Dr. Mrunali Jambotkar

@khandolacollege.edu.in

Assistant Professor of Commerce
Government College of Arts, Science and Commerce, Khandola, Goa

Dr. Mrunali Jambotkar


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https://researchid.co/mrunalijam
Dr. Mrunali Jambotkar is an Assistant Professor in commerce (Group A Gazzeted Officer) at Government College of Arts, Science and Commerce, Khandola, Marcela, Goa. She was awarded with Ph.D. Degree in Finance from Goa University. She holds a UGC NET and SET Qualification. Dr. Mrunali Jambotkar started her academic career in 2018 and has around 7 years of teaching experience. Her area of academic specialization is Finance and Accounting. She is been offering various subjects such as Derivatives Market, Econometrics, Corporate Tax and Planning, Financial Services, Advanced Cost Accounting, Financial Management, Accounting for Service Organisation, Entrepreneurship Development and so on.
Her area of research interest includes broad areas in Finance and Management including Stock Market, Portfolio Management, Risk Management, Econometrics, Marketing, Tourism, and Derivatives Market. Being academically inclined, she holds the credit for presenting many research papers at National and Int

EDUCATION

Ph.D. in Commerce, M.Com, NET/SET

RESEARCH, TEACHING, or OTHER INTERESTS

Business, Management and Accounting, Economics, Econometrics and Finance, Social Sciences, Marketing
6

Scopus Publications

49

Scholar Citations

4

Scholar h-index

1

Scholar i10-index

Scopus Publications

  • How finfluencers’ content streaming on social media affects audiences’ investment behavior: a PLS-SEM approach
    Suraj Velip, Mrunali Jambotkar
    Journal of Media Economics, 2026
    The rise of finfluencer’s financial content communication on social media platforms has transformed how individual investors absorb financial information and execute investment decisions. Considering this critical research theme, this study explores how finfluencers, as new-age attention-based economic agent within the digital media ecosystem, stimulate emotions, intentions and reframe the investment behavior with their specific financial narratives. The structural relationship and mediation model are empirically validated using partial least squares structural equation modeling (PLS-SEM) based on survey data from Indian retail investors.’ The results demonstrate that the emotional engagement perceived from asset tips and financial education influences investment intention and behavior. Trading strategies, investment reviews and market analysis of the other conjunctions failed to have a notable effect. The findings imply that the investor’s response to finfluencer content is molded less by rational utility maximization and more driven by behavioral and informational economics notions. This provides useful insights for finfluencers, educators and policymakers seeking to promote more informed and intellectually balanced financial communication strategies and investment behavior in the digital economy.
  • Cryptocurrencies fall from grace: Snatched safe flight to which haven during Russia-Ukraine conflict?
    Suraj Velip, Mrunali Jambotkar
    Journal for Studies in Economics and Econometrics, 2025
    The unprecedented upheaval in an economic and financial system facilitates herding behaviour and flight-to-safety (FTS) episodes from a riskier asset into a safer one. The Russia-Ukraine conflict shows that the financial market assets are still prone to external shock. In line with this, the study explores the inconclusive insights on an FTS from cryptocurrencies to US treasury securities. The paper employs dynamic conditional correlation – generalized autoregressive conditional heteroskedasticity (DCC-GARCH) to test the FTS episode for a period from February 24, 2022 to February 23, 2023. The findings hold a sizeable negative and significant volatility coefficient, particularly DCCα, which directs to support the notion of short-lived FTS from cryptocurrencies to treasury securities during the invasion period. Nevertheless, some evidence of the positive volatility effect points out the risk diversification benefits. The results also show flight-to-quality from BTC, ETH, USDT, BNB, ADA and MATIC to the US dollar index (USDX), however, for other cryptocurrencies, it acts as a diversifier. We unfolded several implications that could be interesting for a market participant looking for evidence on the behaviour of cryptocurrencies and govt. backed securities during times of market uncertainty in the future.
  • A wavelet-based time-frequency dependency and safe haven attributes of gold: evidence from the Russia–Ukraine war
    Suraj Velip, Mrunali Jambotkar, Savita Velip
    Applied Economics Letters, 2025
    In the context of the Russia–Ukraine war, this study examines the dependence structure and evaluates the safe haven attributes of gold for equity in the time-frequency domain. We use the wavelet coherence analysis for the leading stock markets and gold prices. Empirical results indicate that gold can be regarded as a safe haven for France, Italy and German stock markets only during the early phase of the war as the market regained quickly from the downturn. Further, in the long-run, a few evidences of positive connectedness demonstrate the diversifier property of gold against stocks. These contributions may be useful for portfolio investors that are desirous of managing and readjusting their portfolio with gold and equity in times of market turmoil.
  • Asymmetric volatility of the US dollar index in the stock and cryptocurrency market during the Russia-Ukraine war
    Suraj Velip, Mrunali Jambotkar
    International Journal of Banking Accounting and Finance, 2024
    In this study, we analyse if changes in the US dollar index (USDX) have a volatility and asymmetric effect on stock and cryptocurrency market returns in light of the Russia-Ukraine war. We estimate an asymmetric dynamic conditional correlation model (ADCC) that shows the short-term and long-term volatility persistence and asymmetric effect for ten leading cryptocurrencies and stock markets. Except for XRP, ADA, USA and Japan, all other cryptocurrencies and stock markets exhibit significantly higher volatility spillover from USDX. The result also indicates instability in USDX has a significant asymmetric effect in seven cryptocurrencies and four stock markets. A salient contribution concerns the suggestions for policymakers to monitor the cross-market shock, volatility spillover and asymmetric effect, which will assist them in making the cryptocurrencies and stocks more immune to the shock from USDX in times of turmoil.
  • Does gold retain its hedge and safe haven role for energy sector indices during covid-19 pandemic? A cross-quantilogram approach
    Jambotkar Mrunali Manohar, Guntur Anjana Raju
    International Journal of Energy Economics and Policy, 2021
    The Outbreak of the COVID-19 Pandemic has caused unprecedented risk and uncertainty in the global financial markets The shattered investor’s faith in the Global Financial system has stimulated the need to explore safe haven assets to mitigate risk and safeguard wealth during such turmoil Therefore, this paper addresses the widely mooted hedge and safe haven property of gold against extreme downturns in the stock market energy sector indices during COVID-19 distress The sample countries considered comprises of the USA, Saudi Arabia, UAE, Russia, Canada, India and China being strategically linked to gold and oil commodities Splitting the sample period into Pre-COVID period from 30th June 2019 to 30th December 2019 and During-COVID period from December 31, 2019 to June 30, 2020 the study employs bivariate cross-quantilogram of (Han et al , 2016) to examine directional predictability in quantiles between gold and energy sector indices The results confirm the inability of gold to showcase its pronounced hedge and safe haven role before the COVID-19 crises Specifically, Countries such as Saudi Arabia, Russia and Canada show a significant negative predictability from energy sector indices to gold thereby indicating its safe haven role during COVID-19 crises © 2021, Econjournals All rights reserved
  • An assessment of gold as a hedge or safe haven: Evidence from major gold producing countries
    Jambotkar Mrunali Manohar, Guntur Anjana Raju
    Asian Economic and Financial Review, 2021
    JEL Classification: G01; G11; G15. In the era of globalization, co-movement among the various financial assets has increased drastically and diversification benefits have reduced. Further, increased uncertainties in the financial system posed a serious challenge to researchers and investors in the search for alternative avenues for safeguarding their wealth and risk management. Therefore, using daily time series data that spans from January 2000 to March 2020, the study assesses the role of gold as a hedge and safe haven against equity market indices of major gold producing countries. The GARCH model, which covers average gold returns, highlighted the hedge and safe haven ability of gold in different quantiles of the return distribution. The results revealed that the severity of shock rarely matters in capturing the demand for safe haven assets. Additionally, a comparative analysis during crises evidenced a more heterogeneous and larger effect during the dot-com bubble burst in comparison with other selected crises. The robustness analysis through wavelet coherence with the predominance of red bounds and westward-facing arrows indicates the strong safe haven effect of gold during most of the crisis periods in the cases of Australia and South Africa. Furthermore, an improved understanding of such hedge and safe haven behavior patterns may have substantial implications for hedgers, portfolio managers, investors, and policy makers.

RECENT SCHOLAR PUBLICATIONS

  • How finfluencers’ content streaming on social media affects audiences’ investment behavior: a PLS-SEM approach
    S Velip, M Jambotkar
    Journal of Media Economics, 1-21 , 2026
    2026
    Citations: 1
  • A wavelet-based time-frequency dependency and safe haven attributes of gold: evidence from the Russia–Ukraine war
    S Velip, M Jambotkar, S Velip
    Applied Economics Letters 32 (4), 470-475 , 2025
    2025
    Citations: 8
  • Cryptocurrencies fall from grace: Snatched safe flight to which haven during Russia-Ukraine conflict?
    S Velip, M Jambotkar
    Studies in Economics and Econometrics 49 (1), 76-85 , 2025
    2025
    Citations: 1
  • Impact of Fed's Monetary Policy Decisions on Volatility Traverse Between Stock Markets.
    S Velip, M Jambotkar
    IUP Journal of Accounting Research & Audit Practices 24 (1) , 2025
    2025
  • Does Bullion Appeal As A Hedge Or A Safe Haven For Oil Wild Ride During The Russia-Ukraine War? A Wavelet Approach
    M JAMBOTKAR, S VELIP
    Review of Finance & Banking 16 (1) , 2024
    2024
  • Asymmetric volatility of the US dollar index in the stock and cryptocurrency market during the Russia-Ukraine war
    S Velip, M Jambotkar
    International Journal of Banking, Accounting and Finance 14 (1), 97-112 , 2024
    2024
    Citations: 2
  • Does gold retain its hedge and safe haven role for energy sector indices during COVID-19 pandemic?: a crossquantilogram approach
    JM Manohar, GA Raju
    International Journal of Energy Economics and Policy 11 (1), 233-240 , 2021
    2021
    Citations: 23
  • An assessment of gold as a hedge or safe haven: evidence from major gold producing countries
    JM Manohar, AR Guntur
    Asian Economic and Financial Review 11 (7), 524 , 2021
    2021
    Citations: 4
  • Information linkages between commodity and equity markets: Evidence from India
    G AnjanaRaju, MM Jambotkar
    Ajanta Prakashan , 2019
    2019
  • Impact of macroeconomic variables on the selected Indian sectoral indices: An empirical analysis
    M Jambotkar, GA Raju
    International Journal of Academic Research and Development 3 (2), 450-456 , 2018
    2018
    Citations: 8
  • An empirical evidence of the casual nexus between Indian foreign currency futures and spot markets
    GA Raju, JM Manohar
    Commonwealth Journal of Commerce and Management Research 4, 109-122 , 2018
    2018
    Citations: 2
  • Optimal portfolio construction in stock markets: Evidence from Indian blue chip stocks
    MM Jambotkar, G AnjanaRaju
    2018

MOST CITED SCHOLAR PUBLICATIONS

  • Does gold retain its hedge and safe haven role for energy sector indices during COVID-19 pandemic?: a crossquantilogram approach
    JM Manohar, GA Raju
    International Journal of Energy Economics and Policy 11 (1), 233-240 , 2021
    2021
    Citations: 23
  • A wavelet-based time-frequency dependency and safe haven attributes of gold: evidence from the Russia–Ukraine war
    S Velip, M Jambotkar, S Velip
    Applied Economics Letters 32 (4), 470-475 , 2025
    2025
    Citations: 8
  • Impact of macroeconomic variables on the selected Indian sectoral indices: An empirical analysis
    M Jambotkar, GA Raju
    International Journal of Academic Research and Development 3 (2), 450-456 , 2018
    2018
    Citations: 8
  • An assessment of gold as a hedge or safe haven: evidence from major gold producing countries
    JM Manohar, AR Guntur
    Asian Economic and Financial Review 11 (7), 524 , 2021
    2021
    Citations: 4
  • Asymmetric volatility of the US dollar index in the stock and cryptocurrency market during the Russia-Ukraine war
    S Velip, M Jambotkar
    International Journal of Banking, Accounting and Finance 14 (1), 97-112 , 2024
    2024
    Citations: 2
  • An empirical evidence of the casual nexus between Indian foreign currency futures and spot markets
    GA Raju, JM Manohar
    Commonwealth Journal of Commerce and Management Research 4, 109-122 , 2018
    2018
    Citations: 2
  • How finfluencers’ content streaming on social media affects audiences’ investment behavior: a PLS-SEM approach
    S Velip, M Jambotkar
    Journal of Media Economics, 1-21 , 2026
    2026
    Citations: 1
  • Cryptocurrencies fall from grace: Snatched safe flight to which haven during Russia-Ukraine conflict?
    S Velip, M Jambotkar
    Studies in Economics and Econometrics 49 (1), 76-85 , 2025
    2025
    Citations: 1
  • Impact of Fed's Monetary Policy Decisions on Volatility Traverse Between Stock Markets.
    S Velip, M Jambotkar
    IUP Journal of Accounting Research & Audit Practices 24 (1) , 2025
    2025
  • Does Bullion Appeal As A Hedge Or A Safe Haven For Oil Wild Ride During The Russia-Ukraine War? A Wavelet Approach
    M JAMBOTKAR, S VELIP
    Review of Finance & Banking 16 (1) , 2024
    2024
  • Information linkages between commodity and equity markets: Evidence from India
    G AnjanaRaju, MM Jambotkar
    Ajanta Prakashan , 2019
    2019
  • Optimal portfolio construction in stock markets: Evidence from Indian blue chip stocks
    MM Jambotkar, G AnjanaRaju
    2018