Dr Pankaj Sharma

Scopus Publications

The motives of individual investors to invest in the stock market: a structural equation modelling approach
Manisha Sanghvi, Arti Chandani, Pankaj Sharma
Journal of Advances in Management Research, 2026
Purpose The stock market helps in channelising the savings to the companies, thereby providing the necessary capital to the companies and economies to grow. The stock markets have reached their ever-highest level, and when the stock market is green and bullish, and study aims to explore investors’ motives to invest in the stock market. The study aims to develop a model incorporating attitude and subjective norms from the theory of planned behaviour (TPB) along with expected return, dividends and financial literacy in investigating the motives of investors to invest in the stock market in India. Design/methodology/approach Quantitative data were collected using a survey method where 280 questionnaires were sent, and 195 useable questionnaires were returned, thus yielding a response of 77.38%. The respondents were individual investors who were investing in the stock market in all regions of India. The constructs were analysed using exploratory factor analysis and the model was developed using partial least squares structural equation modelling (PLS-SEM). Findings The study found that attitude, expected returns and financial literacy have a direct and positive impact, while subjective norms and dividends are not strong predictors of investors’ motives to invest in the stock market. The R2 of the model is 0.409, which gives an acceptable predictability of the independent variables of the investor's motives to invest in the stock market. Research limitations/implications The study was conducted in an emerging economy, namely India; therefore, the results of the study may not apply to other developed nations. In addition to this, the study is conducted when the stock markets are at their peak; a similar study at different times may yield different results. Practical implications The results of the study offer managerial implications to companies and financial advisors by providing insights into the motives of investors to invest in the stock market. This can further help in increasing the retail participation of investors in the stock market. Policymakers can take a cue from the study's results and organise seminars and discussions to promote financial literacy, which will help more investors invest in the stock market. Social implications The economy can grow if it can direct the savings of individuals towards the formation of capital by providing a platform. Thus, the study has social value as it helps in unearthing the motives of investors to invest in the stock market. Originality/value The study and its results are important to the body of knowledge as they explored the motives of investors, and to the best of the author's knowledge, no study has studied motives in the emerging countries. The study shows that dividend is not a motive to invest in the stock market, which is the study's unique contribution.
Financial implications of fintech acquisitions in India: a study on shareholder returns and acquisition dynamics
Manoj Panda, Pankaj Sharma, Dipasha Sharma
Afro Asian Journal of Finance and Accounting, 2026
Do We Have an ‘Akshaypatra’ (Inexhaustible Vessel)? A Systematic Literature Review in Responsible Food Consumption within the Hospitality Industry
Jyoti Raju, Pankaj Sharma, Vishwanath Revankar
Australasian Accounting Business and Finance Journal, 2025
Purpose – The approaching conclusion of UN-Agenda 2030 expedites us to address 'Zero Hunger' through 'Responsible Consumption and Production.' This paper attempts to uncover the extent of global efforts towards sustainable practices in the hospitality industry since the launch of ‘UN-Agenda 2030’ by identifying prominent research gaps that determine what needs to be done. Design/methodology/approach – This systematic literature review on responsible consumption in the hospitality industry, by dissecting 31 qualifying records, presents 16 distinct thematic gaps. Findings – Gradually, the themes intertwine SDG 12.3 with SDG 2.1 to imprint the important relationship between responsible consumption and production with zero hunger by recognising the role of reducing food waste, which is central to the study. Practical implications – The study impresses the absence of an infinite source of food and accentuates a call for action to academicians, industry and policymakers to hasten consumer awareness and food management along with forecasting and measurement methods to achieve UN-Agenda 2030. Originality/value – This paper points to the precise voids in extant literature. It aims to present an opportunity for future research for academia and industry from the standpoint of the exact research required in sustainable consumption for society.
The Impact of Fintech Acquisition on Acquirers in India: A Study on Financial Performance and Parameters
Manoj Panda, Pankaj Sharma, Manohar Kapse, Vinod Sharma
Australasian Accounting Business and Finance Journal, 2025
This study examines the long-run impact of acquisitions of fintech firms on the financial performance of acquiring firms in India from 2010-2023. The research utilised advanced econometric methods such as fixed effect panel regression and iterative generalised method of moments. The research focuses on key performance indicators, which include return on assets (ROA), net profit margin (NPM), average share price (ASP), current ratio (CR), and financial leverage (FL). A total sample of 155 mergers and acquisitions deals consisting of both financial and non-financial listed firms taken from Bloomberg have been considered in this research. The findings show that fintech takeovers are documented as a two-edged sword. The ASP rose considerably after the acquisition, indicating improved market value, while ROA and NPM declined. The CR shows improved liquidity, and FL indicated a higher equity base than debt after the acquisition. The research indicates that it is difficult for fintech acquirers to attain operational synergies even though the market is favourable. The study also emphasises the critical role of effective post-merger integration and strategic alignment in realising the full potential of fintech acquisition. This research yields valuable insights for financial institutions and policymakers who want to navigate the transformation of fintech by providing a comprehensive analysis of the financial implications of such acquisitions. The study reveals that fintech M&amp;A demands proper due diligence, strong integration planning, and early stakeholder commitment to maximise long-term financial benefits while avoiding risks. Further research directions include exploring industry-specific impacts and assessing the influence of macroeconomic conditions on post-acquisition performance.
Why Do Investors Trade in Equity Derivatives? A Literature Review
Manisha J. Sanghvi, Pankaj Sharma, Arti Chandani
Vision, 2024
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.
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, et al.
Investment Management and Financial Innovations, 2024
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&amp;amp;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.&amp;nbsp;
Exploration of Practices to Increase the Retention of Learning Interventions among Employees using Textual Analysis
Pooja Adhikari, Pankaj Sharma
Aip Conference Proceedings, 2023
The Design and Effect of Short-Term Incentive Schemes on Employee Motivation
Priyam Pandey, Pankaj Sharma
Aip Conference Proceedings, 2023
Do Socially Responsible Indices Outperform the Market During Black Swan Events: Evidence from Indian Markets During Global Financial and COVID-19 Crises.
Pranay Deshmukh, Dipasha Sharma
Australasian Accounting Business and Finance Journal, 2022
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
Indian Journal of Economics and Business, 2020
Effects on consumer behavior due to post purchase regret associated with online shopping
International Journal of Innovative Technology and Exploring Engineering, 2019
Aluminum bioavailability from drinking water is very low and is not appreciably influenced by stomach contents or water hardness
Robert A. Yokel, Susan S. Rhineheimer, Russell D. Brauer, Pankaj Sharma, David Elmore, et al.
Toxicology, 2001
Entry, half-life, and desferrioxamine-accelerated clearance of brain aluminum after a single 26Al exposure
R. A. Yokel, S. S. Rhineheimer, P. Sharma, D. Elmore, P. J. McNamara
Toxicological Sciences, 2001
Evolution of desert colluvia boulder slopes
Donald A Friend, Fred M Phillips, Sean W Campbell, Tanzhuo Liu, Pankaj Sharma
Geomorphology, 2000
The 129Iodine bomb pulse recorded in Mississippi River Delta sediments: Results from isotopes of I, Pu, Cs, Pb, and C
S.D. Oktay, P.H. Santschi, J.E. Moran, P. Sharma
Geochimica Et Cosmochimica Acta, 2000
The PRIME Lab biomedical program
George S Jackson, David Elmore, Frank A Rickey, Sharif M Musameh, Pankaj Sharma, et al.
Nuclear Instruments and Methods in Physics Research Section B Beam Interactions with Materials and Atoms, 2000
PRIME lab AMS performance, upgrades and research applications
P Sharma, M Bourgeois, D Elmore, D Granger, M.E Lipschutz, et al.
Nuclear Instruments and Methods in Physics Research Section B Beam Interactions with Materials and Atoms, 2000
Aluminum and phosphorus separation: Application to preparation of target from brain tissue for 26Al determination by accelerator mass spectrometry
Russell D. Brauer, J.David Robertson, Pankaj Sharma, Robert A. Yokel
Nuclear Instruments and Methods in Physics Research Section B Beam Interactions with Materials and Atoms, 1999
Unblocking of the Nares Strait by Greenland and Ellesmere ice-sheet retreat 10,000 years ago
Marek Zreda, John England, Fred Phillips, David Elmore, Pankaj Sharma
Nature, 1999
Chlorine-36 in the waters of the McMurdo Dry Valley lakes, southern Victoria Land, Antarctica: Revisited
W.B. Lyons, K.A. Welch, P. Sharma
Geochimica Et Cosmochimica Acta, 1998
Chlorine-36 and the initial value problem
Stanley N. Davis, DeWayne Cecil, Marek Zreda, Pankaj Sharma
Hydrogeology Journal, 1998
Chlorine-36 in fossil rat urine: An archive of cosmogenic nuclide deposition during the past 40,000 years
Mitchell A. Plummer, Fred M. Phillips, June Fabryka-Martin, H. J. Turin, Peter E. Wigand, et al.
Science, 1997
The PRIME lab external research program
Pankaj Sharma, David Elmore, Stephan Vogt
Nuclear Instruments and Methods in Physics Research Section B Beam Interactions with Materials and Atoms, 1997
The 129I AMS program at PRIME Lab
Pankaj Sharma, David Elmore, Thomas Miller, Stephan Vogt
Nuclear Instruments and Methods in Physics Research Section B Beam Interactions with Materials and Atoms, 1997
Maximum ages of the Côa valley (Portugal) engravings measured with chlorine-36
Fred M. Phillips, Montgomery Flinsch, David Elmore, Pankaj Sharma
Antiquity, 1997
Cosmogenic 36Cl and 10Be ages of Quaternary glacial and fluvial deposits of the Wind River Range, Wyoming
Fred M. Phillips, Marek G. Zreda, John C. Gosse, Jeffrey Klein, Edward B. Evenson, et al.
Bulletin of the Geological Society of America, 1997
Status and plans for the PRIME lab AMS facility
D. Elmore, X. Ma, T. Miller, K. Mueller, M. Perry, et al.
Nuclear Instruments and Methods in Physics Research Section B Beam Interactions with Materials and Atoms, 1997
10Be and Al concentrations in an Arctic core: Implications to climate and sedimentation
Current Science, 1996
Chronology for fluctuations in late Pleistocene Sierra Nevada glaciers and lakes
Fred M. Phillips, Marek G. Zreda, Larry V. Benson, Mitchell A. Plummer, David Elmore, et al.
Science, 1996
Aquia aquifer dissolved Cl- and 36Cl/Cl: Implications for flow velocities
Caroline Bascom Purdy, George R. Helz, Alice C. Mignerey, Peter W. Kubik, David Elmore, et al.
Water Resources Research, 1996
An Alluvial Surface Chronology Based on Cosmogenic 36Cl Dating, Ajo Mountains (Organ Pipe Cactus National Monument), Southern Arizona
Beiling Liu, Fred M. Phillips, Molly M. Pohl, Pankaj Sharma
Quaternary Research, 1996
A reevaluation of cosmogenic 36Cl production rates in terrestrial rocks
Fred M. Phillips, Marek G. Zreda, Montgomery R. Flinsch, David Elmore, Pankaj Sharma
Geophysical Research Letters, 1996
Evidence for elevated levels of iodine-129 in the Deep Western Boundary Current in the Middle Atlantic Bight
P.H. Santschi, D.R. Schink, O. Corapcioglu, S. Oktay-Marshall, U. Fehn, et al.
Deep Sea Research Part I Oceanographic Research Papers, 1996
Water movement in desert soil traced by hydrogen and oxygen isotopes, chloride, and chlorine-36, southern Arizona
Beiling Liu, Fred Phillips, Susan Hoines, Andrew R. Campbell, Pankaj Sharma
Journal of Hydrology, 1995
129I in Gulf of Mexico waters
D.R. Schink, P.H. Santschi, O. Corapcioglu, P. Sharma, U. Fehn
Earth and Planetary Science Letters, 1995
Origin of groundwater salinity in the Lac du Bonnet granite, southeastern Manitoba, from 36Cl measurements
Mel Gascoyne, Pankaj Sharma, Peter W. Kubik
Nuclear Inst and Methods in Physics Research B, 1994
Modern chlorine-36 deposition in southern Maryland, U.S.A.
L.J. Hainsworth, A.C. Mignerey, G.R. Helz, P. Sharma, P.W. Kubik
Nuclear Inst and Methods in Physics Research B, 1994
7Be, 10Be, and 36Cl in precipitation
D.L. Knies, D. Elmore, P. Sharma, S. Vogt, R. Li, et al.
Nuclear Inst and Methods in Physics Research B, 1994
The Purdue Rare Isotope Measurement Laboratory
D. Elmore, L. Dep, R. Flack, M.J. Hawksworth, D.L. Knies, et al.
Nuclear Inst and Methods in Physics Research B, 1994
Depth dependence of soil carbonate accumulation based on cosmogenic 36 Cl dating
Geology, 1994
Depth dependence of soil carbonate accumulation based on cosmogenic 36Cl dating
Beiling Liu, Fred M. Phillips, David Elmore, Pankaj Sharma
Geology, 1994
Cosmogenic 36 Cl dating of a young basaltic eruption complex, Lathrop Wells, Nevada
Marek G. Zreda, Fred M. Phillips, Peter W. Kubik, Pankaj Sharma, David Elmore
Geology, 1993
Chlorine‐36 in the Snake River Plain Aquifer at the Idaho National Engineering Laboratory: Origin and Implications
T. M. Beasley, L. D. Cecil, P. Sharma, P. W. Kubik, U. Fehn, et al.
Groundwater, 1993
Chlorine‐36 Releases from the Savanniah River Site Nuclear Fuel Reprocessing Facilities
T. M. Beasley, D. EImore, P. W. Kubik, P. Sharma
Groundwater, 1992
Neutron discrepancies in the ds86 hiroshima dosimetry system
T. Straume, S. D. Egbert, W. A. Woolson, R. C. Finkel, P. W. Kubik, et al.
Health Physics, 1992
129I and 36Cl concentrations in waters of the eastern Clear Lake area, California: Residence times and source ages of hydrothermal fluids
U Fehn, E.K Peters, S Tullai-Fitzpatrick, P.W Kubik, P Sharma, et al.
Geochimica Et Cosmochimica Acta, 1992
Changes in the depositional flux of 10Be in the Orca Basin, Gulf of Mexico: Inverse correlation with δ18O
B.L.K. Somayajulu, P. Sharma, J. Klein, R. Middleton, D.F. Williams, et al.
Chemical Geology Isotope Geoscience Section, 1991
Geochemistry of halogens in the Milk River aquifer, Alberta, Canada
J. Fabryka-Martin, D.O. Whittemore, S.N. Davis, P.W. Kubik, P. Sharma
Applied Geochemistry, 1991
Cosmogenic chlorine-36 production rates in terrestrial rocks
Marek G. Zreda, Fred M. Phillips, David Elmore, Peter W. Kubik, Pankaj Sharma, et al.
Earth and Planetary Science Letters, 1991
Exposure histories of lunar meteorites: ALHA81005, MAC88104, MAC88105, and Y791197
K Nishiizumi, J.R Arnold, J Klein, D Fink, R Middleton, et al.
Geochimica Et Cosmochimica Acta, 1991
Bomb chlorine-36 analysis in the characterization of unsaturated flow at a proposed radioactive waste disposal facility, Chihuahuan Desert, Texas
B.R. Scanlon, P.W. Kubik, P. Sharma, B.C. Richter, H.E. Gove
Nuclear Inst and Methods in Physics Research B, 1990
36Cl studies of water movements deep within unsaturated tuffs
A.E. Norris, H.W. Bentley, S. Cheng, P.W. Kubik, P. Sharma, et al.
Nuclear Inst and Methods in Physics Research B, 1990
Development of 36Cl standards for AMS
P. Sharma, P.W. Kubik, U. Fehn, H.E. Gove, K. Nishiizumi, et al.
Nuclear Inst and Methods in Physics Research B, 1990
Dating of oil field brines using 129I
Udo Fehn, Sharon Tullai-Fitzpatrick, Ray T.D. Teng, Harry E. Gove, Peter W. Kubik, et al.
Nuclear Inst and Methods in Physics Research B, 1990
The AMS program at the University of Rochester
Peter W. Kubik, Pankaj Sharma, Ray T.D. Teng, Sharon Tullai-Fitzpatrick, Sameer Datar, et al.
Nuclear Inst and Methods in Physics Research B, 1990
Use of accelerator mass spectrometry in the dosimetry of Hiroshima neutrons
T. Straume, R.C. Finkel, D. Eddy, P.W. Kubik, H.E. Gove, et al.
Nuclear Inst and Methods in Physics Research B, 1990
Applications of AMS to electronic and silver halide imaging research
H.E. Gove, P.W. Kubik, P. Sharma, S. Datar, U. Fehn, et al.
Nuclear Inst and Methods in Physics Research B, 1990
Cosmogenic chlorine-36 chronology for glacial deposits at bloody canyon, Eastern Sierra Nevada
Science, 1990
41Ca: Measurement by accelerator mass spectrometry and applications
D. Fink, R. Middleton, J. Klein, P. Sharma
Nuclear Inst and Methods in Physics Research B, 1990
41Ca concentrations in modern bone and their implications for dating
Roy Middleton, David Fink, Jeffrey Klein, Pankaj Sharma
Radiocarbon, 1990
Sample preparation for the determination of radiocalcium by accelerator mass spectrometry
P. Sharma, R. Middleton, D. Fink, J. Klein
Analytica Chimica Acta, 1990
Comment on "the composition of kamacite in iron meteorites investigated by accelerator mass spectrometry, neutron activation analysis and analytical electron microscopy" by K.L. Rasmussen et al.
U. Fehn, P.W. Kubik, P. Sharma, R.T.D. Teng
Nuclear Inst and Methods in Physics Research B, 1989
Use of cosmogenic 10Be AND 26Al in phillipsite for the dating of marine sediments in the south pacific ocean
P. Sharma, T.M. Church, M. Bernat
Chemical Geology Isotope Geoscience Section, 1989
Radiogenic production of 10Be and 26Al in uranium and thorium ores: Implications for studying terrestrial samples containing low levels of 10Be and 26Al
P. Sharma, R. Middleton
Geochimica Et Cosmochimica Acta, 1989
Sample preparation and production of negative ions of calcium hydride for 41Ca AMS
P. Sharma, R. Middleton
Nuclear Inst and Methods in Physics Research B, 1987
26Al and 10Be in authigenic marine minerals
Pankaj Sharma, Jeffrey Klein, Roy Middleton, Thomas M. Church
Nuclear Inst and Methods in Physics Research B, 1987
Implications of precise 10Be measurements in deep-sea sediments
P. Sharma, B.L.K. Somayajulu
Chemical Geology, 1984
10Be, 14C and U-Th decay series nuclides and δ18O in a box core from the central north Atlantic
B.L.K Somayajulu, P Sharma, W.H Berger
Marine Geology, 1984
10Be annual fallout in rains in India
B.L.K. Somayajulu, P. Sharma, J. Beer, G. Bonani, H.-J. Hofmann, et al.
Nuclear Inst and Methods in Physics Research B, 1984
Particle accelerator measurements of10Be in marine accumulations: Intercomparison with beta counting method
P Sharma, B L K Somayajulu, D Lal, W Wolfli, G Bonani, et al.
Proceedings of the Indian Academy of Sciences Section A Part 2 Earth and Planetary Sciences, 1983
10Be dating of large manganese nodules from world oceans
P. Sharma, B.L.K. Somayajulu
Earth and Planetary Science Letters, 1982

Dr Pankaj Sharma

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