Contact Professor Sunil Poshakwale

Background

Professor (Dr.) Sunil Poshakwale is a Professor of International Finance in the School of Management of Cranfield University, England since 2006. He is also an Adjunct Professor to the Graduate School of Business of the University of South Pacific, Fiji. As a former Director of Centre for Research in Finance, he led the development of high quality industry relevant research. He has published over 50 research papers in top finance journals and has presented over 60 papers in international conferences and seminars all over the world. He has successfully supervised many PhD and DBA students who work in prestigious universities and financial services both in the UK and worldwide. Sunil was named as the Best Professor of Financial Management by Asia’s Business School Awards and as one of the most influential ‘Management Gurus’ of Indian origin by Business India. He was named as one of the fifty top faces of Cranfield’s 50th anniversary celebrations. Professor Sunil Poshakwale has wide-ranging consulting experience in the area of international finance, investments and governance matters. He has served as finance expert on several projects of international banks and financial institutions. Professor Sunil Poshakwale’s industry led-research on ‘Quality of Corporate Governance and Firm Performance’ has been used by MAPFRE for launching a ‘Good Governance Fund’. His earlier work on ‘Gender Diversity’ was used by March Gestion Fondos in developing their investment strategies. His work on ‘Political Risk’ was extensively used by Atradius. He is currently developing research with an Emerging Market Focused Macro Hedge Fund. Well recognised for his finance expertise, he is regularly interviewed by print, radio and television media for his expert views on global finance. His views on global finance and economy are broadcast on the BBC World Service, TRT Television, and Sputnik International. 

Professor Sunil Poshakwale is an expert in international finance and emerging markets. He has published extensively in top finance journals including Journal of Banking and Finance, Journal of International Money and Finance, International Financial Markets, Institutions and Money, Journal of Business Finance and Accounting, International Review of Financial Analysis, Review of Quantitative Finance & Accounting, Global Finance Journal, Research in International Business and Finance, and Applied Financial Economics. His work on the Emerging Chinese Financial Markets won the China Accounting and Finance Review, (CAFR) Best Research Paper Award. His work on portfolio flows in emerging markets was adjudged as the best paper in the Journal of Emerging Markets Finance by Sage. Professor Sunil Poshakwale has chaired special sessions and delivered key-note speeches in many international conferences. He serves on the editorial boards of several finance journals and regularly referees research papers for a number of high quality finance journals. Sunil has successfully supervised several PhD and DBA students. Sunil's research interests include corporate governance, investments, asset pricing, financial regulations, international finance & investments, and risk management. He serves on the editorial board of Global Finance Journal, and Research in International Business and Finance. 

Professor Sunil Poshakwale has been a backbone of Cranfield’s growth in finance research and MSc programmes. As Director of Cranfield’s finance MSc programmes until 2016, he helped drive the School of Management into the top league of schools offering Financial Times ranked finance masters. He got the CFA recognised status for Cranfield and developed international partnership with Muscat University and student exchange programme with Freie University in Berlin.

Before joining Cranfield in 2006, Sunil held academic positions in a number of UK Business Schools; as a Professor of Finance in the University of Hull (2004-2006), as a Lecturer/Senior Lecturer in University of Birmingham (1998-2004), and as a Lecturer in the University of Kent (1997-1998). Before arriving in the UK, Sunil worked in the academia (Institute of Management Studies 1989-1994) and held a number of senior positions in the industry in India. He has received several prestigious international scholarships and awards including the Rotary International Scholarship-Argentina (1992), Euro-Asia Centre Scholarship from INSEAD (1993), Shastri Indo-Canadian Scholarship for pursuing research in Carleton University, Ottawa, Canada and the Commonwealth Scholarship to study for his PhD in Manchester Business School, Manchester University, UK. Being an alumnus, he has been a visiting Professor to the Manchester Business School’s Global MBA programme for the last 18 years and has delivered finance courses all over the world.


Research opportunities

I am interested in supervising PhD/DBA and collaborate on the following areas of research:

Emerging markets

International Finance

International portfolio investments

Corporate governance and Diversity of corporate boards

Macro-economy and financial markets & corporate performance

Derivatives and stock markets

Volatility spillovers and comovements 

Market structure and liquidity

Financial regulation 

Banking 

Current activities

I am currently working on following projects:

1. MiFID regulation and pricing efficiency

2. Quality corporate governance, board composition, diversity and firm performance

3. EU reporting and disclosure directives and bank risk taking

4. Macroeconomic uncertainty and firm performance

5. Culture and bank performance & risk 

6. Fintech and financial inclusion 

Clients

1. MAPFRE, SA, Madrid, Spain - Completed research project on ‘Corporate Governance and the Performance of the EU firms’. MAPFRE, SA is one of the largest Latin American Insurance companies. MAPFRE adopted our research and launched a ‘good governance fund’ on 15th February, 2017 in Madrid. See, https://noticias.mapfre.com/en/news-corporate/mapfre-is-launching-the-good-governance-fund-mutual-fund-combining-investment-in-value-and-good-corporate-governance/

2. Successfully completed research on ‘Gender Diversity and Performance of FTSE 100 Firms’, for March Gestión de Fondos, a boutique investment company based in London, 2016.

3. Impact of Financial Regulation, for Compliancy Services Ltd, 2014-2017.

4. Regulation and Competitiveness of Banking sector in Egypt, for the African Development Bank, 2011.

5.  Modelling of Political Risk for Atradius (one of the largest commercial insurance companies), 2009.

6.   Financial and Economic Governance in Egypt, for the African Development Bank, 2008.

7.  Economic and Financial implications and Quality of governance, for the African Development Bank, 2005. 


Publications

Articles In Journals

Conference Papers

  • Poshakwale S, Taunson J & Mandal A (2019) Volatility spill-over and price discovery in the Malaysian gold futures market. In: Global Finance Conference, Zagreb, 5-7 June 2019.
  • Poshakwale S & Agarwal V. (2019) Does Good Corporate Governance Matter? Evidence from Large European Firms. In: INFINITI conference, Glasgow, 9-11 June 2019.
  • Poshakwale S & Vineet A. (2018) Do Women on Board Add Value?. In: Financial Management Association (FMA) Europe Conference, Kristiansand, 14-16 June 2018.
  • Aghanya D, Poshakwale S & Agarwal V (2017) The impact of statutory audit and corporate reporting directives on compliance costs, risk-taking and reporting quality of the EU banks. In: European Financial Management Association 2017 Annual Meeting, Athens, 28 June - 1 July 2017.
  • Poshakwale S & Chandorkar P (2015) The response of UK equity risk premium to global monetary policy shocks. In: 13th INFINITI Conference on International Finance , Ljublijana, 8-9 June 2015.
  • Aghanya D, Poshakwale S & Agarwal A (2015) What is "good regulation? The impact of leaving the EU on the UK financial services. In: 5th International Conference of the Financial Engineering and Banking Society, Nantes, 11-13 June 2015.
  • Aghanya DE, Poshakwale S & Agarwal V (2015) What is "good regulation?" The impact of leaving the EU on the UK financial services. In: 5th International Conference of the Financial Engineering and Banking Society, Audencia Nantes, 11 June 2015.
  • Poshakwale S & Mandal A (2014) A New Look at the Return Comovements: Evidence from the Emerging Indian Equity Market. In: 2014 Multinational Finance Society Symposium, Larnaca, 4-5 April 2014.
  • Taunson J & Poshakwale S (2014) Tick size reduction, liquidity and pricing efficiency of index futures: Evidence from emerging Malaysian market. In: 2014 Global Finance Conference, Dubai, 31 March - 1 April 2014.
  • Poshakwale S (2010) Does new bank loan at the time of IPO reduce information asymmetry?. In: European Financial Management Association annual conference.
  • Poshakwale S (2010) Impact of bank financing on IPO underpricing: Evidence from the emerging Indian market. In: 17th Annual Global Finance Conference, 2010, Poznan, 27 June 2010.
  • Poshakwale S (2009) Employee Participation in IPOs. In: 22nd Australasian Finance and Banking Conference, Sydney.
  • Poshakwale S (2009) Competitiveness and efficiency of the banking sector and economic growth in Egypt. In: 4th African Economic Conference on Fostering Development in an Era of Financial and Economic Crises, 2009, Adis Ababa, 11 November 2009.
  • Poshakwale S (2009) Investor Protection Regulations and Foreign Equity Portfolio Investments. In: Global Finance Conference, Hawaii, 5 April 2009.
  • Poshakwale S (2009) Investor Protection and Foreign Equity Portfolio Investments. In: Financial Management Association Conference, Turin.
  • Poshakwale S & Thapa C (2008) The impact of foreign equity investment flows on integration of Asian emerging equity markets. In: 2014 Global Finance Conference, Dubai, 31 March 2014.
  • Neupane S & Poshakwale S (2008) Venture backed IPOs in Emerging Markets: Do they reduce Information Asymmetry?. In: ESRC Seminar Series on Corporate Governance, Regulation, and Development, Birmingham, 24 October 2008.
  • Poshakwale S (2007) Foreign Portfolio Investments and Equity Market Comovements: Evidence from the Emerging Indian Stock Market.
  • Poshakwale S & Thapa C (2007) Foreign investors and global linkages of Indian equity markets. In: 20th Australasian Finance and Banking Conference, Sydney.
  • Poshakwale S, Ching P & Ford J (2006) Hedging with stock index futures: Evidence from the Malaysian markets. In: 13th Global Finance Conference, Rio de Janeiro.
  • Agarwal V & Poshakwale S (2006) Does distress risk explain size and Book-to-market effects?. In: CERAM Research Seminar, Sophia Antipolis.
  • Poshakwale S (2005) Volatility transmission dynamics between ADRs and underlying shares. In: 3rd International Finance Conference.
  • Poshakwale S (2004) Exchange rate and stock price interactions in European emerging financial markets before and after the Euro. In: European Financial Management Association Conference, Basle.
  • Poshakwale S (2003) Interaction between the stock market and foreign exchange market: Evidence on European emerging markets. In: 24th SUERF Colloquium on stability and efficiency of financial markets in Central and Eastern Europe, Tallinn.
  • Poshakwale S (2002) Market Capitalisation, Cross Correlations, the Lead/Lag Structure and Microstructure Effects in the Indian Stock Market. In: European Financial Management Association Annual Conference, London.
  • Poshakwale S (2000) What Are the Key Features of Volatility in East European Emerging Stock Markets? Evidence on Hungary and Poland. In: European Financial Management Association Annual Conference, Athens.
  • Poshakwale S (2000) The dynamics between stock returns and mutual funds flows: Empirical evidence from the Greek stock market. In: European Financial Management Association Annual Conference, Athens.
  • Poshakwale S (1999) Conditional Variance and Non-linear Effects in Disaggregated Data: Does the Market Microstructure Matter? Comparative Evidence from the Indian and UK Stock Markets. In: 6th Annual Conference of the Multinational Finance Society, Toronto.
  • Poshakwale S (1999) Modeling the Nature of Volatility Conditions in the East European Emerging Stock Markets. In: Conference on Building Financial Institutions in Transition Economies, Poznan.
  • Poshakwale S (1998) Foreign Equity Investment and Volatility: Evidence from Chinese Emerging Markets. In: European Financial Management Association Annual Conference, Lisbon.
  • Poshakwale S (1998) Linear and Nonlinear Volatility in the Hungarian and Polish Emerging Markets: An Analysis and Comparison. In: 5th Annual Conference of Multinational Finance Society, Helsinki.
  • Poshakwale S (1995) Non-linear Structure of Polish Stock Market.
  • Poshakwale S (1995) An Empirical Investigation of the Structure and Dynamics of the Chinese Stock Market.

Books

  • Poshakwale S & Mandal A (2020) Large-Sample Theory. In: Handbook of Financial Econometrics, Mathematics, Statistics, and Machine Learning, World Scientific, p. 3985-3999.
  • Poshakwale S & Mandal A (2020) Large sample theory. In: Handbook of Financial Econometrics, Mathematics, Statistics and Machine Learning, London: World Scientific.
  • Poshakwale S & Wood D (1998) Conditional variance and nonlinearity in the Polish emerging market. In: Emerging Capital Markets: Financial and Investment Issues. Choi J, Doukas J (ed.), Quorum Books, p. 205-224.
  • Poshakwale S (1998) Market efficiency. In: The Blackwell Encyclopaedic Dictionary of Finance, p. 117-119.
  • Poshakwale S & Wood D (1997) The impact of regulatory changes in the Indian stock market: An event study. In: Economic Liberalisation: Its Impact on Indian Economy, Business and Society. Titus V, Sundaram S, Kulkarni K (ed.), IL, USA: Association of Indian Economic Studies, p. 86-101.
  • Poshakwale S & Wood D (1997) A recent evidence on return seasonalities in major stock market indices. In: Contemporary Developments in Finance. Topsacalian P (ed.), Paris: Groupe Sup de CO Montpellier, ESKA Editions, p. 81-92.
  • Poshakwale S, Wood D & Dasgupta B (1996) Investigating the dynamics of Polish WIG-20. In: Modelling and Analysing Economies in Transition, p. 237-257.