Earnings Management
Corporate Governance
Compliance
Disclosure Norms in Accounting
Vinay Goyal holds a Ph.D. from Devi Ahilya University, with his doctoral research focused on accounting for human efforts in higher learning. A Chartered Accountant by qualification, he also completed his MBA from the Institute of Management Studies, Devi Ahilya University.
Apart from his academic responsibilities, Prof. Goyal also serves as the Director of Academic Operations at SPJIMR. With a career spanning 28 years, he has worked in various finance roles within banking and higher education. In 2005, he transitioned into academia, pursuing his passion for teaching at leading management institutes in India.
Prof. Goyal’s research interests include earnings management, corporate governance, compliance, and disclosure norms in accounting. His research contributions have been presented in leading finance journals, publications, and at conferences.
Master of Commerce (MCom), 2012
Major: Accounts and Taxation
Ph.D., 2009
Focus: Management
Master of Business Administration (MBA), 2003
Major: Finance and Human Resources
Chartered Accountant (CA), 1999 – Rank Holder
Master of Commerce (MCom), 1999
Major: Accounting and Taxation
Earnings Management
Corporate Governance
Compliance
Disclosure Norms in Accounting
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
Goyal, V., (2023), Don’t wait for a crisis: Rotate your auditors, Management Practice Insights. 2023;1(1):10-13. https://doi.org/10.59571/mpi.v1i1.3
Mitra, S.K., Goyal, V., Ali, S., and Chattopadhyay, M. (2023), Difference in the relationship between tourism growth and gender inequality in East Asia Pacific and South Asian countries, Asia Pacific Journal of Tourism Research, 28:5, 485-501, Taylor and Francis Online, DOI: 10.1080/10941665.2023.2250019
Taneja, A., Goyal, V., and Malik, K. (2023). Sustainability-oriented innovations – Enhancing factors and consequences. Corporate Social Responsibility and Environmental Management, 1– 19. Wiley-Blackwell Publishing. https://doi.org/10.1002/csr.2513
Jana, R. K., Ghosh, I., and Goyal, V. (2022). Spillover nexus of financial stress during black Swan events. Finance Research Letters, 48(C). Elsevier. https://doi.org/10.1016/j.frl.2022.102892
Chauhan, Y., Jaiswal, M., and Goyal, V. (2021). Does societal trust affect corporate capital structure? Emerging Markets Review, 51(PA). Elsevier. https://doi.org/10.1016/j.ememar.2021.100845
Goyal, V., Mitra, S. K. (2021). Is the asymmetric impact of aggregate revenue and aggregate earnings on the stock index in accordance with the prospect theory? International Review of Finance. Wiley-Blackwell Publishing. https://doi.org/10.1111/irfi.12350
Goyal, V. (2019). Brand Image and its Determinants: A Stochastic Frontier Approach Analysis. Review of Marketing Science, 17(1), 1-22. De Gruyter. http://dx.doi.org/10.1515/roms-2019-0037
Goyal, V., Khatwani, R. (2019). Predictor of Financial Dishonesty: Self Control, Opportunity, Attitudes. Academy of Accounting and Financial Studies Journal, 23(5). https://www.abacademies.org/articles/predictor-of-financial-dishonesty-self-control-opportunity-attitudes-8673.html
Goyal, V., Bawa, J., Mitra, S. K., Basu, S. (2019). An analysis of NPAs of Indian banks: Using a comprehensive framework of 31 financial ratios. IIMB Management Review, 31(1), 51-62. Elsevier. https://doi.org/10.1016/j.iimb.2018.08.004
Kumar, S. B., Goyal, V., Mitra, S. K. (2019). The relationship between earnings rounds up/down and global financial crisis: evidence from BRICS markets. Asia-Pacific Journal of Accounting and Economics. Taylor and Francis Online. http://dx.doi.org/10.1080/16081625.2019.1584756
Goyal, V., Gupta, S., Kalakbandi, V., Basu, S. (2018). Overconfidence, trading volume and liquidity effect in Asia’s Giants: evidence from pre-, during-and post-global recession. DECISION, 45(3), 235-257. Springer. https://doi.org/10.1007/s40622-018-0185-9
Goyal, V., Gupta, S., Mitra, S. K. (2018). Relationship between energy commodities: Markov Regime Switching approach. Academy of Accounting and Financial Studies Journal, 22(2), 1-8. https://search.proquest.com/openview/e17b28567480f6f90cc150ade0bc0f63/1?pq-origsite=gscholar&cbl=29414&casa_token=GPI4GkY-AR4AAAAA:ULC0bAI08X6OF290EtefY1Oo-Diexj86U6dgCcxc4jYKoDHQxnL-sh0eQsPl_dDvbUPPlwpM-PUeoQ
Goyal, V., Thakur, B. P., Kannadhasan, M. (2018). Determinants of corporate credit spread evidence from India. DECISION, 45(1), 59-73. DOI:10.1007/s40622-018-0179-7
Goyal, V., Kumar, S. B., Mitra, S. K. (2018). Do Indian Firms manage earning numbers? An empirical investigation. Academy of Accounting and Financial Studies Journal, 22(1), 1-7. https://www.abacademies.org/articles/do-indian-firms-manage-earning-numbers-an-empirical-investigation-6874.html
Goyal, V., Mitra, S. K., Kannadhasan, M. (2018). Yash Building center: Planning and Expansion (pp. 21 pages). Ivey Publishing.
Goyal, V., Kumar, S. B., Mitra, S. K. (2017). Joneja Bright steel: cash discount decision (pp. 8 pages). Ivey Publishing.
Goyal, V., Singh, B. P., Kannadhasan, M. (2017). Next India Traveller: A valuation challenge (pp. 9 pages). Ivey Publishing.
Goyal, V., Mittal, S., Tanted, N. (2016). Wonder Kidz Franchise (pp. 6 Pages). Ivey Publishing.
Goyal, V., Bawa, J. K., Mitra, S. K. (2016). Applied mobile labs: valuation of a start-up (pp. 13 pages). Ivey Publishing.
Goyal, V., Bhattacharya, N. (2016). The Emergence of Internet Currency: What Is Bitcoin’s Worth? (pp. 22 pages). The Case Center.
Goyal, V., Mitra, S. K. (2016). Anandam Manufacturing company – analysis of financial statements (pp. 6 pages). Ivey Publishing.
Goyal, V., Prashar, S. (2015). Merger of Kotak Mahindra Bank and Ing Vysya Bank: Creating Strategic Advantage. The Case Center.
Goyal, V., Prashar, S. (2015). Star Bank Limited: Managing the Branch (pp. 8 pages). The Case Center.
Goyal, V. (Author and Presenter), 4th International Conference on Financial Markets and Corporate Finance, “Non-Compliance, Board Structure, Firm performance: Interrelationship”, Shailesh J. Mehta School of Management (SJMSOM) IIT Bombay. (July 7, 2022).
Goyal, V. (Author and Presenter), “Analysis of brand image and its determinants using stochastic frontier analysis,” Deakin University, Melbourne. (February 2017).
Goyal, V. (Author and Presenter), The Institute of Business and Finance Research, Global conference on Business and Finance, “Basel III norms and banks: global trends and Indian experience,” Hawaii Global Conference, Honolulu, USA. (January 2014).
Goyal, V. (Author and Presenter), 7th ISDSI and 5th OSCM conference, “Corporate Debt Restructuring as a tool for curbing NPA: a critical study,” International Management Institute (IMI), New Delhi. (December 2013).
Financial Accounting
Cost and management accounting
Corporate Valuation
Corporate Finance
Banking Management
Financial Statement Analysis
Retail Banking
Rank Holder Chartered Accountant
Financial Accounting
Cost and Management Accounting
Financial Statement Analysis
Business Valuations
Commercial Banking
Professor, S. P. Jain Institute of Management and Research. (October 2020 – present).
Associate Professor, Indian Institute of Management, Raipur. (April 2014 – October 2020).
Associate Professor, Goa Institute of Management. (January 2012 – March 2014).
Professor and Principal, Altius Institute of Professional studies. (January 2011 – January 2012).
Reader (Associate Professor), CH Institute of Management and Commerce. (September 2006 – January 2011).
Reader (Associate Professor), Maharaja Ranjit Singh College of Professional Sciences. (April 2005 – September 2006).
Finance Manager
Finance Manager
Assistant Manager
Clerk
Articled Clerk
For Profit Organization, KPMG, Mumbai. (June 2017).
Management/Executive Development, Online – Advanced Corporate Finance and risk management. (January 2020 – August 2020).
Management/Executive Development, Online – Advanced Corporate Finance and risk management. (July 2019 – December 2019).
Management/Executive Development, IIM Raipur. (2014 – 2017).
Management/Executive Development, IIM Raipur. (2015 – 2016).
Reviewer Journal of Indian Business Research
International Marketing Review
Indian Finance Association
IFRS certification from KPMG