Arunava Bandyopadhyay

Journal Publications:

• Bandyopadhyay, A., Rajib, P. (2025), Does Financialization of agricultural commodities impact the information leadership share of futures market? – Evidence from Financialization Index.
  Quarterly Journal of Finance and Accounting.
  [Scopus/ Web of Science /SSCI/ABDC-B] DOI awaited.
• Rej, S., Hossain, M. E., Bandyopadhyay, A., Saba, C. S., Kumar, S., & Mahalik, M. K. M. (2025).
  Modelling the Asymmetric Impact of Terrorism and Military Expenditure on Tourism Development: A Case of the Tourist Destination Country.
  Tourism: An International Interdisciplinary Journal, 73(1), 24-42.
  https://doi.org/10.37741/t.73.1.2
  [Scopus/ Web of Science /SSCI/ABDC-C] [IF: 2.0]
• Mandal, T., Chatterjee, C. and Bandyopadhyay, A. (2024),
  “Influential-female-directors and dividend decisions: evidence from an emerging economy”,
  Equality, Diversity and Inclusion, Vol. ahead-of-print No. ahead-of-print.
  https://doi.org/10.1108/EDI-12-2023-0444
  [Scopus/ Web of Science /SSCI/ABDC-B] [IF: 2.3]
• Rej, S., Bandyopadhyay, A., Awan, A., & Abbasi, K. R. (2024).
  Analyzing the role of nuclear energy in the nexus of economic growth and environmental pollution in Belgium? Evidence from wavelet coherence method.
  Environment, Development and Sustainability, 1-32.
  https://doi.org/10.1007/s10668-024-05193-1
  [Scopus/ Web of Science /SCIE/SCI] [IF: 4.080]
• Bandyopadhyay, A., Sarkar, B. D., Hossain, M. E., Rej, S., & Mallick, M. A. (2024).
  Modelling and forecasting India’s electricity consumption using artificial neural networks.
  OPEC Energy Review, 48(2), 65-77.
  https://doi.org/10.1111/opec.12295
  [Scopus/ Web of Science /SCIE/ ABDC – C] [IF: 1.5]
• Wang, C., Abbasi, K. R., Irfan, M., Ben-Salha, O., & Bandyopadhyay, A. (2024).
  Navigating sustainability in the US: A comprehensive analysis of green energy, eco-innovation, and economic policy uncertainty on sectoral CO2 emissions.
  Energy Reports, 11, 5286-5299.
  https://doi.org/10.1016/j.egyr.2024.05.014
  [Scopus/ Web of Science /SCIE] [IF: 4.7]
• Bandyopadhyay, A., Rej, S., Mallick, M. A., Mahalik, M. K., Kumar, S., & Vijayabaskar, M. (2024).
  Analyzing the impact of terrorism on tourism in Sri Lanka.
  Journal of Public Affairs, 24(2), e2920.
  https://doi.org/10.1002/pa.2920
  [Scopus/ Web of Science/SSCI/ABDC-B] [IF: 2.7]
• Bandyopadhyay, A., & Rajib, P. (2023).
  The impact of Sino–US trade war on price discovery of soybean: A double‐edged sword?
  Journal of Futures Markets, 43(7), 858-879.
  https://doi.org/10.1002/fut.22415
  [Scopus/ Web of Science /SSCI/ABDC-A] [IF: 1.8]
• Rej, S., Bandyopadhyay, A., Mallick, M. A., Inuwa, N., & Hossain, M. E. (2023).
  Investigating the influence of terrorism, and military expense on tourism in India: empirical evidence using dynamic ARDL simulations.
  International Journal of Tourism Policy, 13(4), 363-380.
  [Scopus/ Web of Science /ABDC-C]
• Awan, A., Kocoglu, M., Bandyopadhyay, A., Rej, S., & Altuntaş, M. (2023).
  A quantile-based analysis of the nexus between hydropower generation, trade and urbanization for China utilizing the EKC hypothesis.
  Environmental Modeling & Assessment, 28(5), 843-857.
  https://doi.org/10.1007/s10666-023-09889-y
  [Scopus/ Web of Science /SSCI] [IF: 2.7]
• Bandyopadhyay, A., Hossain, Md. E., Rej, S., Haseeb, M., & Rana, Md. J. (2023).
  Assessing the asymmetric influence of ICT on the tourism development: fresh insights from a tourist destination economy.
  Tourism Recreation Research, 50(2), 356–368.
  https://doi.org/10.1080/02508281.2023.2281057
  [Scopus/ Web of Science /SSCI/ABDC-A] [IF: 3.4]
• Onwe, J. C., Bandyopadhyay, A., Hamid, I., Rej, S., & Hossain, M. E. (2023).
  Environment sustainability through energy transition and globalization in G7 countries: What role does environmental tax play?
  Renewable Energy, 218, 119302.
  https://ideas.repec.org/a/eee/renene/v218y2023ics096014812301217x.html
  [Scopus/ Web of Science/SCIE] [IF: 8.001]
• Hossain, M. R., Rej, S., Awan, A., Bandyopadhyay, A., Islam, M. S., Das, N., & Hossain, M. E. (2023).
  Natural resource dependency and environmental sustainability under N-shaped EKC: The curious case of India.
  Resources Policy, 80, 103150.
  https://doi.org/10.1016/j.resourpol.2022.103150
  [Scopus/ Web of Science /SSCI/ABDC-B] [IF: 8.222]
• Bandyopadhyay, A., Rej, S., Villanthenkodath, M. A., & Mahalik, M. K. (2022).
  The role of nuclear energy consumption in abatement of ecological footprint: Novel insights from quantile-on-quantile regression.
  Journal of Cleaner Production, 132052.
  https://doi.org/10.1016/j.jclepro.2022.132052
  [Scopus/ Web of Science/SCIE/ABDC-A] [IF: 11.072]
• Bandyopadhyay, A., Rej, S., Abbasi, K. R., & Awan, A. (2022).
  Nexus between tourism, hydropower, and CO2 emissions in India: Fresh insights from ARDL and cumulative Fourier frequency domain causality.
  Environment, Development and Sustainability.
  https://doi.org/10.1007/s10668-022-02511-3
  [Scopus/ Web of Science /SCIE/SCI] [IF: 4.080]
• Rej, S., Bandyopadhyay, A., Murshed, M., Mahmood, H., & Razzaq, A. (2022).
  Pathways to decarbonization in India: The role of environmentally friendly tourism development.
  Environmental Science and Pollution Research.
  https://doi.org/10.1007/s11356-022-19239-2
  [Scopus/ Web of Science /SCIE/SCI] [IF: 5.190]
• Rej, S., Bandyopadhyay, A., Mahmood, H., Murshed, M., Mahmud, S. (2022).
  The role of liquefied petroleum gas in decarbonizing India: Fresh evidence from wavelet – partial wavelet coherence approach.
  Environmental Science and Pollution Research.
  https://doi.org/10.1007/s11356-021-17471-w
  [Scopus/ Web of Science/SCIE/SCI] [IF: 5.190]
• Rej, S., Bandyopadhyay, A., Das, N., Hossain, Md. E., Islam, Md. S., Bera, P., & Yeediballi, T. (2022).
  The asymmetric influence of environmental-related technological innovation on climate change mitigation: What role do FDI and renewable energy play?
  Environmental Science and Pollution Research.
  https://doi.org/10.1007/s11356-022-23182-7
  [Scopus/ Web of Science/SCIE/SCI] [IF: 5.190]
• Hossain, M., Islam, M., Bandyopadhyay, A., Awan, A., Rej, S. (2022).
  Mexico at the crossroads of natural resource dependence and COP26 pledge: Does technological innovation help?
  Resources Policy.
  https://doi.org/10.1016/j.resourpol.2022.102710
  [Scopus/ Web of Science /SSCI/ABDC-B] [IF: 8.222]
• Abbasi, K. R., Awan, A., Bandyopadhyay, A., Rej, S., & Banday, T. P. (2022).
  Investigating the inverted N-shape EKC in the presence of renewable and nuclear energy in a global sample.
  Clean Technologies and Environmental Policy.
  https://doi.org/10.1007/s10098-022-02436-5
  [IF: 4.7]
• Awan, A., Abbasi, K. R., Rej, S., Bandyopadhyay, A., & Lv, K. (2022).
  The impact of renewable energy, internet use and foreign direct investment on carbon dioxide emissions: A method of moments quantile analysis.
  Renewable Energy.
  https://doi.org/10.1016/j.renene.2022.03.017
  [Scopus/ Web of Science/SCIE] [IF: 8.001]
• Das, N., Murshed, M., Rej, S., Bandyopadhyay, A., Hossain, Md. E., Mahmood, H., Dagar, V., & Bera, P. (2022).
  Can clean energy adoption and international trade contribute to the achievement of India’s 2070 carbon neutrality agenda? Evidence using quantile ARDL measures.
  International Journal of Sustainable Development & World Ecology, 0(0), 1–16.
  https://doi.org/10.1080/13504509.2022.2139780
  [Scopus/ Web of Science /SCIE/SCI] [IF: 4.870]
• Hossain, Md. E., Rej, S., Hossain, M. R., Bandyopadhyay, A., Tama, R. A. Z., & Ullah, A. (2022).
  Energy mix with technological innovation to abate carbon emission: Fresh evidence from Mexico applying wavelet tools and spectral causality.
  Environmental Science and Pollution Research.
  https://doi.org/10.1007/s11356-022-22555-2
  [Scopus/ Web of Science/SCIE/SCI] [IF: 5.190]
• Bandyopadhyay, A., Rajib, P. (2021).
  The asymmetric relationship between Baltic Dry Index and commodity spot prices: evidence from nonparametric causality-in-quantiles test.
  Mineral Economics.
  https://doi.org/10.1007/s13563-021-00287-y
  [Scopus/ Web of Science /ESCI/ABDC-C] [IF: 3.0]
• Bandyopadhyay, A., Rej, S. (2021).
  Can nuclear energy fuel an environmentally sustainable economic growth? Revisiting the EKC hypothesis for India.
  Environmental Science and Pollution Research, 28, 63065–63086.
  https://doi.org/10.1007/s11356-021-15220-7
  [Scopus/ Web of Science /SCIE/SCI] [IF: 5.190]
• Bandyopadhyay, A., Bhowmik, S., & Rajib, P. (2020).
  Wavelet-based analysis of guar futures in India: did we kill the golden goose?
  Journal of Agribusiness in Developing and Emerging Economies, 12(1), 104–125.
  https://doi.org/10.1108/JADEE-09-2020-0200
  [Scopus/ Web of Science /ESCI/ABDC-C]

Book / Book Chapters:

• Bandyopadhyay, A., Sarma, N., Rajib, P. (2021).
  Developing Indian Pricing Benchmarks for Base Metals – Will it Remain a Pipe Dream?
  MCX Commodity Insights Yearbook 2021, Multi Commodity Exchange of India Pvt Ltd. (MCX), Page 38.
  https://www.mcxindia.com/education-training/publications/commodity-insights-yearbook
• Rajib, P., Barai, P., Bandyopadhyay, A. (2024).
  Commodity Derivatives Markets as ‘Markets of Last Resort’ and the Role of Delivery Service Providers.
  MCX Commodity Insights Yearbook 2024, Multi Commodity Exchange of India Pvt Ltd. (MCX), Pages 76–81.
  https://www.mcxindia.com/education-training/publications/commodity-insights-yearbook

Paper Presentations at Conferences:

• Eco-Investing in Turbulent Times: Indian Green Investors and the Commodity Supercycle.
  13th India Finance Conference, IIM Raipur, December 2024.
• Impact Investing in Turbulent Times: Green Investors and the Commodity Supercycle.
  Empirical Issues in International Trade and Finance, IIFT Kolkata, December 2024.
• Impact of Personality Traits on the Knowledge Absorption Capacity of Students.
  Indian Management Conclave – International Research Conference (IMC-IRC) 2024, XLRI Jamshedpur.
• Can Indian Green Investors Surf Through the Commodity Supercycle?
  ISDSI Global Conference 2023, IIM Ranchi, December 2023.
• Are Indian Sustainable Equity Investments Vulnerable to Commodity Price Risk?
  Evidence from Quantile-on-Quantile Regression. Tenth India Finance Conference, IIM Bangalore, 16–18 December 2021.
• Are Green Equity Investments in India Vulnerable to Commodity Price Risk?
  Evidence from Quantile-on-Quantile Regression. Eighth Pan IIM World Management Conference, IIM Kozhikode, 16–18 December 2021.
• The Asymmetric Relationship Between Baltic Dry Index and Commodity Spot Prices:
  Evidence from Non-parametric Causality-in-Quantiles Test.
  1st Changing Landscape of Securities Markets Conference, NISM & SEBI, NISM Campus Patalganga, 22–24 January 2020.
• The Impact of Sino–US Trade War on Price Discovery of Soybean.
  8th International Conference on Economics and Finance Research, INSEEC Business School, Lyon, France, 18–21 June 2019.
• Sovereign Credit Rating Prediction: Efficacy of Competing Models.
  1st International Conference on Financial Markets and Corporate Finance, IIT Kharagpur, 7–8 July 2017.

Research/Consultancy Projects:

• How Futures Market in India has Improved Efficiency of Physical Commodity Markets: an empirical and survey-based study on Cotton, Crude Palm Oil, Aluminium and Zinc, Project Awarded by Multi Commodity Exchange of India Pvt. Ltd. (MCX), with Prof Prabina Rajib, Dr. Parama Barai, and Rahul Nandi) https://www.mcxindia.com/education-training/publications/papers-reports/research-studies

Teaching:

• PGDM:
  • Advanced Financial Management,
  • FinTech
  • Financial Modelling and Analytics
  • Financial Risk Management
  • Strategic Cost Management
  • Banking and Financial Services
• FPM:
  • Applied Econometrics,
  • Advanced Corporate Finance

Awards:

• Outstanding Reviewer – Emerald Literati Awards 2023

Other Activities:

MDP / FDP / Workshops:

• Resource person for four Batches of MDP for Balmer Lawrie on “Finance for Non-Finance” – September 2024 to March 2025
• Online Workshop on “Future of Payments” for students at The University of the Witwatersrand, Johannesburg, South Africa – February 2025
• Workshop on “Application of Blockchain in Trade Finance” at IIFT Kolkata for UCO Bank professionals – February 2025
• Instructor for Post Graduate Certification in Financial Markets (PGCFM) Programme offered in collaboration with the National Stock Exchange of India (NSE).
• Resource person for FDP on “Tools and Techniques for high-impact journal publication” – October 2024
• Resource Person for MDP for Coal India Ltd. on “Cyber Hygiene & Cyber Security Management” on the topic of Data Analytics, Cryptography, and Blockchain – October 2023
• Resource person for FDP on “Tools and Techniques for high-impact journal publication” – June 2024
• Invited Speaker for Management Development Programme (MDP) on Business Analytics for Managers at MNIT Jaipur – June 2023
• Resource person for Faculty Development Program on “Digital Revolutions in Finance Research – Integrating Advanced Econometrics, Blockchain, & Financial Analytics” – May 9-10, 2024
• Resource person for teaching Econometrics in the FDP on “Advanced Research Methods in Marketing” – May 17-19, 2024
• Invited as External expert to conduct Masterclass on Blockchain at Sarala Birla University, Ranchi for students and faculty members – November 2023
• Invited Speaker for Webinar on Research Methodology – Analysis of Data for Chartered Accountants organized by Research Committee of The Institute of Chartered Accountants of India in November 2023
• Resource Person for MDP for Data Analytics for Managers at Dhaka, Bangladesh – October 2023
• Resource Person for MDP on Data-Driven Decision Making for Berger Paints Bangladesh Ltd – November 2023
• Resource Person for “Basics of R” workshop at Management Doctoral Colloquium (MDC), VGSOM, IIT Kharagpur – February 2022

Media Mentions:

• Article, co-authored with Prof Sahana Roy Chowdhury, published in Outlook Business – Column section: “Grameen Credit Score: Step Towards Incentive-Linked Credit Lending in Rural Sector”: Link
• Mentioned in The Economic Times newspaper Wealth section in the article titled “Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificate” Link

Other Professional Service:

• Advisory committee member for Global Fintech Conference 2025 at The University of Witwatersrand, Johannesburg, South Africa
• Invited Speaker on “Financial Literacy & Small Business: Setting up Small Businesses in Rural Areas” at Baruipur, West Bengal as part of Unnat Bharat Abhiyan – September 2024
• Invited as Session Chair for Management Doctoral Colloquium 2024 at VGSOM, IIT Kharagpur – February 2024
• Invited as External Expert for PhD Admission Interview round at IIFT, Kolkata in October 2024.
• Invited as External Expert in Research Assessment Committee to review PhD Research Scholar progress at IIFT, Kolkata in March 2024.
• Invited as Expert Panelist to judge the East Zone finals of the event COMQUEST 2024 of MCX at IIFT Kolkata in February 2024
• Reviewer for 15th IMR Doctoral Conference at IIM Bangalore
• Reviewer and Discussant for Empirical Issues in International Trade and Finance conference at IIFT Kolkata
• Reviewer for INDAM conference at IIFT Kolkata
• Invited as Session Chair for International Finance and Accounting Conference (IFAC-2023) by IIM Jammu and ICAI in September 2023