Dr Pankaj Sharma

@scmhrd.edu

Associate Professor
Symbiosis Center for Management and Human resource Development



              

https://researchid.co/pankaj.sharma

EDUCATION

PhD, MMS, LL.B.

RESEARCH INTERESTS

Sustainable Finance, Financial Risk, Financial Analysis, Financial Reporting

7

Scopus Publications

19

Scholar Citations

2

Scholar h-index

Scopus Publications

  • ESG factors in M&A in India: Performance and market insights from 2010 to 2023
    Manoj Panda, Pankaj Sharma, Vasa László, Manohar Kapse, Vinod Sharma, and Yogesh Mahajan
    LLC CPC Business Perspectives
    This study assesses the impact of mergers and acquisitions on Environmental, Social, and Governance (ESG) performance and market value of acquiring companies operating in India. Data were collected and analyzed from 69 M&A announcements from January 2010 to June 2023, sourced from the Bloomberg database. The analysis reveals a positive correlation between the post-merger market value of acquiring firms and their ESG performance, indicating that an improvement in ESG factors is associated with increased market value after mergers. Additionally, a positive correlation was identified between acquiring companies’ post-merger ESG performance and their target firms’ pre-merger ESG performance. This finding suggests that when acquiring a target firm with high ESG performance, the acquirer is likely to experience an improvement in its own post-merger ESG performance. Moreover, both the post-merger market value and ESG performance of the acquirer are likely to improve with the profitability and size of firms but will have a negative impact based on the leverage components of the acquiring firms. 

  • Why Do Investors Trade in Equity Derivatives? A Literature Review
    Manisha J. Sanghvi, Pankaj Sharma, and Arti Chandani
    SAGE Publications
    The derivatives market is an important asset class and has been found to positively contribute to economic development. It has sparked interest from researchers, policymakers and financial agencies. This article aims to present a literature review that explains the motive of individual investors to trade in equity derivatives. Studies from 1997 to 2023 were extracted from SCOPUS, Emerald and Web of Science using the keywords, and articles were later refined with their motive, research methodology, source of data, journal, year of publication, country-wise articles published and publication source to explore the opportunities for further research. VOS viewer has been used to visualize the author keyword and link among various keywords. This study reviews 51 articles, which were found relevant and have been segregated theme-wise. The motives of investors are categorized as ‘Hedging vs. speculation’, ‘Return vs. risk’ and ‘Gambling’. The findings of the study show that most of the studies are conducted in the USA using discount house data and most of the articles were published in the Journal of Banking and Finance. The findings of the study will be useful to the researchers, practitioners, stock exchanges and regulators by providing the current landscape of the body in this domain.



  • Do Socially Responsible Indices Outperform the Market During Black Swan Events: Evidence from Indian Markets During Global Financial and COVID-19 Crises.
    Pranay Deshmukh and Dipasha Sharma
    University of Wollongong Library
    This paper aims to examine and compare the effect of black swan events on the performance of companies with strong Environmental, Social, and (Corporate) Governance (ESG) backgrounds with that of other companies. Compared to established firms, companies with ESG backgrounds are perceived to be stable that will help them outperform established companies that are volatile during times of crisis. This research focuses on SENSEX for conventional market index and BSE GREEENEX and S&P BSE CARBONEX for ESG indices. We evaluated performances of the three indices during U.S. Debt Ceiling Crisis (201112), Black Monday China, BREXIT and Demonetization (2015-16), and COVID-19 (2020) crisis. We checked whether ESG indices outperformed conventional index significantly using Student's T-test. We have also compared the volatility of the three indices during the different black swan periods using the GARCH model.

  • Ceo duality and firm performance: Evidence from india using quantile regression1


  • Effects on consumer behavior due to post purchase regret associated with online shopping
    Blue Eyes Intelligence Engineering and Sciences Engineering and Sciences Publication - BEIESP
    Anonymization is a device of hiding the information to any such degree, that an unlawful customer couldn't get whatever from the information, of direction an analyzer will get vital data[4].The term records privacy is associated with data accumulating and allotment of information. Safety issues rise in exceptional sector, as an instance, human administrations, financial institution place, web based totally definitely existence data,and so forth.It's miles one of the difficult troubles while sharing or disseminating the data among one to numerous hotspots for research cause and records evaluation[2].Many affiliations moreover launch huge scaled down scale data. It bars an person's brief identity marks like call, cope with and contain specific facts like intercourse, DOB, marital repute, Pin-code, which can be united with other open information to see a person[3]. This derivation ambush may be endeavored you purchased any sensitive facts from informal community put together, with the useful resource of that putting the security of a person in risk. To save you such ambushes through way of converting littler scale facts, k-anonymization is used. In this paper, we provide a computational advent technique to releasing records from a personal desk with the last intention that the identity of any character to whom the released information mean can't be virtually recognized[1]. It's far based upon the difficulty of hypothesis, from which set away developments may be superseded with dependable but much much less unequivocal alternatives, and of ok-loss of clarity

RECENT SCHOLAR PUBLICATIONS

  • The Impact of Fintech Acquisition on Acquirers in India: A Study on Financial Performance and Parameters
    M Panda, P Sharma, M Kapse, V Sharma
    Australasian Accounting, Business and Finance Journal 19 (1), 64-95 2025

  • Do We Have an ‘Akshaypatra’ (Inexhaustible Vessel)? A Systematic Literature Review in Responsible Food Consumption within the Hospitality Industry
    J Raju, P Sharma, V Revankar
    Australasian Accounting, Business and Finance Journal 19 (1), 28-44 2025

  • A study to explore the motives of investors to invest in derivative markets: PLS-SEM approach
    M Sanghvi, P Sharma, A Chandani
    Financial Internet Quarterly 20 (3), 1-12 2024

  • ESG factors in M&A in India: Performance and market insights from 2010 to 2023
    SIUH 1) Manoj Kumar Panda *, 2) Pankaj Ved Bhushan Sharma, 3) Manohar ...
    Investment Management and Financial Innovations 2 (2), 310-322 2024

  • Why Do Investors Trade in Equity Derivatives? A Literature Review
    MJ Sanghvi, P Sharma, A Chandani
    Vision, 09722629241226447 2024

  • Income Tax Act Tools for Curbing Evasion and Promoting Transparency in India
    PS Rakesh Yadav, Ameya Patil
    Tax Notes International 112 (11), 1531-1535 2023

  • EFFECT OF WORKING CAPITAL MANAGEMENT ON THE SUSTAINABLE PERFORMANCE OF ALCOHOL AND BEVERAGES INDIAN COMPANIES
    DMSDPS Pallavi Vartak
    World Journal of Management and Economics 16 (2), 80-87 2023

  • The design and effect of short-term incentive schemes on employee motivation
    P Pandey, P Sharma
    AIP Conference Proceedings 2523 (1) 2023

  • Exploration of practices to increase the retention of learning interventions among employees using textual analysis
    P Adhikari, P Sharma
    AIP Conference Proceedings 2523 (1) 2023

  • Do socially responsible indices outperform the market during black swan events: Evidence from indian markets during global financial and COVID-19 crises
    P Deshmukh, D Sharma, P Sharma
    Australasian Accounting, Business and Finance Journal 16 (5) 2022

  • A Study of Relationship between Stock Market and Bond Market in the Indian Context
    N Amin, S Joshi, P Sharma
    Cardiometry, 909-917 2022

  • Effect of Coronavirus on Indian Tourism Sector
    S Sukhdeve, P Sharma
    Cardiometry, 677-685 2022

  • How do independent (Outside) directors’ compensation structure, their frequency of meetings, and concentrated ownership effects shareholder’s wealth? Evidence from Indian
    P Sharma, R Yadav, K Rajagopal
    Indian Journal of Economics and Business 21 (3) 2022

  • Leveraging learning interventions for talent development: an inductive approach
    N Chandel, P Sharma
    Cardiometry, 313-322 2022

  • Board of Directors’ Busyness Following Multiple Appointments and Firm Performance of Indian Listed Firms
    DRYDKR Dr. Pankaj Sharma
    Psychology and Education, 4364-4372 2021

  • Environmental Reporting and Board Characteristics of Indian Firm
    DP Rakesh Yadav
    International Journal of Advanced Science and Technology 29 (6), 6748 - 6756 2020

  • CEO Duality and Firm Performance: Evidence from India using Quantile Regression
    PS Rakesh Yadav
    Indian Journal of Economics & Business 19 (2), 125-137 2020

  • Analysis of Customer engagement for India's most preferred 0nline Entertainment Aggregators
    V Mahajan, K Rajagopal, S Sen, P Sharma, R Priya
    International Journal of Innovative Technology and Exploring Engineering 2019

  • Effects on Consumer Behavior Due to Post Purchase Regret Associated with Online Shopping
    AU K.Rajagopal, Vaishali Mahajan, Pankaj Sharma
    International Journal of Innovative Technology and Exploring Engineering 2019

  • THE ETHICS OF DOWNSIZING
    MSA Rakesh Yadav,Dr. Pankaj Sharma, Dr. Philip Coelho
    Journal of Emerging Technologies and Innovative Research (JETIR) 5 (7), 263-266 2018

MOST CITED SCHOLAR PUBLICATIONS

  • Do socially responsible indices outperform the market during black swan events: Evidence from indian markets during global financial and COVID-19 crises
    P Deshmukh, D Sharma, P Sharma
    Australasian Accounting, Business and Finance Journal 16 (5) 2022
    Citations: 9

  • Effects on Consumer Behavior Due to Post Purchase Regret Associated with Online Shopping
    AU K.Rajagopal, Vaishali Mahajan, Pankaj Sharma
    International Journal of Innovative Technology and Exploring Engineering 2019
    Citations: 9

  • Effect of Coronavirus on Indian Tourism Sector
    S Sukhdeve, P Sharma
    Cardiometry, 677-685 2022
    Citations: 1