Name Card

Samit Paul
Assistant Professor
Academic Group: 
Finance and Control
Phone No.: 
033-24678300 (Extn: 2079)
Contact Details: 
M-408, New Academic Building IIM Calcutta
Email ( 


Academic Background: 
Fellow of IIM Lucknow, AICWA, MBA (Finance)
Courses Taught: 
- Cost and Managerial Accounting - Selected Aspects of Time Series and Panel Data Econometrics - Financial Risk Management - Seminar Course on Research Methods in Finance and Accounting
• Outstanding Paper in the 2019 Emerald Literati Awards (August 2019) • Best Student Researcher Award at the 4th International Conference on Global Business, Economics, Finance and Social Sciences (December 2015) • Highly Commendable Student Research Paper Award at the 2nd PAN IIM World Management Conference organized by IIM Kozhikode (November 2014) • Qualified UGC-NET in Management (October, 2010) • Ranked 2nd in MBA within the university (Silver Medallist) • Ranked 6th in All India Mathematics Talent (AIMT) search • Scored highest in English in Higher Secondary examination (Gold Medallist)


Work Experience: 
December 2017 to Present : Assistant Professor, Finance and Control, Indian Institute of Management, Calcutta February 2017 to November 2017: Assistant Professor, Accounting and Finance,Indian Institute of Management, Ranchi June 2016 to February 2017: Assistant Professor, Finance and Accounting, International Management Institute, Kolkata June 2007 to June 2012: Assistant Manager, Statutory Reporting, HSBC July 2003 to July 2005: Executive, Projects, PRADAN
Current Projects: 
Modelling multivariate tail dependence: Estimation of intraday portfolio risk in the Indian Market


Journal Publications: 
- Does earnings management affect linguistic features of MD&A disclosures? with P. Sharma, Finance Research Letters (accepted) - Downside risk and portfolio optimization of energy stocks: A study on the extreme value theory and the vine copula approach, with M. Karmakar, The Energy Journal (accepted) - White Knight in Dark Days? Supply Chain Finance Firms, Blockchain, and the COVID-19 Pandemic, with A. Adhikari, and I. Bose, Information & Management (accepted) - Challenges in Teaching Finance in COVID era and the Remedies: Viewpoint from India, with N. Sivasankaran, International Journal of Electronic Finance (accepted) - What's hidden behind bulk deals? A study on Indian stock market, with V. Rajvanshi, Managerial Finance, 48 (4), 557-576, 2022. DOI 10.1108/MF-08-2021-0374 - Finance Education in Business Schools During COVID-19 Pandemic: A Viewpoint, Management and Labour Studies, DOI: 10.1177/0258042X221074753 (accepted) - Financing Models for an Online Seller with Performance Risk in an E-commerce Marketplace, with S. B. Rath, P. Basu, and P. Mandal, Transportation Research Part E, 155, 102468, 2021 - Game of Names: Blockchain Premium in Corporate Names, with P. Sharma, Managerial and Decision Economics, 42 (5), 1059-1078, 2021 - Forecasting gains by using extreme value theory with realized GARCH filter, with P. Sharma, IIMB Management Review, 33 (1), 64-70, 2021 - Idiosyncrasies of Intraday Risk in Emerging and Developed Markets: Efficacy of the MCS-GARCH Model and Extreme Value Theory, with A. Banerjee, Global Business Review, 0972150920927357, 2020 - What's in a name? A lot if it has "blockchain", with P. Sharma and S. Sharma, Economics Letters, 186, 108818, 2020 - Time varying efficiency in Indian Sectors: An event study on Demonetization, Journal of Quantitative Economics, 18, 103–127, 2020 - Review of Literature on Working Capital Management and Future Research Agenda, with P. Prasad, N. Sivasankaran, S. Chattopadhyay and P. Saravanan, Journal of Economic Surveys, 33(3), 827-861, 2019 - Intraday portfolio risk management using VaR and CVaR: A CGARCH-EVT-Copula approach, with M. Karmakar, International Journal of Forecasting, 35(2), 699-709, 2019 - Relative efficiency of Component GARCH-EVT approach in managing intraday market risk, with M. Karmakar, Multinational Finance Journal, 21(4), 247-283, 2017 - Quantile forecasts using the Realized GARCH-EVT approach, with P. Sharma, Studies in Economics and Finance, 35(4), 481-504, 2018 - Measuring impact of working capital efficiency on Financial Performance of a firm: An alternative approach, with P. Prasad, N. Sivasankaran and M. Kannadhasan, Journal of Indian Business Research, 11(1), 75-94, 2019 - An analytical modelling approach for assessing the impact of competition on a homogeneous product firms's investment decision in innovation, with A. Adhikari, Global Business Review (Special issue: Operations Management and Innovation), 19(3S), 39S-53S, 2018 - Improved VaR forecasts using extreme value theory with the Realized GARCH model. with P. Sharma. Studies in Economics and Finance, 34(2), 238-259, 2017 - Intraday risk management in International stock markets: A conditional EVT approach, with M. Karmakar, International Review of Financial Analysis. 44(2), 34-55, 2016 - Testing the skill of mutual fund managers: Evidence from India. with P. Sharma, Managerial Finance, 41(8), 806-824, 2015 - Does Value Premium Exist in India? with M. Karmakar, IUP Journal of Applied Economics, 14(2), 54-64, 2015 - Does Liquidity Determine Capital Structure? Evidence from India. with P. Sharma, Global Business Review, 16(1), 84–95, 2015 - Credit rating agencies: Regulatory Reforms. with P. Sharma, Finance Manager, the Annual Journal of the Finance Association at XLRI, 2012
(2016) Intraday portfolio risk management using conditional extreme value copulas with EVT margins. 23rd Annual Global Finance Conference. Fresno, CA, USA [PRESENTED] (2016) Quantile Forecasts for the European Stock Markets: The Realized GARCH-EVT Approach. - 52nd Annual Conference Of The Indian Econometric Society, IIM Kozhikode, India [PRESENTED] - Annual Switzerland Business Research Conference, Geneva, Switzerland [ACCEPTED] (2015) Improved VaR forecasts using extreme value theory with the Realized GARCH model. 3rd PAN-IIM World Management Conference, IIM Indore, India [PRESENTED] (2015) Intraday VaR using Component GARCH-EVT Approach: An Empirical Study in Select Stock Markets. 4th International Conference on Global Business, Economics, Finance & Social Sciences. Global Business Research Journals, Kolkata, India [PRESENTED] (2014) Do mutual fund managers outperform random portfolios. - 4th India Finance Conference, IIM Bangalore, India [PRESENTED] - 2nd Pan-IIM World Management Conference, IIM Kozhikode, India [PRESENTED] (2012) Credit rating agencies: Regulatory reforms. International Conference on Banking and Finance, IMI, New Delhi, India [PRESENTED]
Books/Book Chapters: 
- The Effect of Changes in the Policy Rates on Borrowing and Lending of Banks in India, with A. Banerjee, in Revisiting the Indian Financial Sector: Recent Issues and Perspectives, Ed. P. Mukherjee, 2022
Research Interests: 
Volatility and VaR modeling, Portfolio management, Risk management