Chanchal Chatterjee

Home > Faculty > Finance > Chanchal Chatterjee

Chanchal Chatterjee

Education : PhD (The University of Burdwan)

Specialization : Finance & Accounting

Area of Interest : Corporate Finance, Corporate Governance, ESG, Earnings Management, Readability of Financial Reports

Designation : Professor - Finance ; Area Chair - Finance

Contact: +91-33-6652 9668

Email: c.chatterjee@imi-k.edu.in

About Chanchal Chatterjee

Chanchal has B Com (Hons) and M Com degrees from The University of Burdwan and stood first with a first class at both the levels and received two Gold Medals. He earned his PhD from The University of Burdwan in Financial Restructuring through Buyback of Shares, for which he received the Best Research Award in Finance Track in the Doctoral Colloquium from IIM Ahmedabad. Chanchal has a received several prestigious awards for his academic and research excellence. He has published several research papers in reputed journals. He has also presented papers in global conferences in India and abroad. His areas of interest include Corporate Finance, Corporate Governance, Earnings Management, ESG & Readability of Financial Reports.

Journals

SELECT JOURNAL PUBLICATIONS

  • Chatterjee, C., Rakshit, D. and Paul, A. (2025). Harmonizing New Financial Reporting System and Financial Reports’ Readability: Evidence from Top Indian Companies, Afro Asian Journal of Finance and Accounting (Accepted)
  • Tiwari, S and Chatterjee, C (2025). Does Corruption Influence Earnings Management? Evidence from BRICS Nations, Thunderbird International Business Review, https://doi.org/10.1002/tie.22431
  • Mandal, T., Chatterjee, C. and Bandyopadhyay, A. (2024). Influential Female Directors and Dividend Decisions: Evidence from an Emerging Economy, Equality, Diversity and Inclusion: An International Journal. https://doi.org/10.1108/EDI-12-2023-0444
  • Chatterjee, C. (2024). Earnings management and financial reports’ readability: Moderating role of audit quality, cash holding, and ownership pattern, International Journal of Disclosure and Governance. https://doi.org/10.1057/s41310-024-00239-2
  • Tiwari, S and Chatterjee, C (2024). Annual report readability and earnings management of financial distressed firms: The Moderating role of Ownership concentration in India, International Journal of Disclosure and Governance. https://doi.org/10.1057/s41310-024-00238-3
  • Tiwari, S and Chatterjee, C (2024). Investigating Earnings Management on the Readability of Financially Troubled Indian firms, Asian Journal of Business and Accounting, 17(2), 1–32. https://doi.org/10.22452/ajba.vol17no2.1
  • Tiwari, S., Chatterjee, C. and Sengupta, P. (2024). Effect of Earnings Management and Cash Holdings on Annual Report Readability: Evidence from Top Indian Companies, IIMB Management Review, 36, 322–339. https://doi.org/10.1016/j.iimb.2024.10.004
  • Chatterjee, C., Basu, S. and Dutta, P. (2024). Evidence-based Stock Price Behaviour Around Cash Dividend Announcements in an Emerging Market Set-up, Global Business Review, 25(2S), 265S–282S. https://doi.org/10.1177/09721509211052126
  • Rakshit, D., Chatterjee, C. and Paul, A. (2024). Financial Distress, the Severity of Financial Distress and Direction of Earnings Management: Evidences from India, FIIB Business Review, 13(2), 192–207. https://doi.org/10.1177/23197145211039351
  • Chatterjee, C. and Tiwari, S. (2023). Investigating Accrual and Real Earnings Management of Financially Troubled Indian firms, Afro Asian Journal of Finance and Accounting, 13(5), 592–611. https://doi.org/10.1504/AAJFA.2023.133431
  • Chatterjee, C., Nag, T. (2023). Do women on boards enhance firm performance? Evidence from top Indian companies, International Journal of Disclosure and Governance, 20, 155–167. https://doi.org/10.1057/s41310-022-00153-5
  • Chatterjee, C. and Tiwari, S. (2022). Dividend Reduction and Stock Price Reaction in Indian Market: Is There a Role of Share Repurchase? Journal of Indian Business Research, 14(4), 447–471. https://doi.org/10.1108/JIBR-11-2020-0348
  • Bala, B., Chatterjee, C. and Chakrabarti, A. (2022). Board Quality and Earnings Management: A System GMM Approach, International Journal of Corporate Governance, 12(3/4), 209–228. https://doi.org/10.1504/IJCG.2021.121273
  • Chatterjee, C. (2021). Ownership Pattern, Board Composition and Earnings Management: Evidence from Top Indian Companies, International Journal of Disclosure and Governance, 18(2), 179–192. DOI: 10.1057/s41310-021-00108-2
  • Banik, A. and Chatterjee, C. (2021). Ownership Pattern and Governance-Performance Relation: Evidence from an Emerging Economy, Global Business Review, 22(2), 422–441. DOI: 10.1177/0972150920966699
  • Nag, T. and Chatterjee, C. (2020). Exploring Linkages between Corporate Governance and Business Performance: Does Good Corporate Governance Lead to Enhanced Business Value, South Asian Survey, 27(1), 37–61. https://doi.org/10.1177/0971523120907189
  • Chatterjee, C. (2019). Board Quality and Earnings Management: Evidence from India, Global Business Review, 21(5), 1302–1324. https://doi.org/10.1177/09721509198569
  • Dutta, P. and Chatterjee, C. (2019). The Impact of Non-Performing Assets on the Performance of Scheduled Commercial Banks of India: A Time-Series Analysis, IUP Journal of Applied Finance, 25(2), 45–64. SSRN Link
  • Mukherjee, P. and Chatterjee, C. (2019). Does Share Repurchase Announcement Lead to Rise in Share Price? Evidence from India, Global Business Review, 20(2), 420–433. https://doi.org/10.1177/097215091882532
  • Nag, T. and Chatterjee, C. (2018). Factors Influencing Firm’s Local Business Environment in Home Country Context: Exploring Evidences from Firm Surveys in India and China, Journal of Indian Business Research, 10(4), 322–336. https://doi.org/10.1108/JIBR-09-2017-0162
  • Chatterjee, C. and Nag, T. (2018). Board Composition and Financial Performance: Evidence from Indian and Chinese Listed Firms, South Asian Survey, 22(2), 127–135. https://doi.org/10.1177/097152311775343
  • Chatterjee, C. and Dutta, P. (2017). Price Behavior around Dividend Announcements in the Indian Equity Market in the Existence of Corporate Dividend Tax, Global Business Review, 18(2), 402–415. https://doi.org/10.1177/0972150916668
  • Chatterjee, C. and Dutta, P. (2016). Exploring the Linkage between Profits and Asset-Liability Management: Evidence from Indian Commercial Banks, Paradigm, 20(2), 131–142. https://doi.org/10.1177/097189071667070
  • Agrawal, K. and Chatterjee, C. (2015). Earnings Management and Financial Distress: Evidence from India, Global Business Review, 16(5), 140–154. https://doi.org/10.1177/0972150915601928
  • Chatterjee, C. and Dutta, P. (2015). Anomalous Price Behaviour around Open Market Stock Repurchase Announcements in India, Vikalpa: The Journal for Decision Makers, 40(4), 1–9. https://doi.org/10.1177/0256090915611773
  • Chatterjee, C., Rakshit, D. and Dutta, P. (2015). Market Response to Share Repurchases on the Bombay Stock Exchange, Research Bulletin, Journal of ICMAI, 41(1), 167–206. https://doi.org/10.33516/rb.v41i1.167-206p
  • Chatterjee, C. and Mukherjee, P. (2015). Price Behaviour around Share Buyback in the Indian Equity Market, Global Business Review, 16(3), 425–438. https://doi.org/10.2139/ssrn.2306497
  • Roy, S. and Chatterjee, C. (2013). Dynamics of Trade Potential in “Emerging Asia” in the Post Financial Crisis Era, Global Business Review, 14(4), 639–650. https://doi.org/10.1177/0972150913501603
  • Chatterjee, C. (2009). Future Trend and Challenges in Indian Banking: A Fresh Look, The Chartered Accountant, ICAI, New Delhi, 57(12), 2115–2119. (DOI / Link not available)
  • Chatterjee, C. and Rakshit, D. (2008). Share Buy Back Regulations in India: A Critical Analysis, The Chartered Accountant, ICAI, New Delhi, 57(5), 859–865. (DOI / Link not available)
Book / Book Chapters:
  • Book Title: Financial Restructuring through Share Buyback in India, Lambert Academic Publishing, Germany. ISBN: 978-3-659-00159-8
  • Chatterjee, C. and Rakshit, D. (2013). Corporate Restructuring through Share Buyback: A Case Study, in An Application of Computational and Financial Econometrics, Bloomsbury Publishing, pp. 266–278. ISBN: 978-93-82951-36-0 (Edited book of International Conference on Computational and Financial Econometrics at IIT Kharagpur)
  • Rakshit, D. and Chatterjee, C. (2012). Comparative Performance Analysis of Indian Banks using CAMEL, in International Finance on Infrastructure Development, Bloomsbury Publishing, pp. 70–89. ISBN: 978-81-924302-1-8 (Edited book of International Conference on Frontiers of Infrastructure Finance at IIT Kharagpur)
  • Rakshit, D. and Chatterjee, C. (2011). Financial Restructuring through Share Buyback: An Empirical Study of Selected Indian Companies, in Strategy of Infrastructure Finance, Macmillan Advanced Research Series, pp. 249–270.
Conferences:
  • Earnings management and readability financial reports: Evidence from an emerging economy, 18th ISDSI Global Conference, Dec 26–29, 2024, PIBM Pune, India.
  • Influence of Regional Trade Agreements on Firm Performance and Investor Behaviour, 9th International Conference on Empirical Issues in International Trade & Finance, IIFT Kolkata, Dec 12, 2024.
  • Mandatory female directors on Indian corporate boards and its impact on their financial performance, 16th ISDSI Global Conference, Dec 26–29, 2023, IIM Ranchi, India.
  • Ownership pattern and governance-performance relation: Evidence from top Indian companies, 36th Euro Asia Management Studies Association (EAMSA) Conference, Oct 2–5, 2019, FH Vorarlberg, Dornbirn, Austria.
  • Board Quality and Earnings Management: Evidence from an Emerging Economy, EURAM Conference, June 26–28, 2019, Lisbon, Portugal.
  • Corporate Governance and Earnings Management: Evidence from an Emerging Market under Concentrated Ownership Structure, 7th India Finance Conference, Dec 19–21, 2019, IIM Ahmedabad, India.
  • Ownership Pattern and Governance-Performance Relation: Evidence from Top Indian Companies, 16th Asia Pacific Economic Association Conference, Aug 1–2, 2019, Fukuoka University, Japan.
  • Does Cash Dividend Announcements influence Stock Returns? Evidence from an Emerging Economy, 17th European Economics and Finance Society Conference, City University of London, UK, June 21–24, 2018.
  • Board Quality and Earnings Management: Evidence from India, 5th PAN IIM World Management Conference, IIM Lucknow, Dec 14–16, 2017.
  • Does Board Quality influence Earnings Management? Evidence from an Emerging Economy, 4th PAN IIM World Management Conference, IIM Ahmedabad, Dec 13–15, 2016.
  • Price Behaviour around cash dividend announcements in the Indian equity market, 5th India Finance Conference, IIM Calcutta, Dec 17–19, 2015.
  • Board Composition and Financial Performance: Evidence from Indian and Chinese listed firms, Sino-India Forum 2015, Sichuan Academy of Social Sciences, Oct 26–27, Chengdu, China.
  • Linking profits to asset-liability management of Indian commercial banks, 4th India Finance Conference, IIM Bangalore, Dec 17–19, 2014.
  • Price Behaviour around Share Buyback in the Indian Equity Market, Borsa Istanbul Finance & Economics Conference (BIFEC), Sept 30 – Oct 1, 2013, Istanbul, Turkey.
  • Anomalous Price Behaviour around Open Market Stock Repurchase Announcements in India, Indian Accounting and Finance Conference, IIM Lucknow, Sept 9–11, 2013.
  • Price Behaviour around Share Buyback in the Indian Equity Market, 15th Annual Conference on Money and Finance, IGIDR, Mumbai, Dec 18–19, 2013.
  • Corporate Restructuring through Share Buyback: A Case Study, International Conference on Computational and Financial Econometrics, IIT Kharagpur, Dec 27–29, 2012.
  • Comparative Performance Analysis of Indian Banks using CAMEL, International Conference on Frontiers of Infrastructure Finance, IIT Kharagpur, Dec 28–30, 2011.
  • Financial Restructuring through Share Buyback: An Empirical Study of Selected Indian Companies, International Conference on Infrastructure Finance, IIT Kharagpur, June 3–5, 2010.
  • Share Buyback as a Tool of Financial Engineering: An Empirical Study of Indian Companies, India Finance Conference, IIM Calcutta, Dec 3–5, 2009.
Research/Consultancy Projects:
  • Exploring linkages between Gender Diversity and Corporate Governance: Do Women Directorships really add to Business Value? National Foundation for Corporate Governance (NFCG), New Delhi (with T. Nag).
  • Exploring Relationships between Corporate Governance Practices and Financial Performance of Firms in India: Does more focus on governance create increased business value? Ministry of Corporate Affairs (MCA), Government of India (with T. Nag).
  • Does good corporate governance lead to enhanced business value? National Foundation for Corporate Governance (NFCG), New Delhi (with T. Nag).
Teaching:

PG Courses

  • Financial Accounting and Analysis
  • Advanced Financial Statement Analysis
  • Strategic Cost Management
  • Corporate Finance
  • Mergers, Acquisitions and Corporate Restructuring

FPM Courses

  • Advanced Corporate Finance Theory
  • Advanced Research in Accounting
Awards:
  • ICAI International Research Award 2024: Best Research Paper Gold Award in Accounting category conferred by the Institute of Chartered Accountants of India Research Committee.
  • Sourabh Shiware Memorial Young Researcher Award 2016 (All India): Awarded by Indian Commerce Association for outstanding achievement and contribution in the discipline and profession of Commerce and Business Management.
  • Best Paper Award (Doctoral Thesis): Received under Advanced Research Category in Finance Track at the 3rd Doctoral Colloquium, Indian Institute of Management Ahmedabad (IIM-A), 2010.
  • University Gold Medal: Awarded by the University of Burdwan for standing First in First Class in M.Com examination (PG Level).
  • Special Gold Medal: Awarded by the University of Burdwan for securing the Highest Percentage of Marks in M.Com and all M.A examinations of the University.
  • Special Award: Awarded by the University of Burdwan for securing Highest Percentage of Marks in M.Com and all M.A examinations of the University.
  • Special Award: Awarded by the University of Burdwan for securing First in First Class position in B.Com (Hons) Examination (UG Level).
  • National Scholarship: Conferred by the Ministry of Human Resource Development, Government of India for securing 1st Rank in the merit list of the University across all UG-level examinations (Science and Arts faculties included).
Other Activities:

MDP training provided to the executives of CESC Ltd. GRSE Ltd., PCBL Ltd., Haldia Energy ltd., Balmer Lawrie & Co Ltd. etc.FDPs Conducted on Digital Revolutions in Finance Research Speaker on a Power Panel on Developing and Sustaining Effective Boards for Indian Institute of Corporate Affairs under Ministry of Corporate Affairs and Govt. of India (Oct 1, 2020). The panel discussion was for the Independent Directors across India.Speaker as Resource Person in different research workshopsChairing sessions in different conferences