Dharani Munusamy

Finance and Accounting

Ph.D. (Finance), M.Phil. (Finance), M.Com. (Business Finance), Pondicherry University

+91431 2505005

dharani@iimtrichy.ac.in

Dr. Dharani Munusamy earned his M.Com. in Business Finance, M.Phil., and Ph.D. in Finance from Pondicherry University. He was awarded the Bharath Rathna Dr. B.R. Ambedkar Gold Medal for his outstanding performance in the M.Phil. program. Additionally, he has qualified for the UGC-NET examination four times.

Dr. Dharani has over twelve years of teaching experience at the Master's and Doctoral levels, including experience teaching working executives. Before joining IIM Tiruchirappalli, he worked at IIM Kashipur (October 2020 - November 2022), ICFAI Business School (IBS)-Hyderabad (June 2015 - September 2020), and Loyola College, Chennai (July 2012 - May 2015). His teaching expertise includes Financial and Management Accounting, Financial Management, Financial Markets, Trading Strategies in Financial Markets, and Empirical Research in Accounting and Finance.

His research interests encompass Shariah investment, CSR and earnings management, investor sentiments, asset pricing, financial development, and economic growth. Dr. Dharani has published in various ABDC and Scopus-indexed journals, such as The World Economy, International Review of Economics and Finance, Global Finance Journal, International Economics and Economic Policy, Research in International Business and Finance, International Journal of Finance and Economics, and Review of Behavioral Finance. Additionally, he serves as a reviewer for several academic journals.

He strongly believes that 
கேடில் விழுச்செல்வம் கல்வி யொருவற்கு
மாடல்ல மற்றை யவை.   (400)
[Learning is excellence of wealth that none destroy; all other things are not wealth. (400)]

Journal Articles

Dharani, M., Hassan, M. K., Huda, M., & Abedin, M.Z. | Year – 2023

Covid-19 Pandemic and Stock Returns in India.  Journal of Economics and Finance. 47, 252-266. (Springer and Scopus & ABDC “B”)

Dharani, M., Hassan, M. K., Abedin, M. Z., & Ismail, M. A. | Year – 2022

Does a search attention index explain portfolio returns in India?. Borsa Istanbul Review. 22 (2), 226-239. (Elsevier and Scopus, Impact Factor: 3.348)

Dharani, M., Hassan, M. K., Rabbani, M. R., & Huq, T. | Year – 2022

Does the Covid-19 pandemic affect faith-based investments? Evidence from global sectoral indices. Research in International Business and Finance, 59, 101537. (Elsevier and Scopus & ABDC “B”, Impact Factor: 4.091)

Swamy, V and Dharani, M. | Year – 2021

Thresholds in Finance-Growth Nexus: Evidence from G-7 economies. Australian Economic Papers. 60(1), 1-40. (Wiley and Scopus & ABDC “B”).

Swamy, V and Dharani, M. | Year – 2020

Thresholds of Financial Development in the Euro Area. The World Economy.  43(6), 1730-1774. (Wiley and Scopus & ABDC “A”, Impact Factor: 1.450).

Swamy, V and Dharani, M. | Year – 2020

The Tipping Point of Financial Development? -Evidence from OECD Countries. International Economics and Economic Policy. 17 (1), pp. 125-165. (Springer and Scopus & ABDC “B”)

Dharani, M. | Year – 2019

Does Ramadan influence the stock market return: evidence form Shariah Index in India. Journal of Islamic Accounting and Business Research. Vol. 10 (4), pp. 565-579. (Emerald and Scopus & ABDC “C”). 

Dharani, M., Kabir Hassan, M., and Andrea Paltrinieri. | Year – 2019

Faith-based norms and portfolio performance: Evidence from India. Global Finance Journal. 41 (3), pp. 79-89. (Elsevier and Scopus & ABDC “A”).

Swamy, V Dharani, M., & Takeda, F. | Year – 2019

Investor attention and Google Search Volume Index: Evidence from an emerging market using quantile regression analysis. Research in International Business and Finance. Vol. 50 (4), pp. 1-17. (Elsevier and Scopus & ABDC “B”, Impact Factor: 4.091)

Swamy, V and Dharani, M. | Year – 2019

The dynamics of finance-growth nexus in advanced economies International Review of Economics and Finance. Vol. 64, pp.122-146. (Elsevier and Scopus & ABDC “A”, Impact Factor: 2.522).

Swamy, V and Dharani, M. | Year – 2019

Investor attention using the Google Search Volume Index - Impact on Stock Returns. Review of Behavioral Finance. Vol. 11 (1), pp.55-69.  (Emerald and Scopus & ABDC “B”).

Yadav, SK., and Dharani, M. | Year – 2019

Prioritizing of Banking Firms in India Using Entropy-TOPSIS Method. International Journal of Business Innovation and Research (IJBIR). Vol. 20 (4), pp. 554-570. (Interscience and Scopus & ABDC “C”).

Dharani, M. | Year – 2018

Islamic Calendar and Stock Market Behaviour in India. International Journal of Social Economics. 45 (11), pp. 1550-1566. (Emerald and Scopus & ABDC “B”).

Swamy, V and Dharani, M. | Year – 2018

An Alternative Approach in Explaining the Causal Link between Financial Development and Economic Growth - Evidence from Advanced Economies. International Journal of Finance and Economics, 23 (1), pp. 55-76. (Wiley and Scopus & ABDC “B”)

Swamy, V and Dharani, M. | Year – 2016

Analyzing the agricultural value chain financing: approaches and tools in India. Agricultural Finance Review, 76 (2), pp.211-232.  (Emerald and Scopus & ABDC “C”).

Financial Reporting and Analysis
Asset Pricing- (Research papers discussion for Ph.D.)
Valuation
Project Finance
Taught courses in Management Accounting, Financial Markets, and Trading Strategies in the Financial Markets to the executive program at the IIM Kashipur. 

Conference Presentations

The Indian Econometric Society | Year – 2019

Presented a research paper entitled on “Social Norms and Portfolio Performance: Evidence From Emerging Market” in the 55th Annual Conference of the Indian Econometric Society (TIES) organized by the Mumbai School of Economics and Public Policy, University of Mumbai and National Institute of Securities Markets, during January 8-10, 2019 at the NISM Patalganga campus.

The Indian Econometric Society | Year – 2018

Presented a research paper entitled on “Islamic Calendar and Stock Market Behaviour: Evidence from Emerging Market” in the 54th Annual Conference of the Indian Econometric Society (TIES) held at Shi Mata Vaishno Devi University, Katra, Jammu & Kasmir during 7-9 March, 2018.

ICFMCF | Year – 2016

Presented a research paper entitled on “Impact of Holyday effect on the Returns and Volatility of Shariah index in India” in the International Conference on Financial Markets and Corporate Finance (ICFMCF) held in Indian Institute of Technology Madras during 12-13 August 2016. 

The Indian Econometric Society | Year – 2016

Presented a research paper entitled on “Calendar Effects and Returns, volatility & Volumes: Evidence from Shariah index in India” at the 52nd Annual Conference of the Indian Econometric Society (TIES) held at the Indian Institute of Management, Kozhikode during 4 to 6 January 2016. 

AIMS Annual Management Convention | Year – 2015

Presented a paper entitled "Does Crisis Influence the Stock Market?  A Study on the Shariah Index and Common Index in India" in the 27th AIMS Annual Management Convention 2015 held at Shi Vaishnav Vidyapeeth Vishwavidyalaya, Indore from August 25-27, 2015. 

Indian Institute of Capital Market | Year – 2014

Presented a research paper entitled on “Impact of Weather on Return and Volatility: Evidence From Indian Stock Market” in the XIII capital Market Conference of the Indian Institute of Capital Market, Mumbai during 18 & 19 December 2014. 

Indian Institute of Capital Market | Year – 2013

Presented a research paper entitled on “Impact of Ramzan Fasting on Return and Volatility of the S&P CNX Nifty Shariah index in India” at the XII capital Market Conference of the Indian Institute of Capital Market, Mumbai on 19 & 20 December 2013. 

The Indian Econometric Society and IGIDR | Year – 2013

Presented a research paper entitled on “Impact of the crisis on Return and Volatility of the Shariah index and Common index in India” at the 50th Annual Conference of the Indian Econometric Society held in Indira Gandhi Institute of Development Research (IGIDR), Mumbai during 22 to 24 December 2013.

The Indian Econometric Society | Year – 2011

Presented a paper entitled “Nexus between Price and Net Asset Value (NAV) of the Exchange Traded Funds (ETFs) in India” at the 47th Annual Conference of The Indian Econometric Society (TIES) organized by the School of Future Studies and Planning, Devi Ahalya University from 6th January 2011 to 8th January 2011 in Indore, Madhya Pradesh.   

The Indian Econometric Society | Year – 2010

Presented a paper entitled “A Study on the Performance of Islamic Index and the Common Index” at the 46th Annual Conference of The Indian Econometric Society (TIES) organized by the Department of Economics, the University of Jammu from 4th March 2010 to 6th March 2010 in Jammu, Jammu & Kashmir.

The Indian Institute of Capital Market and ICFAI Business School-Hyderabad | Year – 2010

Presented a paper entitled “A Study on the Performance of Islamic Index in India” in the International Conference of Business and Finance organized by the Indian Institute of Capital Market and ICFAI Business School in Hyderabad, from 12th  March to 13th March 2010 in Hyderabad, Andhra Pradesh. 

In his previous Institution (IIM Kashipur), he held various positions as Area Chair from July 2021 to October 2022 (Finance & Accounting Area), Member of the Research Committee, Member of the Investment Committee, Member of the Design Innovation Centre (DIC), and Member of the Anti-ragging Committee

Dharani Munusamy has reviewed the papers from the following ABDC & Scopus-listed journals/conferences to enhance his professional growth. 

Journals 
Pacific-Basin Finance Journal
Review of Financial Economics
Global Finance Journal
Research in International Business and Finance
IIMB Management Review
IIM Kozhikode Society & Management Review
Global Business and Economics Review
The International Journal of Islamic and Middle Eastern Finance and Management
International Journal of Finance & Economics
Annals of Operations Research
International Journal of Emerging Markets
The IUP Journal of Bank Management
IUP Journal of Corporate Governance
The IUP Journal of Accounting Research and Audit Practices
Journal of Islamic Accounting and Business Research
Vikalpa The Journal for Decision Makers
 
Conferences
International Conference on Financial Markets & Corporate Finance, SJMSOM, IIT Bombay
NISM Capital Markets Conference

← Back to List