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Finance & Control

Sharad Nath Bhattacharya

Professor, Chairperson - Placement, Ph.D, University of Calcutta

Scopus Profile

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Contact:

  sharad@iimshillong.ac.in

  +91 364 2308032

Research Interest / Areas

Financial Markets, Market liquidity, Empirical Finance, Risk Management

Teaching Interest / Areas

Investments, Empirical Finance, Financial Markets and Institutions, Corporate Finance

Consultancy Interest / Areas

Impact Assessment and Evaluation, Investments

Sharad Nath Bhattacharya is a post-graduate in finance and holds a Ph.D.  from the University of Calcutta. An order of merit winner at the University of Calcutta for his rank at post-graduation level, he offers courses on Security Analysis and Portfolio Management, International Finance and Cost Management. Prof Bhattacharya’s research interests are in Empirical Finance, Financial Markets, Corporate Finance and Liquidity in Financial Markets. Active in serving the professional community, he has been visiting faculty at IIM Indore, IIM Raipur, IMT Ghaziabad and University of Calcutta. He is a life member of the Indian Finance Association. He has been a creative researcher, has published a large number of research papers in several reputed international and national journals including ABDC ranked journals. His papers are well received at national and international conferences. He is a sought after trainer in the Executive Development space spanned across the public sector units, defense entities as well as corporate entities.

Sharad Nath Bhattacharya joined IIM Shillong in 2013 and is currently serving as an associate professor in the area of finance. He has about twenty years of teaching and research experience. In the past, he was engaged in various capacities with the National Institute of Management Calcutta, University of Calcutta, Institute of Technology and Science, IMT Ghaziabad, Indian Institute of Management Indore, Indian Institute of Management Raipur, and Army Institute of Management, Kolkata.

Selected Journal Publications

  • Kar, D., Bhattacharya, S.N. & Bhattacharya, M (2026). Who benefits from Corporate Entrepreneurship Disclosure? Evidence from Credit Ratings. Economic Letters, 269, 113304 [ABDC A, ABS 3, SCOPUS]
  • Biswas, S., Bhattacharya, M., Jin, J. Y., & Bhattacharya, S. N. (2026). Does financial inclusion create incentive for earnings management? Evidence from BRICS. Australian Journal of Management, 03128962261425912. [ABDC-A; ABS 2, SCOPUS]
  • Mukherjee, S., Bhattacharya, S.N. and Bhattacharya, M (2025). Fuel Price Deregulation and Firm-level Mark-up: A Case of Indian Agriculture and Food Processing Firms. Foreign Trade Review 0(0). [ABDC B, SCOPUS]
  • Bhattacharya, S. N., Saha, B., Bhattacharya, M., & Basu, S. (2025). Will Terrestrial Biomes Survive in the Face of Greenhouse Gas Emissions Spillover: Insights from G20 Countries. Journal of Environmental Management. 380, 125137 [ABDC A; ABS 3]
  • Saikia, A., Bhattacharya, S.N. & Dwivedi, R. (2025). Institutional Theory and Multinational Corporation Internationalization Strategy: A Systematic Review and Future Research Agenda, International Journal of Emerging Markets, 20 (8), 3170–3192. [ABDC B]
  • Biswas, S., Bhattacharya, S.N., Jin. J., Bhattacharya, M. & Sadarangani, P. (2024). Loan loss provisions and income smoothing in banks: the role of trade openness and IFRS in BRICS, China Accounting and Finance Review. 26 (1), 76-101. [ABDC A]
  • Basu, S., Bhattacharya, S.N., Bhattacharya, M. & Pathak, J. (2022). Climate-related discussions in firms’ 10-K: Who does it and what is its impact? Economic Letters, 220, 110855 [ABDC-A, ABS 3, SCOPUS]
  • Bhattacharya, M., Bhattacharya, S. N. & Jha, S. (2022). Does Time-Varying Illiquidity Matter for the Indian Stock Market? Evidence from High-Frequency Data, Australian Journal of Management, 47(2), 251–272 [ABDC-A; ABS 2, SCOPUS]
  • Biswas, S., Bhattacharya, M., Bhattacharya, S.N., and Sadarangani, P.H. (2022). Does Inefficiency Influence Earnings Management through Discretionary Loan Loss Provisions? Evidence from Indian Banks, Journal of Economic Research, 27(2), 89-118. [ABDC-B]
  • Guhathakurta, K., Bhattacharya, S. N. & Bhattacharya, M. (2020). A Network Analysis of the Asia-Pacific and Other Developed Stock Markets: Pre and Post Global Financial Crisis, Applied Finance Letters, 9, 112-131. [ABDC-B].
  • Bhattacharya, S. N., Bhattacharya, M., & Basu, S. (2019). Stock Market and its Liquidity Parameters: Evidence from ARDL bound testing approach in Indian Context, Cogent Economics & Finance, 7(1). [ABDC-B, SCOPUS]
  • Bhattacharya, S. N., Bhattacharya, M. & Roychoudhury, B. (2017). Behaviour of the Foreign Exchange Rates of BRICS: Is it Chaotic? Journal of Prediction Markets, 11(2), 1-18. [ABDC – B]
  • Bhattacharya, S. N., Sengupta, P., Bhattacharya, M., & Roychoudhury, B. (2016). Multidimensional Liquidity: Evidences from Indian Stock Market. Applied Finance
    Letters
    , 5(2), 28-44. [ABDC – B]

Selected Conference Presentations

  • “Resilient or Constrained? The Role of Environmental uncertainty, Gender Diversity and Climate Policies in Shaping Bank profitability”, 14th India Finance Conference, IIM Visakhapatnam, December 2025.
  • “M&A Negotiation: Role of ESG Disclosures, Performance and Greenwashing”, 5th World Risk and Insurance Economics Congress 2025, Calgary, Canada
  • “Does Knowledge Absorptive Capacity Stick with Growth? Insights from Indian Industries”, Management Doctoral Colloquium, School of Management, IIT Kharagpur, January 2025.
  • “Do Female Directors Lessen Earnings Management in Banks? Perspective from Emerging Economies”, 13th India Finance Conference, IIM Raipur, December 19-21, 2024.
  • “Impact Evaluation of Fuel Price Deregulation on Firm-level Mark-up: A Case of Indian Agriculture and Food Processing Firms,” International Conference on Sustainability, Environment, and Social Transition in Economics and Finance, presented at Southampton Business School, University of Southampton, UK, December 2023.
  • “Diffusion of free subscription – adoption pattern in the telecom market,” IFIP WG8.6 Conference, presented at IIM Nagpur, December 2023
  • “Does Subnational Institutional Context Matter to MNC Subsidiary Performance and Institutional Distance? Evidence from a GMM Panel VAR Approach”, Academy of International Business (AIB) Conference, presented at SGH Warsaw School of Economics, Poland, July 2023.
  • “Do Global Food Price Inflation Have Memory: An Empirical Study Using Food Price Indices,” 2019 MTMI Annual Conference, Mauritius, December 2019.
  • Organized a six days Program on General Management with emphasis on Leadership Competencies for Senior Executives of Indian Oil Corporation Ltd during 26-31 August 2019 at IIM Shillong.
  • Organized a five days Program on Accounting Standards and Practical Aspects of GST for Officers of Indian Air Force during 12-16 June 2017 at IIM Shillong.
  • Organized a five days Program on Accounting Standards and Practical Aspects of GST for Senior Officers of Indian Air Force during 24-28 July 2017 at IIM Shillong.
  • Organized a five days Program on Accounting Standards and Practical Aspects of GST for Senior Officers of Indian Air Force during 23-27 October 2017 at IIM Shillong.
  • Order of Merit, University of Calcutta.
  • National Scholarship, GOI