Dr. Nikhil M N

@bschool.cms.ac.in

Assistant Professor at CMS, Jain University
Jain University



                                            

https://researchid.co/nikhilmn

Dr. Nikhil M N is an accomplished academic and researcher specialized in finance. Nikhil holds a Bachelor of Commerce degree from Dr. NSAM First Grade College, Nitte, Karkala, Karnataka, India, and further pursued an MBA in Finance and Marketing Specialization at Justice K.S Hegde Institute of Management, Nitte.
With a strong foundation in theoretical and practical finance, Nikhil gained valuable industry experience during a two-month internship at ATI Electricals Private Limited, Bangalore. During this internship, Nikhil had the opportunity to work in the domains of finance, marketing, and logistics, honing his skills.
Following the internship, Nikhil was assigned the role of Branch Manager at Madhav Prakash Cashews, Delhi, where he successfully managed sales, marketing, customer service, and overall branch operations. This experience provided Nikhil with valuable insights into business management and enhanced his leadership abilities.

EDUCATION

Master of Business Administration at JKSHIM, Nitte, Karnataka, India.
PhD from Manipal Academy of Higher Education.

RESEARCH, TEACHING, or OTHER INTERESTS

Finance, Economics, Econometrics and Finance, Social Sciences, General Decision Sciences

7

Scopus Publications

21

Scholar Citations

3

Scholar h-index

Scopus Publications

  • Does the Ind AS moderate the relationship between capital structure and firm performance?
    Nikhil M N, Sandeep S. Shenoy, Suman Chakraborty, and Lithin B M
    Wiley
    AbstractIn line with the wide implementation of IFRS around the globe, the significant shift in the Indian accounting system appertained to the Ind AS is expected to have a substantial impact on the firm‐level information environment. Nevertheless, the question of whether the adoption of such standards moderates the relationship between leverage and firm performance remains unanswered. In this backdrop, we aim to close this research gap employing 3120 firm‐year observations from 401 Indian non‐financial firms for a period from 2013 to 2022. Notably, we found that the leverage among Indian firms discourages profitability. Further, the adoption of Ind AS negatively moderates the leverage and firm performance association. The findings suggest that the enhanced transparency and the firm's reporting quality dissuade risk‐averse investors from investing in highly levered companies. As a result, investors avoid risky investments, and firms must strive to foster their trust and motivation. The conclusion of the present research draws significant implications for management and policymakers while also contributing to the ongoing debate on capital structure and firm performance.


  • Is the nexus between capital structure and firm performance asymmetric? An emerging market perspective
    Nikhil M. N., Sandeep S. Shenoy, Suman Chakraborty, and Lithin B. M.
    Informa UK Limited

  • Are Liquidity and Credit Risk Key Determinants of Corporate Credit Spreads (CCS) in India?
    Lithin B. M., Suman Chakraborty, and Nikhil M. N.
    Associated Management Consultants, PVT., Ltd.

  • Does the adoption of Ind AS affect the performance of firms in India?
    Nikhil M. N., Suman Chakraborty, Lithin B. M., and Lumen Shawn Lobo
    LLC CPC Business Perspectives
    The increasing prevalence of IFRS adoption has resulted in enhanced transparency, accounting quality, and comparability of financial information among firms, especially in emerging markets worldwide, including India. Nonetheless, the question of whether the adoption of IFRS has led to improved firm performance persists. To address this question, this study examines the impact of transitioning from India’s GAAP-based accounting standards to IFRS-converged standards (Ind AS) on non-financial firms’ performance from 2013 to 2022. The empirical findings reveal that the convergence of Indian accounting standards with IFRS significantly improves firm performance, as demonstrated by a positive coefficient of 0.0166 for Ind AS in the fixed-effect model. The study also validates the original empirical findings using the return on equity (ROE) measure of firm performance, which yielded a coefficient of 0.0197, further confirming that the adoption of Ind AS leads to an increase in the performance of Indian firms. These results contribute new insights to the existing IFRS literature and have implications for policymakers and managers.

  • Modeling Indian Bank Nifty volatility using univariate GARCH models
    Nikhil M. N., Suman Chakraborty, Lithin B. M., Sanket Ledwani, and Satyakam
    LLC CPC Business Perspectives
    The crumble of financial markets due to the recent crises has wobbled precariousness in the stock market and intensified the returns vulnerability of banking indices. Against this backdrop, this study intends to model the volatility of the Indian Bank Nifty returns using a battery of GARCH specifications. The finding of the present research contributes to the literature in three ways. First, volatility during the sample period, which corresponds to a time of stress (a bear market), is more persistent, with an estimated coefficient of 0.995695. Moreover, when volatility rises, it persists for a long time before returning to the mean in an average of 16 days. Second, for a positive γ, the results insinuate the possibility of an “anti-leverage effect” with a coefficient of 0.139638. Thus, the volatility of the Bank Nifty returns tends to rise in response to positive shocks relative to negative shocks of equal magnitude in India. Finally, the findings demonstrate that EGARCH with Student’s t-distribution offers lower forecast errors in modeling conditional volatility.

  • Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India
    B M Lithin, Suman Chakraborty, Vishwanathan Iyer, M Nikhil N, and Sanket Ledwani
    Informa UK Limited

RECENT SCHOLAR PUBLICATIONS

  • Unraveling the determinants and consequences of mandatory IFRS convergence in India: insights from systematic literature review
    MN Nikhil, SS Shenoy, S Chakraborty, Abhilash
    Cogent Business & Management 11 (1), 2411446 2024

  • Is the nexus between capital structure and firm performance asymmetric? An emerging market perspective
    MN Nikhil, SS Shenoy, S Chakraborty, L BM
    Cogent Economics & Finance 12 (1), 2296195 2024

  • The Impact of Cash Conversion Cycle on Firm Performance: Evidence from Indian Automobile Sector
    JS Ghai, T Bhatia, S Chakraborty, MN Nikhil
    Manipal Interdisciplinary Health Science and Technical Reports-2023, 104-108 2024

  • Overview of Precedents of Capital Structure in India: A Bibliometric and Systematic Review Analysis
    MN Nikhil, S Chakraborty
    Manipal Interdisciplinary Health Science and Technical Reports-2023, 67-75 2024

  • Does the Ind AS moderate the relationship between capital structure and firm performance?
    MN Nikhil, SS Shenoy, S Chakraborty, L BM
    Journal of Corporate Accounting & Finance 35 (1), 1-17 2023

  • Are Liquidity and Credit Risk Key Determinants of Corporate Credit Spreads (CCS) in India?
    BM Lithin, S Chakraborty, MN Nikhil
    Indian Journal of Finance 17 (6), 8-26 2023

  • Does the adoption of Ind AS affect the performance of firms in India?
    MN Nikhil, S Chakraborty, L BM, S Lobo
    Investment Management and Financial Innovations 20 (2), 171-181 2023

  • Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India
    BM Lithin, S Chakraborty, V Iyer, MN Nikhil, S Ledwani
    Cogent Economics & Finance 11 (1), 2189589 2023

  • Modeling Indian Bank Nifty volatility using univariate GARCH models
    MN Nikhil, S Chakraborty, BM Lithin, S Ledwani
    Banks and Bank Systems 18 (1), 127 2023

MOST CITED SCHOLAR PUBLICATIONS

  • Does the adoption of Ind AS affect the performance of firms in India?
    MN Nikhil, S Chakraborty, L BM, S Lobo
    Investment Management and Financial Innovations 20 (2), 171-181 2023
    Citations: 6

  • Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India
    BM Lithin, S Chakraborty, V Iyer, MN Nikhil, S Ledwani
    Cogent Economics & Finance 11 (1), 2189589 2023
    Citations: 4

  • Modeling Indian Bank Nifty volatility using univariate GARCH models
    MN Nikhil, S Chakraborty, BM Lithin, S Ledwani
    Banks and Bank Systems 18 (1), 127 2023
    Citations: 4

  • Are Liquidity and Credit Risk Key Determinants of Corporate Credit Spreads (CCS) in India?
    BM Lithin, S Chakraborty, MN Nikhil
    Indian Journal of Finance 17 (6), 8-26 2023
    Citations: 3

  • Is the nexus between capital structure and firm performance asymmetric? An emerging market perspective
    MN Nikhil, SS Shenoy, S Chakraborty, L BM
    Cogent Economics & Finance 12 (1), 2296195 2024
    Citations: 2

  • Does the Ind AS moderate the relationship between capital structure and firm performance?
    MN Nikhil, SS Shenoy, S Chakraborty, L BM
    Journal of Corporate Accounting & Finance 35 (1), 1-17 2023
    Citations: 2