Kunjana Malik
  •  kunjana.malik@spjimr.org

Kunjana Malik

Associate Professor, Finance and Economics

Kunjana Malik holds a Ph.D. in Finance from the Faculty of Management Studies (FMS), Delhi University, and an MBA from NIT Kurukshetra.  Prior to joining SPJIMR, she taught Finance as an Assistant Professor at reputed institutes such as IMT Ghaziabad, Narsee Monjee Institute of Management Studies, Shaheed Sukhdev College of Business Studies, etc.

Her teaching interests are Financial Econometrics, Investment Banking, Financial Analysis, Working Capital Management, Financial Management, Business Analysis and Valuation, Investment Analysis and Portfolio Management, and Cost and Management Accounting.  She has published several research papers in the ABDC list of journals and presented papers at reputed conferences.

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Education

University of Delhi

Ph.D. (2018), Faculty of Management Studies

NIT Kurukshetra

MBA, 2006-2008

Major: Finance

UP Technical University, Lucknow

B.Tech, 2002-2006

Major: Electronics and Communication

  • Research interests

    Private Equity

    Venture Capital

    Sustainability

    Financial Contagion

    Green Supply Chain Management

  • Selected publications

    Patra, S., & Malik, K. (2025). Return and volatility connectedness among US and Latin American markets: A QVAR approach with implications for hedging and portfolio diversification. Global Finance Journal. Elsevier. https://doi.org/10.1016/j.gfj.2025.101094

    Patra, S. and Malik, K. (2024). Can oil be used as an alternate asset for investment? Unveiling new insights using the NARDL model incorporating structural breaks. Accounting and Finance, 00, 1–25, Wiley-Blackwell Publishing. https://doi.org/10.1111/acfi.13386

    Taneja, A., Goyal, V., and Malik, K. (2024). Conceptual Framework of Factors Enhancing Sustainability-oriented Innovations. Abhigyan, 0(0). https://doi.org/10.1177/09702385241257773

    Malik, K. and Sharma, S. (2024), Role of ESG and private equity on environmental degradation: a nexus of opportunity and responsibility for developing and developed countries, Journal of Economic Studies, Emerald Publishing Limited. https://doi.org/10.1108/JES-11-2023-0672

    Malik, K. and Sharma, S. (2023), The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries, International Journal of Energy Sector Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJESM-03-2023-0010

    Taneja, A., Goyal, V., and Malik, K. (2023). Sustainability-oriented innovations – Enhancing factors and consequences. Corporate Social Responsibility and Environmental Management, 1–19. https://doi.org/10.1002/csr.2513

    Saini, N., Malik, K., and Sharma, S. (2023). Transformation of Supply Chain Management to Green Supply Chain Management: Certain Investigations for Research and Applications. Cleaner Materials, 100172, an Elsevier Scopus Indexed Journal. https://doi.org/10.1016/j.clema.2023.100172

    Goodell, J. W., Corbet, S., Yadav, M. P., Kumar, S., Sharma, S., and Malik, K. (2022). Time and frequency connectedness of green equity indices: Uncovering a socially important link to Bitcoin. International Review of Financial Analysis, 84, 102379, Ranked A in the ABDC list of Journals. https://doi.org/10.1016/j.irfa.2022.102379

    Saini, N., Antil, A., Gunasekaran, A., Malik, K., and Balakumar, S. (2022). Environment-Social-Governance Disclosures nexus between Financial Performance: A Sustainable Value Chain Approach. Resources, Conservation and Recycling, 186, 106571. , Impact Factor 13.7. Environment-Social-Governance Disclosures nexus between Financial Performance: A Sustainable Value Chain Approach – ScienceDirect. https://doi.org/10.1016/j.resconrec.2022.106571

    Kapur, M., Banerjee, A., and Malik, K. (2022). FACTORS IMPACTING LIQUIDITY OF BANKS: AN EMPIRICAL STUDY FROM THE BANKING SECTOR IN THE UAE. Indian Journal of Finance and Banking, 10(1), 61-74. https://doi.org/10.46281/ijfb.v10i1.1779

    Sharma, S., and Malik, K. (2022). Comovement of Fear Index, Stock Returns, Brent Oil Prices in BRIC Countries: The Case of COVID-19. The Indian Economic Journal, ranked B in the ABDC list of journals. Comovement of Fear Index, Stock Returns, Brent Oil Prices in BRIC Countries: The Case of COVID-19 – Sakshi Sharma, Kunjana Malik, 2022 (sagepub.com) https://doi.org/10.1177/00194662221082188

    Sharma, S., Malik, K., Kaur, M., and Saini, N. (2021). Mapping research in the field of private equity: a bibliometric analysis. Management Review Quarterly, 1-29. ABS Journal with Impact Factor of 5.3. Springer. https://doi.org/10.1007/s11301-021-00234-9

    Malik, K., Sharma, S., and Kaur, M. (2021). Measuring contagion during COVID-19 through volatility spillovers of BRIC countries using diagonal BEKK approach. Journal of Economic Studies. Emerald Insight. https://doi.org/10.1108/JES-05-2020-0246

    Kaur, M., Malik, K., and Sharma, S. (2021).  A Note on Boardroom Challenge, Board Effectiveness and Corporate Stewardship During COVID-19. Vision: The Journal of Business Perspective. SAGE. https://doi.org/10.1177%2F0972262920987326

    Kapur, M., Banerjee, A., and Malik, K. (2020). Qualitative Assessment of Basel III Liquidity Standards and its Application in the UAE. Indian Journal of Finance and Banking, 4(2), 118-129. Indian Journal of Finance and Banking. Centre for Research on Islamic Banking and Finance and Business. https://doi.org/10.46281/ijfb.v4i2.765

    Malik, K., Sharma, S., and Kaur, M. (2020). COVID-19 and the Indian Private Equity Industry: Time to Use the Dry Powder. Vision, 24(3), 255-259. Vision: The Journal of Business Perspective. SAGE. https://doi.org/10.1177%2F0972262920942047

    Link to Google Scholar

  • Conferences

    Malik, K., and Patra, S., Can oil act as a safe-haven asset during financial turmoil? Unveiling new insights using NARDL model incorporating structural breaks. Paper presented at the 30th Annual Conference of the Multinational Finance Society, Vaasa, Finland (June 30–July 3, 2024).

    Malik, K., Sharma, S., Renewable energy and private equity impact on environmental degradation of BRICS countries, International Conference on Creating and Managing Responsible Organisations – An Emerging Economy Perspective (ICCMRO’23) (October 2023).

    Paper on ‘ Exploring Potential for Deep Technology in the Indian Startup Area: A perspective’ presented at the Winter Conference at Great Lakes Institute of Management, Gurgaon, on 19-20 December 2022.

    Paper on Measurement of Earnings Quality: A comparative study on PE-Backed Firms and NonPE backed firms in Presented at 4th Biennial Indian Academy of Management Conference held in December 2015 at IIM Lucknow, Noida Campus.

    Presented Paper on Effect of Private Equity on Investment and Financial constraints of Manufacturing Sector: A Dynamic Panel Data Analysis at Fore International Operations Conference held in November 2015.

  • Periodicals

    Sharma, S., Malik, K. (2021). Need to boost impact investing in India. The Pioneer.

  • Courses

    Investment Banking

    Financial analysis and Working capital management

    Financial Econometrics

    Corporate Finance

    Cost and Management Accounting

    Corporate Valuation

    Investment analysis and portfolio management

    Project analysis and financing

  • Awards and honours

    Life Member, The Indian Econometric Society (TIES), India

    Worked on a Documentary titled ‘Sankalp- A Journey of friends fighting diabetes in the year 2010

    Qualified UGC- NET exam and got the Junior Research Fellowship (JRF) in Management to pursue Research by Government of India

  • Teaching interest

    Finance

  • Work experience

    S. P. Jain Institute of Management and Research, Mumbai- August 2022 to present

    Vijay Patil School of Management, DY Patil University- May 2021 to August 2022

    IMT Ghaziabad- December 2020 to May 2021

    NMIMS, Mumbai- June 2019 to December 2020

    Shaheed Sukhdev College of Business Studies, Assistant Professor( Finance)- July 2017 to May 2019

    Amity University, Noida ( 2009-2012)

  • MDPS/FDPS

    Attended one week workshop on ‘ Big Data and Machine Learning’ from 7-11 June 2022 at IGIDR, Mumbai

    Attended FDP on Panel Data Regression Modelling conducted by Apeejay School of Management, Dwarka on 27 and 28th December 2013

    Attended Two Days Faculty Development Programme on Financial Econometrics held at Bhartiya Vidyapeeth Institute of Management Research (BVIMR), New Delhi, July 2014

  • Reviewer experience

    Vision- The Business Perspective, International Journal of Emerging Market, Cogent Business and Management, Journal of Economic Studies etc.

  • Social impact

    Worked on a Project on “Women Entrepreneurship in Rural India: A Key role in making Atmanirbhar Bharat” sponsored by Mahatma Gandhi National Council of Rural Education.

  • Professional memberships

    Life Time Member of The Indian Econometric Society.

  • Licensures and certifications

    Certified Financial Manager, CFM, Bangalore

  • Contracts, grants and sponsored research

    Worked on a Project on “Women Entrepreneurship in Rural India: A Key role in making Atmanirbhar Bharat”  sponsored by Mahatma Gandhi National Council of Rural Education.(September 2021- February 2022)

    Project on ‘ Private Equity and Venture Capital 4.0: Studying the impact of sustainable finance on performance and risk mitigation of emerging countries’ has been accepted by ‘ Indian Council of Social Sciences Research’. ( 7 March 2022- 7 March 2023)

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