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Journal of Economics and Finance Research

Editorial Board

Founder & Editor-in-Chief

  • Prof. P. Arunachalam, PhD., Professor and Head, Department of Applied Economics, Cochin University of Science and Technology, Kochi, Kerala State, India.


    Dr. P.Arunachalam is the Professor  and Head of the Department of Applied Economics, Cochin University of Science and Technology (CUSAT), Kochi-22, Kerala State, India. He was the Head of the Department of Applied Economics, Cochin University of Science and Technology three times during the period April 2004 to April 2007. And again became the Head of the Department from July 2013 to July 2016 and third time from October 2018 onwards.   He has thirty  one  years of Teaching and Research Experiences. Now he is the Chairman , Board of Studies, Department of Applied Economics, CUSAT.

    “Bharat Vidya Ratan Award” 2018 by International Business Council, 115, first Floor, Vardhaman Mayur Market, Delhi -110 096. “Bharat Ratna Indira Gandhi Gold Medal Award 2018”,  By Global Economic Progress and Research Association Tiruvannamalai-606 601. “Bharat Rana Dr. Abdul Kalam Gold Medal Award  2018”, By Global Economic Progress and Research Association Tiruvannamalai-606 601. “Life Time Academic Achievement Award 2019”  by Maya Publications, Chennai. “Best Citizen of India Gold Medal Award  2019”  by  Global Economic Progress and Research Association Tiruvannamalai-606 601. He has valuated more than 250 Ph.d thesis and conducted Ph.D viva voce examination for 200 candidates in various universities in India


    Research Interest

    He has completed another major research project on “Solid Waste Management in Kerala” sponsored by ICSSR, New Delhi.

Co- Editor in Chief

  • Dr. Dinh Tran Ngoc Huy, Ph.D., Hotel Director, Ngoc Lan Hostel, Dong Nai, Viet Nam.


    Positions held: Bank manager, Financial
    manager, Corporate Director
    - Used to teach in various
    Universities/Colleges in HCM City, Editors
    of Scopus/ISI Journals


    260-280 RESEARCH

    Research Interest
    • Soccer, badminton, table-tennis, dancing, volleyball. Playing the organ and harmonica
    • Excel, Ms Office, Crystal ball, Spreadsheet modeling, Java, HTML, Javascript, Jquery, Bloomberg, DataStream Advanced, Macromedia, Solver, teaching, research, presentation, teamwork, Sim Vision, Visio

Editorial Board Member

  • Prof. Reza Moghaddasi Ph.D.,, Department of Agricultural Economics, College of Agriculture and Natural Resources, Science and Research Branch, Islamic Azad University, Tehran, Iran

    Biography Ph.D.,Agricultural Economics(2000).Department of Agricultural Economics, Islamic Azad University, Science and Research Branch, Tehran, I.R. of Iran Dissertation: Studying Relation Between Iran’s Agricultural Economic Variables and Fiscal- Monetary Policies M.Eng.,Agricultural Economics(1995).Department of Agricultural Economics, Faculty of Agriculture, University of Tehran, I.R.of Iran Thesis: Studying Role of Risk and Uncertainty in Agriculture(Case Study of Potato in Esfahan) B.Eng.,Agricultural Economics(1993). Department of Agricultural Economics, Faculty of Agriculture, University of Tehran, I.R.of Iran
    Research Interest Agricultural Economics Econometrics International Trade Agricultural Policy Mathematical Programming

  • Prof. Cam Caldwell, Professor, Human Resource Management Discipline, Alabama A & M University, Alabama, USA. Email:

    Biography Ph.D., Business Administration -- Specialization in Organization Behavior and Human Resource Management at Washington State University, Pullman, WA Dissertation Topic: Organizational Trustworthiness -- A Developmental Model Master of Organization Behavior, Brigham Young University Master of Arts in Political Science, University of Illinois - Chicago Circle Master of Public Administration, Brigham Young University Bachelor of Arts in English, Brigham Young University “Program for Senior Executives in State and Local Government,” John F. Kennedy School of Government, Harvard University
    Research Interest Trust and Trustworthiness Ethical Leadership Strategic Human Resource Management Competitive Advantage and Strategic Management Improving the Quality of Business Education

  • Prof. Krishna Reddy, Associate Professor, 5 Dorothy Place, Hillcrest, Hamilton 3216, New Zealand. Email:

    Biography Prof. Krishna Reddy was an Independent Consultant registered with the Manawatu Business Development Board. The role of an Independent Consultant is to provide advice to the investors who are applying for the Manawatu Business Development Board grant and to prepare an independent evaluation report for the Board. He have also worked on a short-term basis for the Bank of New Zealand, the National Bank of New Zealand, the ASB Bank, the Reserve Bank of New Zealand, and Plix Packaging Limited. He also worked for five years at the Fiji Development Bank.
    Research Interest Business Management Economy

  • Prof. (Dr.) Naresh Sachdev , Prof. cum Dean (Corporate Relations) PCTE Group of Institutes, Ludhiana. E-mail:


    Seven years’ Experience as an academician in PCTE Group of Institutes Ludhiana as a Professor cum Dean in Business Management has given me an exposure to the field of teaching since 2015 to enable me to add value through the theoretical knowledge available on these subjects and Practical knowledge, I have gathered in my long 30 years of entrepreneurial career.

    Research Interest
    • Management
    • Marketing/Statistics
    • Accounting
    • Finance

  • Prof. OMALIKO EMEKA LEONARD, Lecturer, Accountancy Department, Nnamdi Azikiwe University, Awka (NAU), Nigeria. E-mail:,

    Biography Working as a Lecturer for Accountancy Department in Nnamdi Azikiwe University, Awka (NAU), Nigeria from 2020 Previously worked as Assistant lecturer and lecturer for Accountancy Department in Anambra State Polytechnic, Mgbakwu (ANSPOLY), Nigeria
    Research Interest Accountancy Polytechnic

  • Dr. Hema Neelam, Assistant Professor, Balaji Institute of Management Sciences, India. E-mail:

    Biography • Presently working as an Assistant Professor in “Balaji Institute of Management Sciences”. • Awarded Ph.D. degree from Kakatiya University, entitled ““Investment Patterns of Women Employees- A study of Warangal Urban District” on December 10th, 2021.
    Research Interest Business Economics Financial Management Securities Analysis and Portfolio Management International Financial Management Financial Institutions and Market Services Derivatives Entrepreneurship Business Economics and Financial Accounting Organizational Behavior Managerial Economics and Financial Accounting Management Science.

  • Dr. Pascal Stiefenhofer, M.Sc, Ph.D., Senior Lecturer University of Newcastle


    2016 Doctor of Philosophy in Mathematics, D.Phil. The University of Sussex, Department of Mathematics, UK.
    2010 Doctor of Philosophy in Economics, Ph.D., University of York. Department of Economics and Related Studies, UK.
    2006 Master of Science, MSc. Economics University of York. Department of Economics and Related Studies, UK.
    2005 PG. Dip. Statistics and Econometrics University of York. Department of Economics and Related Studies, UK.
    2003 PG. Dip. Japanese Business Studies, Kansai Gaidai University, Faculty of International Business Studies, Osaka, Japan.
    2004 Bachelor BSc. International Management, University of Applied Sciences Solothurn, Switzerland.

    Research Interest
    • Mathematical and Statistical Economics
    • Applied Economics and Finance
    • Mathematical Finance

  • Prof. Govind Hariharan, PhD., Professor at Kennesaw State University and Board Chair and Faculty Advisor at the KSU Student Managed Investment Fund, USA.


    Govind Hariharan is a Professor at Kennesaw State University and Board Chair and Faculty Advisor at the KSU Student Managed Investment Fund. He was previously the Executive Director of the India China America Institute and Chair of the Department of Economics and Finance at Kennesaw State University. He is also the founder of NEO Advisory LLC, a strategic advisory firm.

    Govind Hariharan is a sought after advisor for his keen insights and has provided strategic advice on health care, technology, investments and global expansion to companies and governments. He serves or has served on many advisory boards including the Atlanta Society of Finance and Investment Professionals Foundation, Georgia Department of Revenue (until 2019), American Diabetes Association (until 2015), Georgia Indo American Chamber of Commerce (until 2015), and NCCSD (India). He has also served on the Boards of WellStar Institute for Better Health, and was a member of the WellStar- KSU Partnership Committee as well as various health care related task forces in Georgia and New York.. He has consulted for numerous organizations such as the World Bank and Council for Quality Growth.

    Research Interest

    Govind Hariharan is a sought after speaker at various venues such as the Global Leaders Forum, Wharton China Summit, Emory China Summit, Emory India Summit and TIE conferences on global expansion, investments, health care and entrepreneurship.  He has been interviewed or quoted in many media outlets including the Financial Times, Investors Daily, O Globo, Atlanta Business Chronicle, Money Talks and National Public Radio.

  • Prof. B. Nimalathasan, PhD., Professor in Accounting & Head, Department of Accounting, Faculty of Management Studies and Commerce, University of Jaffna, Jaffna, Sri Lanka.


    ? Doctor of Philosophy University of Chittagong, Bangladesh, 2010.
    ? Higher National Diploma in Accountancy (HNDA) Advanced Technological Institute of Jaffna, Sri Lanka, 2002.
    ? Post Graduate Diploma in Management (PGDM) (on Merit) University of Rajarata, Sri Lanka, 2006.
    ? B.Com (Hons),(First Class) University of Jaffna, Sri Lanka,2002.

    Research Interest


  • Prof. S. Harikumar, PhD., Dean, Faculty of Social Sciences Professor (Rtd.), Department of Applied Economics, Cochin University of Science and Technology, Cochin, India.


    ? Member, Executive Council, Pondicherry University, 2000.
    ? Dean, Faculty of Management, Humanities and Social sciences, Kerala University of Fisheries and Ocean Studies, Ernakulam
    ? Head of the Department, Department of Applied Economics, Cochin University of
    Science and Technology, 2007-10, 2016-2018
    ? Member, IQAC Cell, CUSAT

    Research Interest

    Agricultural Economics, Applied Economics

  • Dr. Dospinescu Octavian, Ph.D., Associate Professor, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Iasi, Romania

    • 2001-2009 Ph.D., Cybernetics and Economic Statistics Alexandru Ioan Cuza University, Iasi, Romania ▪ Title of Ph.D. Thesis: Information Technologies for theOrganisations’ Management.
    • 2000-2001 Postgraduate Diploma, Information Systems Alexandru Ioan Cuza University, Faculty of Economics and Business Administration.
    • 1997-2001 Undergraduate Diploma, Specialization: Informatics Alexandru Ioan Cuza University, Faculty of Informatics.
    • 1996-2000 Undergraduate Diploma, Specialization: Accounting and Information Systems Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, Specialization: Accounting and Information Systems.
    Research Interest

    ▪ Microsoft Office™ (Word, Excel, Power Point);

    ▪ Java/Eclipse

    ▪ Android/Android Studio

    ▪ Visual Basic .NET

    ▪ C#/Visual Studio

    ▪ SQL/Postgresq

  • Dr. Mohammad Nayeem Abdullah, Ph.D., Associate Professor and Dean of CIU Business School (CIUBS) at Chittagong Independent University (CIU) in Bangladesh


    Dr. Mohammad Nayeem Abdullah is Associate Professor and Dean of CIU Business School (CIUBS) at Chittagong Independent University (CIU) in Bangladesh. He is also the Head of Finance and Economics Department under CIUBS, and the Acting Director of Institutional Quality Assurance Cell (IQAC). In addition he is the Special Advisor to the Finance & Accounts Department of CIU.

    He obtained his PhD Degree in Finance from University of Chittagong (CU) under HEQEP Funding. He completed his Bachelor of Business Administration (BBA) Degree in Finance & Banking from Assumption University, Thailand with Magna Cum Laude in 2005 and Master of Science (M.Sc.) Degree in Finance and Management from University of Exeter, UK in 2006. He has numerous publications in national and international peer- reviewed journals to his credit, and is also a Reviewer for a number of international peer-reviewed journals.

    He is the Faculty-In-Charge of the Social Welfare Society (SWS) Club and Program Coordinator of Live-in Field Experience (LFE) Program of CIU Business School as well.


    • World Bank Scholarship (HEQEP CP-140) for PhD students at University of Chittagong.
    • Special Award as In-charge of Social Welfare Society (Independent University) from Red Crescent, Bangladesh, February 2009.
    • Masters Bursary at University of Exeter.
    • Student Committee Representative Award, for outstanding contribution to the Student Staff Committee, University of Exeter, February 2006.
    • Outstanding Participation in the Undergraduate Financial Case Competition from October 26-29, 2004 at Assumption University, Thailand.
    • Rector’s Certificate of Honors, Academic Year 2003, Assumption University, Thailand.
    • Second Position in National Debate Competition arranged by Bangladesh Shishu Academy on 02/09/92.
    • 1st position in Talent Pool in Primary and Junior Scholarship Exams (1989 and 1992).
    Research Interest

    Dr. Abdullah’s primary areas of focus are Finance and Banking. He is interested in the workings of the financial markets, particularly factors which play an important role in the movements of share prices, and how they indicate the financial health of the concerned sectors. He has worked extensively on the dividend policies of Bangladesh, and the determinants of bank profitability. He is also interested in the impacts of information and communication technologies (ICT’s) on financial markets, and the impact of foreign direct investment (FDI) on the economy of Bangladesh.


  • Prof. Dayong Huang, M.A, Ph.D., Professor of Finance, University of North Carolina at Greensboro.

    • Ph.D., Economics, West Virginia University, 2005.
    • M.A., Economics, Hubei University, Wuhan, China, 2000.
    • B.A., Economics, Hubei University, Wuhan, China, 1997.
    Research Interest
    • Financial Markets and Institutions;
    • Corporate Finance; Investments;
    • Options and Futures;
    • Principals of Macroeconomics;
    • Principals of Microeconomics;
    • Personal Finance;
    • Statistics Graduate Investments;
    • Advanced Investments;
    • Monetary Economics

  • Prof. Deergha Raj Adhikari, M.A, Ph.D., Full Professor, University of Louisiana at Lafayette

    • University of Oklahoma, Norman, OK, USA – PhD – 2002
    • Thammasat University, Bangkok, Thailand – M.A. (Economics) – 1988
    • Tribhuwan University, Kathmandu, Nepal – B.A. (Economics) – 1974
    Research Interest
    • Accounting and Finance
    • Business and Economics
    • Applied Social Science
    • Business and Management Science

  • Prof. Ila Patnaik, Ph.D, professor at the National Institute of Public Finance and Policy, New Delhi


    Dr Ila Patnaik serves as a professor at the National Institute of Public Finance and Policy, New Delhi. Prior to this, she was the Principal Economic Advisor to the Government of India. Other former positions include Non-Resident Senior Associate at Carnegie Endowment for International Peace, and regular columnist at the Indian Express. She holds a BA (Economics) from Delhi University, an MA (Economics) from Jawaharlal Nehru University, and a Ph.D.(Economics) from the University of Surrey. Her research interests include international macroeconomics, finance and emerging economy business cycles. 

    Research Interest

    Her research interests include international macroeconomics, finance and emerging economy business cycles. Her research on these topics has been published in scholarly journals such as the Journal of International Money and Finance, the World Bank Economic Review, International Finance, and in collected volumes. Dr Patnaik served on various working groups and task forces of the Ministry of Finance, such as those on taxation of financial products, and those to create agencies, including the independent Public Debt Management Agency, the Resolution Corporation, the Financial Redress Agency and the Financial Data Management Centre.

  • Prof. K.Shivachithappa M.A., M.Phil., Ph.D.,, COORDINATOR DOS in Economics, PG Centre, Mandya

    • M.A. (Economics) from Bangalore University.
    • M.Phil (Economics) from Bangalore University
    • Ph.D(Economics) from Kuvempu University
    Research Interest
    • Economics
    • Banking
    • Rural Development
    • Cooperation
    • Women Studies

  • Prof. Lekha S. Chakraborty, Ph.D., Professor at NIPFP


    Lekha S. Chakraborty is a Professor at NIPFP. She is also affiliated as Research Associate with the Levy Economics Institute of Bard College, New York.

    She is the pioneer economist in institutionalising Gender Budgeting in India, with Chief Economic Advisor, Ministry of Finance, Govt of India in 2004. Her areas of interest are Macroeconomics of Public Finance, Fiscal Federalism, Extractive sector Economics, Financing Human Development and Gender Budgeting.

    She is the recipient of Infoys best PhD thesis award from Indian Institute of Science (IISc) Bangalore.

    She is the author of "Fiscal Consolidation, Budget Deficits and Macroeconomy" (Sage Publications). This book has received endorsement reviews from former RBI Governor Prof Y V Reddy and fr IMF Executive Director Fiscal Affairs, Prof Vito Tanzi. 

    She is also the co-author of the book  "Social Sector in Decentralised Economy: India in the Era of Globalisation" (Cambridge University Press, 2016).

    She has worked for the IMF, World Bank, the UNESCAP, the UNDP, the UN Women, and the Commonwealth Secretariat on short stints. Her work experience on macro-fiscal policy and human development spans across 7 countries, Sweden, Canada, Morocco,The Philippiness, South Africa, Sri Lanka and Mexico; and more frequently  in Asia Pacific region.

    She was twice, an awardee of  Shastri Indo-Canada programme, from Department of Foreign Affairs and Trade (DFAIT), Government of Canada. She was visiting Professor at American University (Washington DC),Uppsala University (Sweden) , Carleton University (Canada),  and University of Utah, US on Gender, Macroeconomics and International Trade courses.

    She received Ph.D. in economics in 2004 from the Centre for Development Studies (Jawaharlal Nehru University), where she was also Associate Professor for one year, 2007-2008. She has papers in national and international journals.

    She is a columnist in the Financial Express, and also in Businessline, Hindustan Times and Scroll; and featured in CNBC, ANI, DD News, AIR World Air Service and Rajya Sabha. 

    Research Interest

    (1) Macroeconomics of Public Deficits, Fiscal Monetary Policy Linkages, Financial Inclusion - Microfinance.

    (2) Effectiveness of Public Expenditure. Gender budgeting, Human Development.

    (3) Fiscal Federalism, Decentralisation

    (4) Fiscal research on Mining Tax and Competitiveness of Extractive Industries

  • Prof. Shawkat M. Hammoudeh, M.A, Ph.D, Affiliate Professor, IPAG Business School, Paris, France.

    • Ph.D, University of Kansas, Economics Minor: Mathematics.
    • M.A, University of Kansas, Economics Minor: Political Science.
    • B.A, University of Baghdad, Economics.
    Research Interest
    • Principles of Economics I & II
    • Intermediate Microeconomics
    • Managerial Economics
    • International Trade
    • International Finance
    • Natural Resources & Environmental Economics
    • Economic Development
    • Economics of Consumption
    • Applied International Trade

  • Prof. R. Steven Flynn, BBA, Ph.D, Professor of Accountancy College of Business, Thomas More University, Crestview Hills, Kentucky


    9/83 to 12/87 – Doctor of Philosophy (Ph.D.), College of Business Administration, University of Cincinnati,Cincinnati, Ohio.

    9/79 to 6/83 –   Bachelor of Business Administration (BBA), summa cum laude,College of Business Administration, University of Cincinnati,

    Cincinnati, Ohio.                  


    Research Interest
    • Business and Economic
    • Business Research
    • Finance 
    • Accounting 

  • Prof. Sundarrajan Sankar, Ph.D., Professor of Finance at Tarleton State University


    I am currently Professor of Finance at Tarleton State University. I have been with Tarleton State for over twenty five years, during which I have held several positions as Dept. Head, MBA Director, Business School Dean, Director of Business -Fort Worth Campus etc.

    I have a MMS from S P Jain institute of Management and research and a Ph. D in Finance from University of Alabama. I have publications and presentations in several journals and have guest lectured extensively.

    Research Interest

    My research interests include Financial Markets, Mutual Funds and writing Case Studies.


  • Prof. Wing-Keung Wong , M.Sc, Ph.D, Chair Professor, Department of Finance, Asia University, Taiwan

    • Ph.D., 1989, University of Wisconsin-Madison, U.S.A.
    • Master of Science in Statistics, 1989, University of Wisconsin-Madison, U.S.A.
    • Bachelor of Science, 1980, The Chinese University of Hong Kong, Hong Kong, Major: Mathematics, Minor: Economics and Statistics
    Research Interest

    Financial Economics, Econometrics, Mathematical Finance, Mathematical Economics, Equity Analysis, Investment Theory, Risk Management, oral Finance, Behavioral Economics, International Business, International Finance, Environmental Economics, Public Health, Energy Economics, Agricultural Economics, Operational Research, Stochastic Dominance Theory, Time Series Analysis, Bayesian Theory, and Decision Theory.

  • Dr. Hrushikesh Mallick, Centre for Development Studies, Medical College Ulloor, Kerala, INDIA

    Biography Dr. Hrushikesh Mallick is currently an Associate Professor of Economics at the Centre for Development studies (CDS), Trivandrum, Kerala, India. His current research interests include applied macroeconomics, public economics, and international finance. He has published papers in journals which include - Journal of Real Estate Finance and Economics, International Economic Journal, Journal of Policy Modeling, Journal of Economic Policy Reform, Journal of Developing Areas, Singapore Economic Review, Asian Economic Review, Applied Econometrics and International Development, International Review of Applied Economics, and Journal of Indian School of Political Economy. He has supervised many research scholars including interns at the post graduation levels.
    Research Interest Economy Macroeconomics and Development Economics