016. Market Liquidity: A Study from Proprietary Algorithmic Traders Perspective. Paper Presented at the 28th Asian Finance Association Annual Conference, June 26 - 28, in Bangkok, Thailand. Sayantan Kundu and Ashok Banerjee, “A Special Case of Black-Litterman Model and its Application to Indian Stock Markets – A Survey Based Approach” – India Finance Conference 2015, IIM Calcutta, 17-19 December, 2015 Sayantan Kundu and Ashok Banerjee, “Implementing Short-term Contrarian Strategy Using Endogenous Conditioning of Black-Litterman Portfolio Model” – South Western Finance Association Conference 2015, Houston, Texas, USA, 11-14 March, 2015 Sayantan Kundu and Ashok Banerjee, “Revisiting Momentum Strategy using Endogenous Conditioning of Black-Litterman Portfolio Model”, IIMB Management Review Doctoral Conference 2014 (IMRDC), IIM Bangalore, 22-23 December, 2014 Sayantan Kundu and Ashok Banerjee, “Testing Short Term Contrarian Strategy using Endogenous Conditioning of Black-Litterman Portfolio Model”, India Finance Conference 2014, IIM Calcutta, 17-19 December, 2014 Radha Ladkani and Ashok Banerjee, “Lead Kindly Light? A Blended Neo-classical and Behavioural Context of Merger Waves in Emerging Markets”, 13th FRAP –Finance, Risk and Accounting Perspectives Conference, ACRN, Cambridge, United Kingdom, November 2013 Radha Ladkani and Ashok Banerjee, “Emerging Market Bidder Returns and the Choice of Payment Method in M&A: Evidence from India”, Midwest Finance Association Annual Meeting 2013, Chicago, USA Radha Ladkani and Ashok Banerjee, “Promoter Ownership and the Principal-principal conflicts: Evidence from India” 6th Doctoral Colloquium 2013, Indian Institute of Management Ahmedabad. Radha Ladkani and Ashok Banerjee, “Merger Waves in Emerging Markets: Evidence from India” Accepted for presentation at the 13th Finance, Risk and Accounting Perspectives, ACRN, being held at the Cambridge University, UK, in Nov, 2013 Banerjee, Ashok and Avittathur, Balram. 2008. Design of an Oil Management Game Software. Paper Presented at the Design of an Oil Management Game Software. Paper Presented at the Fifth International Conference on Service Systems and Service Management (ICSSSM’08), June 30 - 2, in Melbourne, Australia. Banerjee, Ashok and Sarkar, Sahadeb. 2008. Modeling Regional Electricity Load in India. Paper Presented at the Modeling Regional Electricity Load in India. Paper Presented at the Hawaii International Conference on Business, May 22 - 25, in Honolulu, Hawaii. Banerjee, Ashok and Saha, Debashis. 2008. Pricing Telecom Infrastructure in a Monopolistic Market: A Novel NPV-based Approach. Paper Presented at the Pricing Telecom Infrastructure in a Monopolistic Market: A Novel NPV-based Approach. Paper Presented at the Hawaii International Conference on Business, May 22 - 25, in Honolulu, Hawaii.
Articles/Cases: 
Ashok Banerjee and Anirban Banerjee, Managing Price Risk at Hindalco [IIMC-CRC-2020-09] Ashok Banerjee and Suren Sista, GNRC Ltd. [IIMC-CRC-2017-09] Bodhibrata Nag and Ashok Banerjee, Airport Express Metro Line: The Turnaround Story [IIMC-CRC-2017-06] Bodhibrata Nag and Ashok Banerjee, Indian Railways: In Quest of a Sustainable Turnaround [IIMC-CRC-2014-04]
Books/Book Chapters: 
Partha Ray and Ashok Banerjee How much of RBI’s Profit Transfer is Enough in Indian Economy: The Great Slowdown (ed) Uma Kapila, Economic Developments in India (EDI) Volume 248. Academic Foundation. 2020 Financial Accounting: A Managerial Emphasis, Excel Books, New Delhi. 3rd revised edition, 2009
Research Interests: 
Sentiment Analysis, Market Microstructure, FinTech