Arun Kumar Misra
Associate Professor
arunm@iimsambalpur.ac.in
+91 8617028251
Arun Kumar Misra
Dr. Misra has received his MPhil & PhD from the Indian Institute of Technology, Mumbai. He has more than 20 years of industry and teaching experience. He worked in a leading PSU Bank in various areas of banking like, Credit Planning, Basel implementation, ALM, Capital Planning, Profit Planning, CRM and Market Risk etc. As a senior banker, he has completed the required certifications related to Management Accounting, Foreign Exchange, Risk Management, Banking Laws and Banking IT services.
After 7 years of banking experience, Dr. Misra joined IIT Kharagpur in 2008 as an Assistant Professor of Finance & Accounting and promoted to Associate Professor in 2014. Dr. Misra offers core and electives subjects like Corporate Finance, International Financial Management, Financial Risk Management, Options and Derivatives, Management of Banks, Banking Analytics, Financial Risk Modeling etc.
Under the guidance of Dr. Misra, 9 PhD students of IIT Kharagpur have got their PhD degrees. He has conducted significant number of MDPs for banks, manufacturing companies and government departments. He has completed consulting assignments for Ministry of Statistics and Programme Implementation (MoSPI), ICSSR, IRDA, and for Banks. Dr. Misra has several publications in national and international journals. His research interests are in the areas of financial markets, market micro-structure, corporate finance, risk management, banking and asset pricing.
Corporate Finance, International Financial Management, Management of Banks, Financial Risk Management, Options and Derivatives, Banking Analytics, Market Micro-Structure, Macroeconomics, Econometrics.
Journal Publications
• Mishra AK, Misra AK, A kesharwani,(2022), “Emergency Responses of Indian Smart Cities during COVID-19 Pandemic” Journal of Urban Affairs, (Accepted)
• Pan, A & Misra AK (2021), “Carry-forward modelling for high frequency limit-order executions: an emerging market perspective”, American Business Review”, (Accepted)
• Rahman, Molla Ramizur, and Arun Kumar Misra(2021),”Bank Competition Using Networks: A Study on an Emerging Economy”, Journal of Risk and Financial Management 14: 402.
• Pan, A & Misra AK (2020), “Assessment of Asymmetric Information Cost in Indian Stock Market: A Sectoral Approach”, Global Business Review 1-24
• Kumar G, Misra A K & Ramizur A (2020), “Assessing Commonality in Liquidity: Evidence from an Emerging Markets Index Stocks”, Global Business Review (Accepted)
• Kumar G, Misra & A K (2020), “Long run commonality in Indian stocks: empirical evidence from national stock exchange of India”, Journal of Indian Business Research(Accepted)
• Mohapatra S., Misra A. K.& Kannan M, (2019), “Risk factors explaining returns anomaly in emerging market banks – study on Indian banking system” Journal of Economics & Finance, Springer US
• Roy, Sudipa, Misra, AK, Pradhan, PC & Ramizur A (2019), “Interrelationship among Liquidity, Regulatory Capital and Profitability-A Study on Indian Banks” Cogent Economics & Finance, 7, 1-20
• Rajverma R, Misra A. K.& Chandra, A (2019) “Impact of Ownership Structure and Dividend on Firm Performance and Firm Risk, Managerial Finance, (Accepted)
• Mohapatra S., Misra A. K. (2019), “Momentum Returns: A Portfolio Based Empirical Study to Establish Evidence, Factors and Profitability in Indian Stock Market,” IIMB Management Review, (Accepted)
• Mohapatra S., Misra A. K (2019), “Cross-sectional returns predictability for emerging market banks: A study on Indian banking system” Cogent Economics and Finance 7: 1586078 1-17
• Rajverma A. K., Arrawatia R., Misra A. K.& Chandra, A (2019), “Ownership structure influencing joint determination of dividend, leverage, and cost of capital” Cogent Economics & Finance, 7, 1-25,
• Kumar G., Misra A. K, (2019), “Liquidity-adjusted CAPM: An empirical analysis on Indian stock market”. Cogent Economics and Finance, Vol7(1), 1-15,
• Kumar, Gaurav and Misra A.K (2018), “Liquidity Commonality- A Study on NSE India” Journal of Asian Economics, Vol 59, 1-15 Page 5 -9
• Kumar, Gaurav and Misra A.K,(2015) “Closer View at the Stock Market Liquidity: A Literature Review”, Asian Journal of Finance & Accounting, Vol 7, No 2 (2015)
• Misra A.K, Mohapatra S.,(2017) “Dose Investment Style Effect Portfolio Returns- A Study on Indian Markets”, Global Business and Economic Review Vol. 19, No. 3, 2017,
• Kumar, Gaurav and Misra A.K.(2015) “Analysis of Liquidity- Study on Indian Mid-Cap Stocks”, International Journal of Economics and Finance, Vol. 7, No. 10,October 2015.
• Arrawatia, R, Misra A.K. & V Dawar,(2015) “Bank Competition and Efficiency: Empirical Evidence from Indian Market”, International Journal of Law and Management, Vol.57 (3),pp:217-231.
• Misra A.K, Mohapatra S.,(2015) “Indexing CNX NIFTY 50 Momentum Effects”, The Journal of Applied Economic Research, Vol.9, No.2
• Mohapatra, S and Misra A.K.,(2014) “Analysis of Momentum in Indian Stock Market: Evidence and Factors”, Economics, Management, and Financial Markets, Addleton Academic Publisher, New York, Vol 9 (3).
• Arrawatia, R and Misra A.K.,(2014) “Competition, Concentration and the Relevance of New Banks’ Entry in the Indian Banking System”, Global Business Review, Vol.15 (2)
• Misra, A.K.& Arrawatia, R,(2013), “A Conjectural Variation Approach for Assessment of Competition: A Case on Indian Commercial Banks”, Journal of Advances in Management Research, Emerald, Vol. 10, No. 1 12.
• Arrawatia, R and Misra, A.K., (2012), “Assessment of Competition in Indian Banking”, European Journal of Business and Management, Vol. 4, No. 20, pp.159-170.
• Arrawatia, R and Misra, A.K., (2012), “Competition in Banking Industry: A Literature Review”, International Journal of Commerce, Business and Management, Vol. 1, No. 3, pp. 120-126 14.
• Mahakud, J & Misra, A.K(2010) “Determination of Capital Structure in India: A Partial Adjustment Approach”, International Journal of Accounting and Finance, Vol:2, PP:220-235. Page 6 of 9 15.
• Mahakud, J & Misra, A.K (2009) “Do Leverage and Adjustment Costs affect Corporate Performance: Evidence from Indian Companies”, Journal of Management Research, Vol.9,PP:35-42.
• Misra, A.K & Mahakud, J, “Emerging Trends in Financial Markets Integration” International Journal of Emerging Markets Finance, 4 (3) (2009).
• Misra, A.K & Mahakud, J(2009), “Emerging Trends in Financial Markets Integration” International Journal of Emerging Markets Finance, 4 (3)
• Misra, A.K. & Ramanathan, A “Integration of Domestic Financial Markets” Journal of Applied Finance, Vol. 9, No. 6, August-September 2003
• Sebastian, V.J & Misra, A.K, “A Cointegration Causality Test among Call rates, Forward Premia and Repo/reverse repo rates”, Journal of Bank Management, Vo.II, No.2 , May, 2003. 19.
• Misra, A.K & Sebastian, V.J., “Causality between US $ & Indian Rupee” Finance India, Vol..XV,NO.4, December, 2001
Books Chapter
• Misra. A.K, “Integration of Financial Market and Its Macroeconomic Implications”, is published as a chapter of book title : Current Issue on Banking and Finance, edited by Manoranjan Sharma, Atlantic Publisher, 2007
• Misra, A.K, & Gopalan, M, “Yield Curve Linked TPM- A Paradigm Shift”, published in the Book titled “Global Banking: A Paradigm Shift”, published by FICCI, 2006.
• Misra, A.K., & Das, A.K, “Banks Scale Economies, Size and Efficiency: The Indian Experience” Covered in the Book titled “Indian Banking: Realizing Global Aspirations”, Published by Indian Banks’ Association, 2004.
• Das, A.K & Misra, A.K, “Interest Rate Risk Management in Banks”, published in the Book titled “Global Banking: A Paradigm Shift”, published by FICCI, 2004.
• Misra, A.K, “Benchmarking Operational Efficiency of Nationalized Banks” Published in the Special Volume of Indian Banks’ Association, 2003.
Conferences
• Gaurav Kumar, Arun Kumar Misra, “Commonality Dynamics Across Industries: Empirical study on India’s NIFTY50, ” accepted for oral presentation at the 3rd International Conference on Financial Markets and Corporate Finance (ICFMCF 2018), held on July 12-14, 2018 at IIT Kanpur.
• Gaurav Kumar, Arun Kumar Misra, “Commonality in Liquidity- New evidence from National Stock Exchange India”, American Economic Association, Philadelphia (USA), January 2018
• Rajverma A, Misra A.K & Chandra A, “Dividend Payout and Capital Structure: A Family Firm Perspective” at International Conference on Economics and Finance Research, Paris, France, 2017.
• Rajverma A, Misra A.K & Chandra A, “Dividend Payout Policy of Infosys Ltd.: How Much to Pay?” International Conference on Financial Markets and Corporate Finance, VGSOM, IIT Kharagpur, 2017
• Rajverma A, Misra A.K & Chandra A, “Agency Theory and Corporate Dividend Policy: Evidence from India” Management Doctoral Colloquium, VGSOM, IIT Kharagpur, 2017.
• Rajverma A, Misra A.K & Chandra A, “Ownership Structure and Dividend Policy of Family Firms” Management Doctoral Colloquium, VGSOM, IIT Kharagpur, 2016.
• Misra A.K, (2011) “Competition in Banking: The Indian Experience” IEEE Conference Proceedings, 8. Sharma M & Misra, A.K, “Micro Finance in India: Impressive Achievements but Miles to Go” Published in the Annual Conference, NABARD, Lucknow, April 2009.
• Sharma M & Misra, A.K, “U.S Sub-prime Crisis and Its Impact on India” Published in the Annual Money and Finance Conference, IGIDR, Mumbai, January 2009
• Manjunatha, B. G. Dr. Arun Kumar Misra and Dr. Mahendra Kumar, S “Financial Stability: A Global Perspective”, Published in the International Conference Volume, Organised by Indian Institute of Management, Indore, August 2008.
• Misra, A.K. & Ramanathan, A, “Emerging Trends in Financial Globalisation: The Indian Perspective”, Published in the International Conference Volume, Organised by Indian Institute of Management, Indore, August 2008.
• Misra, A.K & Manjunatha, B. G.” Stress Testing: An Empirical Analysis on Indian Banking Sector”, Published in the International Conference on Banking and Finance, NIFM Delhi, August 2008.
• Misra, A.K, “Integration of Foreign Exchange Spot and Forward Markets in India” Published in the 38th Indian Econometric Conference, 2000
• Organised Management Training Programmes for Canara Bank, Bank of India, Indian Bank, Andhra Bank, Syndicate Bank, PwC, L& T, Tata Metaliks, UCLI, Rajasthan Government Accounts Service Officers, etc,
• Completed Consultancy & Research Projects for ICSSR, MoSPI, IRDA,